Mr. Karim Rayani reports

IBERO ANNOUNCES PARTIAL REVOCATION ORDER AND UNIT FINANCING

The British Columbia Securities Commission has granted a partial revocation order, which was filed on Jan. 11, 2026, in relation to the failure-to-file cease trade order (CTO) issued on May 6, 2025.

In connection with the partial revocation, the company announces its intention to raise an aggregate amount of $500,000 through a non-brokered private placement of units. Each unit will consist of one common share of the company and one common share purchase warrant entitling the holder to purchase one common share at an exercise price of eight cents for a period of 36 months from the closing date.

The company may pay to any applicable finder a cash commission of up to 6 per cent of the gross proceeds of the private placement and may issue broker warrants of up to 6 per cent of the units sold under the private placement, with each broker warrant exercisable to acquire one common share at an exercise price of eight cents for a period of three years from the date of issuance thereof.

The purpose of the private placement is to raise sufficient capital to prepare and file all outstanding continuous disclosure documents and subsequently apply for and obtain a full revocation order. The proceeds of the private placement will namely be applied toward the following: (i) accounting, audit and legal fees associated with the preparation and filing of the relevant continuous disclosure documents; (ii) payment of the finder's fee in connection with the private placement; (iii) exploration and evaluation activities; and (iv) unallocated working capital.

Closing of the private placement will be subject to acceptance by the TSX Venture Exchange and other customary closing conditions. In addition to the CTO and applicable resale restrictions under Canadian securities laws, the securities issued pursuant to the private placement will be subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable securities legislation.

Prior to the closing of the private placement, the company will provide written notice to each subscriber that the common shares will remain subject to the CTO until such time as a full revocation is granted and that the granting of the partial revocation does not guarantee the issuance of a full revocation order in the future.

About Ibero Mining Corp.

Ibero Mining is a Canadian public company listed on the TSX Venture Exchange and in the United States on the OTCQB. The company is engaged in the acquisition and exploration of brownfield gold and copper-gold projects in Portugal and is focused on advancing high-potential mineral assets in prospective European geological settings. Ibero Mining owns a 100-per-cent equity interest in EVX Portugal, a private Portuguese company that holds the legal exploration rights to the Borba 2 (Miguel Vacas) property under an exploration licence from the Portuguese government. Borba 2 covers approximately 328 square kilometres in the Alentejo region of southern Portugal. Miguel Vacas is the company's flagship asset, representing the most advanced prospect within Borba 2. It includes historical copper production and significant exploration potential, with drilling programs to date intersecting wide zones of mineralization and substantial copper grades. The prospect remains open for expansion along strike and at depth. The company continues to focus its exploration efforts on defining and expanding mineralization at Miguel Vacas and advancing Borba 2 toward a formal resource definition while exploring additional opportunities within the licence area.

We seek Safe Harbor.