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IBERO MINING CORP.

145 Chadwick Court Suite 220,

North Vancouver B.C

L7N 3M6

TEL : (604) 716-0551

www.iberomining.ca

www.IberoMining.Ca

NEWS RELEASE IMC: TSXV

IMC: OTCQB

NEWS RELEASE

IBERO MINING ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Vancouver, BC - March 4, 2026 - Ibero Mining Corp. (TSX.V: IMC; OTCQB: AUCCF) (the "Company" or "Ibero") reports further to its news release dated April 28, 2025, Ibero has closed its previously announced non-brokered private placement, raising gross proceeds of $60,000.

The Company issued 2,000,000 units at $0.03 per unit, each unit consisting of one common share and one common share purchase warrant exercisable at $0.08 for 36 months from issuance.

All securities are subject to a statutory hold period and TSX Venture Exchange approval.

The closing of the private placement occurred prior to the cease trade order dated May 6, 2025.

On Behalf of the Board of Directors

Ibero Mining Corp.

Karim Rayani

Chief Executive Officer, Chairman & CEO

Email: k@r7.capital Tel +1 604 716 0551

About Ibero Mining Corp.

Ibero Mining Corp. is a Canadian public company listed on the TSX Venture Exchange (TSX.V: IMC) and in the U.S. on the OTCQB (AUCCF). 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% 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. Borba2 covers approximately 328square kilometres in the Alentejo region of Southern Portugal. Miguel Vacas is the company's flagship asset, representing the most advanced prospect within Borba2. 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 Borba2 toward a formal resource definition, while exploring additional opportunities within the licence area.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements/Information:

This news release contains certain statements which constitute forward-looking statements or information, including statements regarding the terms of the Private Placement, the timing of the closing of the Private Placement, and other statements characterized by words such as "anticipates," "may," "can," "plans," "believes," "estimates," "expects," "projects," "targets," "intends," "likely," "will," "should," "to be", "potential" and other similar words, or statements that certain events or conditions "may", "should" or "will" occur. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Company's control, including, without limitation, market competition, the impact of general economic and industry conditions, competition, stock market volatility, British Columbia Securities Exchange and TSX Venture Exchange approval conditions, and the ability to access sufficient capital from internal and external sources. Although the Company believes that the expectations in its forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: changes to volatile exchange rates, market conditions, market competition and other economic and market factors. This forward-looking information may be affected by risks and uncertainties in the business of the Company and market conditions. As such, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future plans, operations, and results, levels of activity or achievements. The forward-looking statements contained in this news release are made as of the date of this news release and, except as required by applicable law, the Company does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. Trading in the securities of the Company should be considered highly speculative. There can be no assurance that the Company will be able to achieve all or any of its proposed objectives.