Mr. Karim Rayani reports

IBERO ANNOUNCES PARTIAL REVOCATION ORDER AND CONFIRMATION OF UNIT FINANCING

As previously announced on Feb. 12, 2026, and further to the partial revocation order granted by the British Columbia Securities Commission (BCSC) on Feb. 11, 2026, and a variation order granted by the BCSC on March 19, 2026, a partial revocation order was granted by the BCSC on March 27, 2026, regarding the failure-to-file cease trade order (FFCTO) issued against Ibero Mining Corp. on May 6, 2025.

In connection with the partial revocation, the company confirms its intention to raise gross proceeds of up to $500,000 through a non-brokered private placement of units. Each unit will consist of one common share of the company at a price of three cents per unit and one common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share at an exercise price of eight cents for a period of 36 months from the closing date of the private placement.

The company may pay to any applicable finder a cash commission of up to 8 per cent (however, intends to pay up to 6 per cent) of the gross proceeds of the private placement and may issue broker warrants of up to 8 per cent (however, intends to pay 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, as set out in the attached table.

Description                                               Estimated amount

Accounting, audit, legal and other professional fees               $75,000
Payment of finder's fee                                            $40,000
Exploration and evaluation activities                             $250,000
Unallocated working capital                                       $135,000
Total                                                             $500,000

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 OTCQB. The company holds brownfield gold and copper-gold projects located in Portugal. The company is focused on exploration in highly prospective geological settings in European jurisdictions. Ibero Mining owns a total 100-per-cent equity interest in EVX Portugal, a private Portugal-based company, which holds the legal exploration rights from the Portugal government on the Borba 2 exploration properties, covering approximately 328 square kilometres in the Alentejo region in southern Portugal. Miguel Vacas is the most advanced prospect within the Borba 2 licence. In addition, Ibero Mining owns an 80-per-cent interest in Indice Crucial, a private Portuguese company that holds exploration rights on several past-producing copper and gold projects, as well as other advanced gold exploration applications in Portugal.

We seek Safe Harbor.