Iberian Minerals: Facility Agreement for Senior Financing at Aguas Tenidas

Iberian Minerals Corp. (TSX VENTURE:IZN) reported that its wholly-owned subsidiary, Minas de Aguas Tenidas, S.A.U., has signed a facility agreement dated March 30, 2010 with BNP Paribas, Natixis and Societe Generale for a senior debt financing for US$ 50 million for the Aguas Tenidas Mine, with the first advance expected on or around April 15, 2010.

The press release is quoted as saying:

Iberian Minerals Corp. is a Canadian listed global base metals company with interests in Spain and Peru. The Condestable Mine, located in Peru approximately 90 km south of Lima, operates at 2.2 million tonnes per year producing copper, and associated silver and gold in a concentrate. The Aguas Tenidas Mine is in the Andalucia region of Spain approximately 110 km north-west of Seville and operates a 1.7 million tonnes per year underground mine and concentrator that produces copper, zinc and bulk copper/lead concentrates that also contain gold and silver.

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