Iberian Minerals reports New Hedging for Condestable

Iberian Minerals Corp. (TSX VENTURE:IZN) reported that its subsidiary, Compania Minera Condestable S.A., has executed required hedging in connection with the US$ 55 million senior secured debt facility which was completed on March 31, 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.

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