IZN InZinc Mining Ltd

Iberian Minerals Corp. plc (TSX VENTURE:IZN) ("Iberian") announces today that
Urion Minerals International B.V. ("Urion") has made an offer (the "Offer") to
acquire all of the shares (the "Remaining Shares") of Iberian that it does not
already own at a price of C$1.10 per share. The completion date of the Offer is
January 31, 2013.


The Offer has been made pursuant to the compulsory acquisition provisions set
out in Article 34 of the Articles of Association of Iberian. Urion intends to
exercise the power of attorney granted to it pursuant to Article 34 to acquire
all the Remaining Shares which are not tendered to the Offer. Accordingly, it is
anticipated that Urion will own all of Iberian's outstanding shares following
the completion of the Offer.


Reader Advisory 

This announcement is for informational purposes only and does not constitute or
form part of any offer or invitation to purchase, acquire, subscribe for, sell,
dispose of or issue, or any solicitation of an offer to sell, dispose, issue
purchase, acquire or subscribe for any security. The documentation relating to
the compulsory acquisition is available electronically without charge at
www.sedar.com. 


This news release contains certain forward-looking statements and other
information (collectively "forward-looking information") about Iberian's current
expectations, estimates and projections. Forward looking information is often
identified by words such as "anticipate", "intend", "believe", "expect", "plan",
"forecast", "target", "could", "focus", "vision", "goal", "proposed",
"scheduled", "milestone", "outlook", "potential", "may", "looking forward to",
or similar expressions and includes, but is not necessarily limited to,
suggestions of future outcomes, including statements about the completion date
of the Offering, Urion's use of the power of attorney granted to it pursuant to
Iberian's Articles of Association and Urion's ownership of Iberian following the
completion of the Offer. 


Developing forward-looking information involves reliance on a number of
assumptions and consideration of certain risks and uncertainties. Readers are
cautioned not to place undue reliance on forward-looking information as actual
results could differ materially from those currently anticipated due to a number
of factors, risks and uncertainties. The forward-looking statements contained in
this news release are made as at the date of this news release and Iberian does
not undertake any obligation to update publicly or to revise any of the included
forward-looking statements, whether as a result of new information future events
or otherwise, except as may be required by applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
+44 207 009 1708
media@trafigura.com

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