Iberian Minerals Ltd. announced that it has submitted the results of the 2015 high-resolution aeromagnetic survey on its 100% wholly owned Cehegin Iron Ore Project in Southeastern Spain to the Spanish mining authorities to expedite an exploration permit required to commence a Work Program to enhance the project's potential and verify the historical data in accordance to a National Instrument 43-101 Resource Estimate. Magnetitas de Cehegin, a 100% wholly-owned Spanish subsidiary of Iberian Minerals contracted EON Geosciences of Quebec and International Geophysical Technology, S.L. ("IGT") in Madrid to complete a 1,212 line kilometre helicopter- borne magnetic survey in 2015. The results of this survey were announced on August 12, 2015. The detailed heliborne aeromagnetic survey provided excellent resolution of near-surface magnetic sources, representing a major improvement over prior regional aeromagnetic surveys. The majority of magnetic sources detailed on the aeromagnetic survey are judged to be quite shallow, representing near surface mineralization. The Work Program will see approximately 2,200 m (15-18 boreholes) drilled to verify the historical data. Further information will be provided to shareholders upon the commencement of the program.