Iberian Minerals Options to Acquire Spanish Gold Property

CALGARY, ALBERTA SLDRF, IML, OTCQB, TSX-V,(Marketwired Jul 29, 2015) Iberian Minerals Ltd. ( the Company ) (TSX VENTURE:IML)(OTCQB:SLDRF) announced today that its 100% wholly-owned subsidiary, Solid Mines España, S.A.U.( SME ), has acquired 100% of Compañía Minera Sierra de Caurío, S.L., ( Sierra de Caurio ) which currently holds an option to purchase nine gold-copper-silver Caurio concessions owned by Carolines del Narcea, S.L. (the Optionor ). The nine concessions, totalling 3,413 Ha, are located between the El Valle-Boinás and Carles gold mines in the northern province of Asturias, which are the only two operating gold mines in Spain. SME made a cash payment of EUR190,000 to Sierra de Caurío to purchase the company and assume the binding option agreement. Under the terms of the option agreement, SME now has the right to option a 95% interest in the property during a three-year term ending June 30, 2018 by paying the Optionor EUR 50,000 every eight months. After completing its
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