Urion Minerals International B.V. Acquires 100% of Iberian Minerals Corp. Plc

Urion Minerals International B.V. ("Urion"), an indirect, wholly-owned
subsidiary of Trafigura Beheer B.V. ("Trafigura"), is pleased to announce that
it has acquired 9,829,894 shares ("Shares") in the capital of Iberian Minerals
Corp. plc. ("Iberian") (TSX VENTURE:IZN) at a price of C$1.10 per share,
pursuant to a compulsory acquisition completed in accordance with Article 34 of
the Articles of Association of Iberian.


As a result of the Compulsory Acquisition, Urion now holds an aggregate of
507,437,421 Shares, which represents 100% of the outstanding Shares. 


Trafigura intends to cause Iberian to apply to delist the Shares from the TSX
Venture Exchange and to cease being a reporting issuer under Canadian securities
laws.


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"). 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 delisting of the Shares and the termination of Iberian's status as a
reporting issuer under Canadian securities laws.


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: 
Trafigura Beheer B.V.
[phone]
[e-mail]