The document discusses Iberian Minerals' Condestable mine in Peru. It provides key facts about the mine, including that it is the 5th largest copper producer in Peru, produced 95,339 metric tons of copper concentrate in 2009, and has optimized production at over 6,000 tons processed per day. It also discusses the mine's resources and reserves, operations, 2010 guidance, and plans for new exploration prospects and 2010 capex and exploration budgets.

1. Click to edit Master title style
September 2010

2. Forward Looking Statements
This presentation contains certain “forward-looking statements” and “forward-looking information” under applicable securities laws.
Except for statements of historical fact, certain information contained herein constitutes forward-looking statements. Forward-looking
statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, and
other similar words, or statements that certain events or conditions “may” or “will” occur. Forward looking information may include,
but is not limited to, statements with respect to the future financial or operating performances of the Corporation, its subsidiaries and
their respective projects, the timing and amount of estimated future production, estimated costs of future production, capital,
operating and exploration expenditures, the future price of copper, gold and zinc, the estimation of mineral reserves and resources, the
realization of mineral reserve estimates, the costs and timing of future exploration, requirements for additional capital, government
regulation of exploration, development and mining operations, environmental risks, reclamation and rehabilitation expenses, title
disputes or claims, and limitations of insurance coverage. Forward-looking statements are based on the opinions and estimates of
management at the date the statements are made, and are based on a number of assumptions and subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking
statements. Many of these assumptions are based on factors and events that are not within the control of the Corporation and there is
no assurance they will prove to be correct. Factors that could cause actual results to vary materially from results anticipated by such
forward-looking statements include changes in market conditions and other risk factors discussed or referred to in the section entitled
“Risk Factors” in the Corporation’s annual information form dated March 29, 2010. Although the Corporation has attempted to identify
important factors that could cause actual actions, events or results to differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be
no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from
those anticipated in such statements. The Corporation undertakes no obligation to update forward-looking statements if circumstances
or management’s estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to
place undue reliance on forward-looking statements.
Unless otherwise stated, the information contained in this presentation is as of September 27, 2010. Unless otherwise stated, all dollars
are US$.
2

3. Key Messages
Iberian
Mid-size base metals producer
Two operating mines – Condestable (Peru) and Aguas Tenidas (Spain)
More than 2,000 employees and contractors worldwide
Stable countries of operation
Producing Base metals Concentrates – copper/zinc/lead concentrates - gold and
silver credits
Consolidated Reserves 29Mt +
Production 2010 45,000t copper, 25,000t zinc
Fully Permitted
3

4. Price/Net Asset Value
0.0X
0.2X
0.4X
0.6X
0.8X
1.0X
1.2X
Franconia
Duluth
PolyMet
Developer
Iberian
Anvil
Augusta
Producer
Amerigo
Mirabela
Mercator
Breakwater
Farallon
Imperial Metals
Quadra FNX
Taseko
Katanga
Lundin
Capstone
Price to Net Asset Value Comparison
Source: Bloomberg as at September 3, 2010; NAVs based on research analyst consensus.
First Quantum
Inmet
Teck
HudBay
Equinox
4

5. 2011E Cu Eq Produ ction (kt)
25
50
75
0
100
125
150
175
200
GlobeStar
Farallon
Imperial
Metals
Amerigo
Anvil
Breakwater
Mercator
Capston e
Taseko
2010E Cu Eq Production (kt)
Mirabela
25
50
75
0
100
125
150
175
200
Iberian
2011E Production
GlobeStar
HudBay
Anvil
Katanga
Farallon
Equinox
Amerigo
Inmet
Mercator
2012E
2011E
2010E
Quadra FNX
Imperial
Source: Research analyst consensus (1) Commodity price based on street consensus:
Metals
Lundin
Mirabela
First Quan tum
333
Gold
$1,150
$1,200
$1,185
Breakwater
Taseko
2012E Cu Eq Production (kt)
Silver
$17.63
$19.00
$18.29
Capstone
0
100
125
150
175
200
25
50
75
Iberian
2010E Production
GlobeStar
$3.25
$3.49
$3.20
HudBay
Copper
Imperial
Metals
Katanga
(1)
Farallon
Zinc
$1.06
$1.00
$0.93
Quadra FNX
Amerigo
Inmet
Breakwater
$0.95
$1.01
$0.91
Lead
Equinox
Taseko
Lundin
Capstone
337
$8.52
$9.00
$9.07
First Quantum
Nickel
Mercator
Mirabela
Consensus Estimate Cu Eq. Production , 2010-2012
$1,600
$1,675
$1,569
Platinum
Anvil
Iberian
2012E Production
$475
$475
$442
Hu dBay
Palladium
Inmet
Moly
$17.50
$19.50
$16.82
Equin ox
Quadra FNX
$16.50
$18.50
$20.00
Cobalt
Katanga
Lundin
354
First Qu antum
5

6. 2011E Cu Production (kt)
20
40
60
80
0
100
120
140
160
Breakwater
Farallon
Mirabela
GlobeStar
Mercator
Amerigo
Source: Research analyst consensus
Imperial
Metals
Anvil
Capstone
2010E Cu Production (kt)
Taseko
0
100
120
140
160
20
40
60
80
HudBay
Mirabela
2011E Production
Iberian
Breakwater
Inmet
Farallon
Katanga
GlobeStar
Lundin
Mercator
Quadra FNX
Anvil
Equinox
Amerigo
298
First Quantum Imperial
Metals
Taseko
2012E Cu Production (kt)
Capstone
20
40
60
80
0
100
120
140
160
HudBay
2010E Production
Breakwater
Iberian
Farallon
Katanga
Mirabela
Inmet
GlobeStar
Quadra FNX
Imperial
Metals
Lundin
Amerigo
Equinox
Consensus Estimate Cu Production, 2010-2012
Mercator
First Quantum
328
HudBay
Taseko
Capstone
Iberian
2012E Production
Anvil
Inmet
Lun din
Katanga
Quadra FNX
174
Equinox
287
First Quantum
6

7. (1)
Mid-Cap Cu / Zn Producers Growth Comparison
500
Copper Equivalent Production (MM lb)
400
300
200
100
0 Capstone Breakwater Iberian Quadra FNX
10E 11E 12E 10E 11E 12E 10E 11E 12E 10E 11E 12E
(1) Commodity price based on street consensus
Gold Silver Copper Zinc Lead Nickel Platinum Palladium Moly Cobalt
2010E $1,185 $18.29 $3.20 $0.93 $0.91 $9.07 $1,569 $442 $16.82 $20.00
2011E $1,200 $19.00 $3.49 $1.00 $1.01 $9.00 $1,675 $475 $19.50 $18.50
2012E $1,150 $17.63 $3.25 $1.06 $0.95 $8.52 $1,600 $475 $17.50 $16.50
CAGR - compound annual growth rate
7

8. Recent Accomplishments
Permanent Aguas Tenidas permit (August 2009)
Acquisition of Aguas Tenidas underground contractor (August 2009)
43-101 for Aguas Tenidas and 30% planned production increase (September 2009)
Analyst Trip (September 2009)
Commercial Production at Aguas Tenidas (October 2009)
Additional reagent permits for Aguas Tenidas (February 2010)
Raul Mine lease and royalty purchase (March 2010)
Completed $55M refinancing at Condestable (March 2010)
Completed $50M financing at Aguas Tenidas (April 2010)
Received €10,093,472 Grant from Junta De Andalucia (June 2010)
Completed 30% expansion of Aguas Tenidas Plant – now at 2.2mtpa (September 2010)
Drill program initiated at Condestable (September 2010)
8

9. Key Goals
Condestable
Maintain Condestable in steady state of production
Local and regional exploration
Aguas Tenidas
Declared commercial production (October 2009)
30% planned production increase completed – now 2.2mtpa
Corporate
Growth opportunities – base metals in North/South America or Europe/Middle
East/Africa regions
Leverage Trafigura relationship
Focus on key values, broad recognition for social and environmental
responsibilities, and enhancing value for our shareholders
9

10. Condestable - Location
Consists of two mines– Condestable and Raul.
Lima Located 90km from Lima, with excellent access
to infrastructure
Copper mineralization at Condestable occurs in
stratiform sulphide-rich replacement bodies
(mantos) and crosscutting sulphide bearing
quartz veins
Acquired in early 2008, IZN holds 98.7%
Condestable
Mine ownership of Compania Minera Condestable
10

11. Condestable Mine, Peru
11

12. Condestable– Key Facts
5th largest copper producer in Peru
• 2009 Processed – 2,165,000t, with
1.21% Cu head grade
• 2009 Produced – 95,339 DMT of
copper concentrate with 25% Cu
grade
• 2009 cash operating cost US$ 0.90/lb
• Optimized at 6000+ tonnes
processed per day
Low direct costs due to minimal ground
support and no required backfilling
Historically replaced reserves each year
Sustaining Capex 2010 in range of US$ 4-
5M
3 year collective labour agreement signed
January 2009
Awarded 2009 safest underground mine
Raul lease and royalty purchased (March
2010)
12

13. Condestable - Geology
Condestable Mine
Raul Mine
13

14. Condestable – Resources & Reserves
Mineral Resources as at June 30, 2008
Classification 000's tonnes % Copper
Measured 5,246 1.76
Indicated 2,433 1.82
Total Measured & Indicated 7,679 1.77
Inferred 8,806 1.24
Proven and Probable Reserves as at June 30, 2008
000's tonnes % Copper
Proven 6,696 1.27
Probable 3,120 1.3
Total Proven & Probable 9,816 1.28
Stocks (Proven) 262 0.8
Total for Mining Plan 10,078 1.27
Extracted from SRK Consulting 43-101 Technical Report dated January 2009
14

15. Condestable – Operations
15

16. Condestable - Guidance
Production Unit 2010
Ore Processed t 2,200,000
Concentrate DMT 95,000
Contained copper t 23,500
Fine gold oz 16,800
Fine silver oz 200,000
*Per Q2 2010
Average head grade of approximately 1.17% Cu, and recovery rate of
91% per year.
2010 cash operating costs of US$ 1.03 per payable pound of copper.
16

17. New exploration prospects
N
N
CONDESTABLE 10
SAN MARCOS
MALA PACIFICO SUR
80 Ha
MINE
VINCHOS SUR CERRO
85 Ha PACAY
210 Ha
CERRO PERICO
175 Ha
New prospects
17

18. Cerro Pacay (IOCG)
Nros:104-126 Cu 0.73% Nros:1648-1656 Cu 1.14%
N Nros.174-175 S
Nros: 1684 – 1699 Cu 0.91%
Sample Nro. 175
Sample Nro. 174
Structure 340ºN, cataclastita,
Vein – fault de 0.3 m, 230º/80NW,
with quartz veins of 0.1m
boxes of diorita
Cu: 7.93%
Cu: 7.73%
Au: 6.07 g/t
Au: 12.1 g/t
Ag: 19.4 ppm
Ag: 18.25 ppm
Activities to Develop (Oct – Dec 2010)
Scale1:2,000 210 Ha
Trenches and geochemical sampling
18

19. Condestable - Capex/Exploration
For 2010 Capex and exploration at Condestable, the following budgets have been
approved, with exploration of US$ 1.7 million to generally consist of surface sampling,
geophysics and contracted surface diamond drilling at Condestable 10 and San Marcos.
Year 2010 (000s USD)
Capex
Sustaining 1,500
Plant Operation 466
Mine Operation 753
Others 281
Special Projects 1,540
Crushing Building extension 790
Courier Project 750
Exploration 1,700
Condestable 10 950
San Marcos 750
TOTAL 4,740
19

20. Aguas Tenidas – Mine Location
Located in the Andalucia
province of Huelva in Aguas Tenidas
southwest Spain.
Rio Tinto
80km from Huelva, 120 km
from Seville.
Part of a roughly east-west Seville
striking chain of VMS deposits
which includes:
Huelva
- Rio Tinto (EMED Mining)
- Las Cruces (INMET Mining)
- Aznolcollar (Boliden)
- Aljustrel (Almina)
Cadiz
- Neves Corvo (Lundin Mining)
20

21. Aguas Tenidas Mine, Spain
Tailings Dam
Processing Plant
Orange Farm
Paste Plant
Main Offices
21

22. Aguas Tenidas– Key Facts
Fully Permitted
Commercial production declared
October 2009
Copper and polymetallic circuits
operational
Metallurgic recoveries for copper circuit
meet or exceed expectations
Cu/Pb separation is operational
Permit for 30% expansion submitted
Modifications for expansion complete
Exploration potential on strike and in
vicinity
JV with Cadillac Ventures on strike with
mine
22

23. Aguas Tenidas – Operations
23

24. Aguas Tenidas – Resources
Aguas Tenidas – Measured and Indicated Mineral Resources at 30th June, 2009
Combined Resources
Class Mt
Measured 11.72
Indicated 15.78
Total 27.50
Resource Category Mt Cu (%) Zn (%) Pb (%) Ag (g/t) Au (g/t)
Cupriferous
Measured 5.40 1.9 0.9 0.2 23.0 0.4
Indicated 6.76 2.4 1.1 0.3 32.1 0.5
Total 12.16 2.2 1.0 0.2 28.1 0.4
Polymetallic
Measured 5.39 0.6 6.7 1.8 56.3 0.8
Indicated 7.13 1.3 7.8 2.3 80.1 0.8
Total 12.52 1.0 7.3 2.1 69.8 0.8
Stockworks
Measured 0.93 2.0 0.3 0.1 9.4 0.1
Indicated 1.89 1.7 0.1 0.1 6.1 0.1
Total 2.82 1.8 0.2 0.1 7.2 0.1
Extracted from Report 43-101 Technical Report by Adam Wheeler, 11 September 2009
24

25. Aguas Tenidas - Reserves
Aguas Tenidas – Proven and Probable Mineral Reserves at 30th June, 2009
Reserve Category Mt
Proven 4.85
Probable 14.36
Total 19.21
Reserve Tonnes NSR
Cu % Zn % Pb % Ag g/t Au g/t
Category Mt Euro/t
Cupriferous
Proven 2.41 2.16 0.80 0.17 21.90 0.30 70.90
Probable 6.40 2.32 0.99 0.24 28.20 0.43 77.80
TOTAL 8.81 2.27 0.94 0.22 26.50 0.40 75.90
Polymetallic
Proven 2.44 0.87 6.48 1.86 62.90 0.87 82.20
Probable 7.96 1.28 6.48 1.98 70.80 0.78 101.50
TOTAL 10.40 1.19 6.48 1.95 69.00 0.80 97.00
Extracted from Report 43-101 Technical Report by Adam Wheeler, 11 September 2009
25

26. Aguas Tenidas– Long Section
X = 690380
Inferred 10.6MT Proven & Probable 19MT
Long section view of Aguas Tenidas Resource Limits from Adam Wheeler 43-101
26

27. Aguas Tenidas – Inferred Resources
Aguas Tenidas – Inferred Mineral Resources at 30th June, 2009
Total Inferred Resources
Mt 10.62
Class Mt Cu % Zn % Pb % Ag g/t Au g/t
Cupriferous
Main Zone 1.34 3.52 0.61 0.08 23.00 0.44
Western Extension 6.25 1.99 1.51 0.50 37.70 0.67
Total 7.59 2.26 1.35 0.42 35.10 0.63
Polymetallic
Main Zone 0.87 1.24 10.33 2.63 111.20 0.88
Western Extension 1.94 1.64 4.00 1.31 64.70 0.56
Total 2.81 1.52 5.96 1.72 79.10 0.66
Stockworks
690800-691060 0.22 1.38 0.05 0.02 4.60 0.03
Extracted from Report 43-101 Technical Report by Adam Wheeler
27

28. Aguas Tenidas – Processing Plant
28

29. Aguas Tenidas - Guidance
Production Unit 2010
Ore Processed t 1.7-1.8M
Copper concentrate DMT 92,000
Zinc concentrate DMT 52,000
Lead concentrate DMT -
Contained copper t 21,000
Contained zinc t 25,000
Contained lead t -
Fine silver oz 580,000
*Per Q2 2010
Average head grade (copper ore) of approximately 2.0% Cu, and
recovery rate of 82% per year.
Average head grade (polymetallic ore) of approximately 5.9% Zn and
recovery of 65-70%; head grade of approximately 1.0% Cu and
recovery of 40-50%.
2010 Operating costs per payable pound of copper of US$ 2.05, with
Q4 costs at US$ 1.70.
29

30. LOM Metal Production (tonnes metal)
Metal Production Life-of-Mine
100,000
90,000
91,126
80,000
70,125 77,448
70,000 74,973
60,000
t
50,000
46,435
42,643
40,000 39,660 43,860
33,220
30,000
29,304 29,873
28,170 27,438 27,923
22,919 26,835
20,000 24,037
8,233 16,092 15,532 19,587
10,000 13,944 9,436
9,879 8,035 8,324
4,530 6,909 7,207
0
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Copper Lead Zinc
Based on figures from September 2009
30

31. Aguas Tenidas– Capex 2009/2010
Year 2010 (000s USD)
Capex
Sustaining 23,017
Plant Projects and equipment 10,187
Mine Development 6,549
Mine Equipment 2,339 For 2010, higher
Mine projects 480 Capex due to plant
Buildings 399 and tailings
Communications infrastructure 336 expansion projects
Licenses 2,597
Other 131 2011+ sustaining
Capex US$ 15-20M
Special - Expansion 14,730
Mine development 4,366
Mine equipment 1,842
Plant projects and equipment 8,522
Exploration 308
Surface diamond core drilling 308
TOTAL 38,055
31

32. Summary
CMC MATSA
• Positive Ramp-up
• On Track and on Plan • New General Manager ensure strong team
• Exploration Potential • Strong underground drilling results
• Future Growth • Metallurgical hurdles overcome
• Excellent Management • Reduced hedge book
• Well positioned for the future
32

33. Appendix
Corporate Summary A-1 Condestable Mine – Deepening A-6
Capital Structure A-2 Condestable Mine – Exploration A-7
Analyst Coverage A-3 Aguas Tenidas Mine – JV Property A-8
Hedging A-4 Board of Directors A-9
Management A-10

34. Corporate Summary
Toronto Venture Exchange listed: IZN
Headquartered in Toronto, with offices in
Lima and Seville
Domiciled in Switzerland, creating a unique
opportunity for the Iberian Group of
companies to optimize the structure of future
transactions
Operations in Peru and Spain
More than 2,000 employees and contract
workers worldwide
Strong management and operations teams
Excellent environmental, social and safety
record
A-1

35. Capital Structure
Balance Sheet (in US$ '000s) June 30, 2010
Cash 18,565
Restricted Cash 3,060
Total Assets 520,109
Long Term Debt 121,808
Convertible Debenture 24,854
Shareholder's Equity 165,383
(All other figures on this page in Cdn$)
Common Shares 338M
Options 10.8M
Warrants1, 2 74.2M IZN three month chart
Fully Diluted 423.2M
(as at Sept 27, 2010)
52 week range $0.39-$0.73
Major Shareholder Market Cap Sept 15 $186.16M
Trafigura Beheer B.V 45.73% Average daily volume (3 mo) 185,744
1 Warrants:
- 22M warrants exercisable at $0.52 each, with 16.7M expiring October 20, 2010, and 5.2M expiring November 26,
2010. If fully exercised, Trafigura’s holding will be approximately 49% of the then current issue of 360,055,865
registered shares
- 44.6M warrants exercisable at $0.56 expiring December 31, 2011
- 7.6M warrants exercisable at $1.30 expiring June 30, 2013.
2 $25M convertible debenture, bearing interest at 7%, payable quarterly in arrears and mature on December 31, 2011.
Exercise of warrants reduces remainder payable.
A-2

36. Analyst Coverage
Institution Analyst
BMO David Cotterell
Canaccord Capital Corp. Orest Wowkodaw
Cormark Securities Inc. Cliff Hale-Sanders
GMP Securities David Charles
Macquarie Capital Markets Canada Ltd Pierre Vaillancourt
Paradigm Capital Jeff Woolley
Versant Partners Anthona Curic
Wellington West Capital Markets Steve Parsons
A-3

37. Hedging
The cornerstone of Iberian's Hedging Policy is the protection of the Company's assets. Management,
reporting to the Hedging Committee, continually reviews the markets in which the Company trades, and
depending on circumstances, decides if any additional or altered hedging is appropriate to enhance the
future cash flow of the Company’s operations while respecting protection of the Company’s assets.
The hedging program for Condestable Mine is fixed and in accordance with the terms of its syndicated loan.
As of June 30, 2010, copper production at the Condestable Mine has been hedged as follows:
Strike price per
Metal Period Contract Type Volume Unit unit (U.S.$) $/lb
Copper July-December 2010 Forward 10,375 Fine metric t 4,419 2.00
Copper 2011 Forward 20,625 Fine metric t 3,494 1.59
Copper January 2012 Forward 1,750 Fine metric t 3,408 1.55
Copper February-December 2012 Put options purchased 5,500 Fine metric t 6,500 2.95
Copper February-December 2012 Call options sold 5,500 Fine metric t 8,760 3.97
Copper January-March 2013 Put options purchased 1,500 Fine metric t 6,500 2.95
Copper January-March 2013 Call options sold 1,500 Fine metric t 8,760 3.97
Gold July-December 2010 Forward 1,200 Fine ounces 741.50
Gold 2011 Forward 2,400 Fine ounces 741.50
A-4

38. Hedging
The hedging program for Aguas Tenidas Mine, as of June 30, 2010 is as follows:
Strike price per
Metal Period Contract Type Volume Unit unit (U.S.$) $/lb
Copper July-December 2010 Forward 1,279 Fine metric t 5,724 2.60
Copper July-December 2010 Call options sold 6,100 Fine metric t 4,200 1.91
Copper 2011 Forward 19,602 Fine metric t 4,865 2.21
Copper 2012 Forward 17,496 Fine metric t 7,390 3.35
Copper January-March 2013 Forward 1,800 Fine metric t 7,319 3.32
Zinc July-December 2010 Forward 1,835 Fine metric t 1,630 0.74
Zinc July-December 2010 Call options sold 4,900 Fine metric t 1,500 0.68
Zinc 2011 Forward 16,848 Fine metric t 1,601 0.73
Zinc 2012 Forward 13,446 Fine metric t 2,042 0.93
Zinc January-March 2013 Forward 1,125 Fine metric t 2,272 1.03
A-5

39. Condestable - Deepening
OPEN PIT RAUL
RP PRINCIPAL
RP FICO
LV +20
LV -20
LV -55
LV -95
LV -130
LV -175
LV -215
DEEPENING LV -255
KARINA VEIN
A-6

40. Condestable - Exploration
Condestable concessions
Raul concessions
Local exploration concessions
District exploration concessions
Concessions Number Size (Ha)
Raul concessions 43 6,600
Condestable concessions 3 1,960
Local exploration concessions 16 4,600
District exploration concessions 47 33,560
Total 109 46,720
5 KM
Iberian has exploration planned for 2010,
on concessions surrounding the mine and
5 KM
regionally.
A-7

41. Aguas Tenidas - Exploration
• The properties, totalling 232 km2 are in
various stages of exploration and many are
contiguous with the Aguas Tenidas
property.
• Located on the Iberian Pyrite Belt- one of
the largest concentrations of sulphides in
the earth’s crust, the area contains eight
known massive sulphide deposits larger
than 100mt along with many smaller
deposits
• By expending $3 million in exploration
expenditures within two years, Cadillac
may earn a 90% participating interest in
the properties.
A-8

42. Board of Directors
Norman Brewster P.Geo, Chairman of the Board, Director – Norman is a geologist who
joined IZN in 2002. He also sits on the board of Cadillac Ventures Inc.
Philippe Blavier, Director – Philippe is Chairman of the Company’s Audit Committee
and a member of the Remuneration Committee of the Company. He has extensive
experience at BNP Paribas, where he was Head of Corporate & Investment Banking
and Member of the Executive Committee.
Jesus Fernandez, Director – Jesus has been part of the Trafigura team since 2004 as
Manager of the Corporate Finance team, with an emphasis on mining and
downstream oil project investments. He joined IZN’s board in 2008.
L. Jack Gunter, P.Eng, FIMM, Director – Jack has over 45 years experience in the mining
industry. He has worked previously with Rio Tinto and Phelps Dodge, and also sits
on the board of Galantas Gold Corp.
Murray John, Director – Murray is an engineer with more than 25 years experience in
the resource industry. He is currently the President & CEO of Dundee Resources.
Jeremy Weir, Director – Jeremy works as Executive Director and Manager at Trafigura,
where he has also been head of the metals derivatives trading structured products
and risk management departments.
Daniel Vanin, Director – Daniel is the President and CEO of Iberian.
A-9

43. Management
Daniel Vanin – P.Eng, President & CEO – Daniel has worked in the mining industry for over 30 years and has strong
international mine development and management skills with extensive experience in Canada, South
America, Africa and Russia. He is a professional mining engineer and graduated from McGill University,
Montreal, in 1975. Most recently, Daniel was Executive VP & Chief Operating Officer at High River Gold.
Prior to that, he was Chief Executive Officer of RBG Resources Plc, in Bolivia, where he managed all
operations, project development and construction at the Vinto smelter and Huanuni tin mine.
Jeff Hillis, CFO - Jeff joined Iberian in June 2009. He has worked in the mining industry for over 5 years in progressively
more senior finance and reporting positions. He most recently served as CFO of a TSX listed mining
company based in Toronto. Jeffrey is a Chartered Accountant (Ontario, 2001). He worked for three years
in the audit group of Ernst & Young with major clients in the mining industry.
Johny Orihuela Avila, Operations Manager, Condestable Mine - Johny is a Mining Engineer, graduated from
Universidad Nacional de Ingeniería in 1990. With a postgraduate degree in Mining Management from
Universidad San Ignacio de Loyola. With extensive experience in the mining industry having worked with
numerous companies including Perubar, Iscaycruz and Exsa, he has worked as a General Superintendent
of Mines at Volcan and General Superintendent at Companía Minera Atacocha. Johny has Operations
Manager at Condestable since November 2005.
Robert L. Byrd, General Manager, Aguas Tenidas Mine - Bob joined Iberian in April of 2010, and has over 30 years in
the mining industry in both base and precious metals, principally in Latin America. He is a graduate of the
Colorado School of Mines, and Boston University. Most recently, Bob was President and General
Manager for Pan American Silver in Bolivia. Prior to that, he held positions with Breakwater Resources Ltd
as General Manager, El Mochito in Honduras, through Vice-President, Latin America overseeing
operations in Honduras, Nicaragua and Chile. Prior to joining Breakwater Bob was employed by ASARCO
at both the Southwest Mining Department, and the Tennessee Mines Division.
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