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September 2010
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
Forward Looking Statements
Key Messages
3
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
4Source: Bloomberg as at September 3, 2010; NAVs based on research analyst consensus.
Price to Net Asset Value Comparison
0.0X
0.2X
0.4X
0.6X
0.8X
1.0X
1.2X
Fra
nc
on
ia
Du
luth
Po
lyM
et
Ibe
ria
n
An
vil
Au
gu
sta
Am
eri
go
Mir
ab
ela
Me
rca
tor
Bre
ak
wa
ter
Fa
rall
on
Imp
eri
al M
eta
ls
Qu
ad
ra F
NX
Ta
se
ko
Ka
tan
ga
Lu
nd
in
Ca
ps
ton
e
Fir
st
Qu
an
tum
Inm
et
Te
ck
Hu
dB
ay
Eq
uin
ox
Pri
ce
/Ne
t A
ss
et
Va
lue
Developer Producer
(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 $20.002011E $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
5
Consensus Estimate Cu Eq. Production(1)
, 2010-2012
0
25
50
75
100
125
150
175
200
Fir
st Q
uan
tum
Lu
nd
in
Equ
inox
Inm
et
Qu
adra
FN
X
Ka
tan
ga
Hu
dB
ay
Ibe
ria
n
Ca
psto
ne
Tase
ko
Bre
akw
ate
r
Mira
be
la
Impe
ria
l M
eta
ls
Merc
ato
r
Am
erig
o
Fara
llon
An
vil
Glo
beS
tar2
01
0E
Cu
Eq P
rodu
ction
(kt)
337
Source: Research analyst consensus
2010E Production
2011E Production 2012E Production
333
0
25
50
75
100
125
150
175
200
First Q
uan
tum
Lu
nd
in
Qu
adra
FN
X
Inm
et
Eq
uin
ox
Kata
ng
a
Hu
dB
ay
Iberi
an
Mir
abe
la
Tase
ko
Ca
psto
ne
Me
rca
tor
Bre
akw
ate
r
An
vil
Am
eri
go
Imp
eria
l M
eta
ls
Fa
rallo
n
Glo
be
Sta
r2011
E C
u E
q P
rodu
ction
(kt)
0
25
50
75
100
125
150
175
200
First Q
uan
tum
Lu
ndin
Ka
tan
ga
Qu
adra
FN
X
Equ
inox
Inm
et
Hu
dB
ay
Iberi
an
An
vil
Mir
ab
ela
Merc
ato
r
Ca
psto
ne
Taseko
Bre
akw
ate
r
Am
eri
go
Fara
llon
Imp
eri
al
Me
tals
Glo
be
Sta
r201
2E
Cu
Eq
Pro
du
ctio
n (kt)
354
6
Source: Research analyst consensus
0
20
40
60
80
100
120
140
160
First Q
ua
ntu
m
Eq
uin
ox
Lu
nd
in
Qu
ad
ra F
NX
Inm
et
Ka
tan
ga
Ibe
ria
n
Hu
dB
ay
Ca
psto
ne
Tase
ko
Imp
eri
al
Me
tals
Am
eri
go
An
vil
Me
rca
tor
Glo
be
Sta
r
Fa
rallo
n
Bre
akw
ate
r
Mir
ab
ela
20
10
E C
u P
rod
uct
ion
(kt)
328
0
20
40
60
80
100
120
140
160
Fir
st Q
ua
ntu
m
Eq
uin
ox
Qu
ad
ra F
NX
Lu
nd
in
Ka
tan
ga
Inm
et
Ibe
ria
n
Hu
dB
ay
Tase
ko
Cap
sto
ne
An
vil
Imp
eri
al
Me
tals
Am
eri
go
Me
rca
tor
Glo
be
Sta
r
Mir
ab
ela
Fa
rallo
n
Bre
akw
ate
r
20
11E
Cu
Pro
du
ctio
n (kt
)
298
0
20
40
60
80
100
120
140
160
First Q
ua
ntu
m
Eq
uin
ox
Qu
ad
ra F
NX
Ka
tan
ga
Lu
ndin
Inm
et
An
vil
Ibe
rian
Cap
sto
ne
Taseko
Hu
dB
ay
Me
rcato
r
Am
eri
go
Impe
rial
Meta
ls
Glo
beS
tar
Mira
bela
Fa
rallo
n
Bre
akw
ate
r
20
12E
Cu
Pro
du
ctio
n (k
t)
174 287
Consensus Estimate Cu Production, 2010-2012
2011E Production 2012E Production
2010E Production
0
100
200
300
400
500
Co
pp
er
Eq
uiv
ale
nt P
rod
ucti
on
(M
M lb
)
Capstone Iberian Quadra FNXBreakwater
12E11E10E 12E11E10E 12E11E10E 12E11E10E
7
(1) Commodity price based on street consensusGold 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 $20.002011E $1,200 $19.00 $3.49 $1.00 $1.01 $9.00 $1,675 $475 $19.50 $18.502012E $1,150 $17.63 $3.25 $1.06 $0.95 $8.52 $1,600 $475 $17.50 $16.50
CAGR - compound annual growth rate
Mid-Cap Cu / Zn Producers Growth Comparison (1)
� 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 $50M financing at Aguas Tenidas (April 2010)
� Received €10,093,472 Grant from Junta De Andalucia (June 2010)
� Completed 30% expansion of Aguas Tenidas Plant – now at 2.2mtpa (September 2010)
� Drill program initiated at Condestable (September 2010)
8
Recent Accomplishments
9
Condestable
� Maintain Condestable in steady state of production
� Local and regional exploration
Aguas Tenidas
� Declared commercial production (October 2009)
� 30% planned production increase completed – now 2.2mtpa
Corporate
� Growth opportunities – base metals in North/South America or Europe/Middle
East/Africa regions
� Leverage Trafigura relationship
� Focus on key values, broad recognition for social and environmental
responsibilities, and enhancing value for our shareholders
Key Goals
10
� Consists of two mines– Condestable and Raul.
� Located 90km from Lima, with excellent access
to infrastructure
� Copper mineralization at Condestable occurs in
stratiform sulphide-rich replacement bodies
(mantos) and crosscutting sulphide bearing
quartz veins
� Acquired in early 2008, IZN holds 98.7%
ownership of Compania Minera CondestableCondestable
Mine
Lima
Condestable - Location
11
Condestable Mine, Peru
� 5th largest copper producer in Peru
• 2009 Processed – 2,165,000t, with
1.21% Cu head grade
• 2009 Produced – 95,339 DMT of
copper concentrate with 25% Cu
grade
• 2009 cash operating cost US$ 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
Condestable– Key Facts
13
Condestable - Geology
Raul MineCondestable Mine
14
Extracted from SRK Consulting 43-101 Technical Report dated January 2009
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
Condestable – Resources & Reserves
15
Condestable – Operations
Condestable - Guidance
16
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
� 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.
*Per Q2 2010
17
New exploration prospects
N
PACIFICO SUR80 Ha
CERRO PACAY210 Ha
CERRO PERICO175 Ha
VINCHOS SUR85 Ha
SAN MARCOS
CONDESTABLE 10
New prospects
MALA
N
MINE
18
Cerro Pacay (IOCG)
N SNros.174-175Nros:104-126 Cu 0.73%
Nros: 1684 – 1699 Cu 0.91%
Sample Nro. 174
Vein – fault de 0.3 m, 230º/80NW,
boxes of diorita
Cu: 7.73%
Au: 12.1 g/t
Ag: 18.25 ppm
Sample Nro. 175
Structure 340ºN, cataclastita,
with quartz veins of 0.1m
Cu: 7.93%
Au: 6.07 g/t
Ag: 19.4 ppm
Activities to Develop (Oct – Dec 2010)
Scale1:2,000 210 Ha
Trenches and geochemical sampling
Nros:1648-1656 Cu 1.14%
Condestable - Capex/Exploration
19
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
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.
� Located in the Andalucia province of Huelva in southwest Spain.
� 80km from Huelva, 120 km from Seville.
� Part of a roughly east-west striking chain of VMS deposits which includes:
20
Aguas Tenidas – Mine Location
Aguas TenidasRio Tinto
Huelva
Cadiz
Seville
- Rio Tinto (EMED Mining)
- Las Cruces (INMET Mining)
- Aznolcollar (Boliden)
- Aljustrel (Almina)
- Neves Corvo (Lundin Mining)
21
Aguas Tenidas Mine, Spain
Paste Plant
Processing Plant
Orange Farm
Main Offices
Tailings Dam
� 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
Aguas Tenidas– Key Facts
23
Aguas Tenidas – Operations
24
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
Aguas Tenidas – Measured and Indicated Mineral Resources at 30th June, 2009
Extracted from Report 43-101 Technical Report by Adam Wheeler, 11 September 2009
Combined Resources
Class Mt
Measured 11.72
Indicated 15.78
Total 27.50
Aguas Tenidas – Resources
25
Reserve
Category
Tonnes
MtCu % Zn % Pb % Ag g/t Au g/t
NSR
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
Aguas Tenidas – Proven and Probable Mineral Reserves at 30th June, 2009
Reserve Category Mt
Proven 4.85
Probable 14.36
Total 19.21
Aguas Tenidas - Reserves
Extracted from Report 43-101 Technical Report by Adam Wheeler, 11 September 2009
26
X =
69038
0
Long section view of Aguas Tenidas Resource Limits from Adam Wheeler 43-101
Aguas Tenidas– Long Section
Inferred 10.6MT Proven & Probable 19MT
27
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
Aguas Tenidas – Inferred Resources
Extracted from Report 43-101 Technical Report by Adam Wheeler
Aguas Tenidas – Processing Plant
28
29
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
� 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.
Aguas Tenidas - Guidance
*Per Q2 2010
LOM Metal Production (tonnes metal)
30
9,879
22,91929,304 29,873
28,17026,835 27,438 27,923
24,037
8,3244,530 6,909 7,207 8,035
13,944 16,092 15,532 19,5879,436
8,233
33,220
42,643
39,660
46,435
70,125 74,97377,448
91,126
43,860
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
100,000
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
t
Metal Production Life-of-Mine
Copper Lead Zinc
Based on figures from September 2009
31
Year 2010 (000s USD)
Capex
Sustaining 23,017
Plant Projects and equipment 10,187
Mine Development 6,549
Mine Equipment 2,339
Mine projects 480
Buildings 399
Communications infrastructure 336
Licenses 2,597
Other 131
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
� For 2010, higher
Capex due to plant
and tailings
expansion projects
� 2011+ sustaining
Capex US$ 15-20M
Aguas Tenidas– Capex 2009/2010
32
Summary
CMC
• On Track and on Plan
• Exploration Potential
• Future Growth
• Excellent Management
MATSA
• Positive Ramp-up
• New General Manager ensure strong team
• Strong underground drilling results
• Metallurgical hurdles overcome
• Reduced hedge book
• Well positioned for the future
Corporate Summary A-1
Capital Structure A-2
Analyst Coverage A-3
Hedging A-4
Condestable Mine – Deepening A-6
Condestable Mine – Exploration A-7
Aguas Tenidas Mine – JV Property A-8
Board of Directors A-9
Management A-10
Appendix
� 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
Corporate Summary
Common Shares 338M
Options 10.8M
Warrants1, 2 74.2M
Fully Diluted 423.2M(as at Sept 27, 2010)
Major Shareholder
Trafigura Beheer B.V 45.73%
A-2
IZN three month chart
52 week range $0.39-$0.73Market Cap Sept 15 $186.16MAverage daily volume (3 mo) 185,744
Balance Sheet (in US$ '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$)
Capital Structure
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 $25M convertible debenture, bearing interest at 7%, payable quarterly in arrears and mature on December 31, 2011.
Exercise of warrants reduces remainder payable.
A-3
Analyst Coverage
Institution Analyst
BMO David Cotterell
Canaccord Capital Corp. Orest Wowkodaw
Cormark Securities Inc. Cliff Hale-Sanders
GMP Securities David Charles
Macquarie Capital Markets Canada Ltd Pierre Vaillancourt
Paradigm Capital Jeff Woolley
Versant Partners Anthona Curic
Wellington West Capital Markets Steve Parsons
A-4
The cornerstone of Iberian's Hedging Policy is the protection of the Company's assets. Management,
reporting to the Hedging Committee, continually reviews the markets in which the Company trades, and
depending on circumstances, decides if any additional or altered hedging is appropriate to enhance the
future cash flow of the Company’s operations while respecting protection of the Company’s assets.
The hedging program for Condestable Mine is fixed and in accordance with the terms of its syndicated loan.
As of June 30, 2010, copper production at the Condestable Mine has been hedged as follows:
Hedging
Metal Period Contract Type Volume Unit
Strike price per
unit (U.S.$) $/lb
Copper July-December 2010 Forward 10,375 Fine metric t 4,419 2.00
Copper 2011 Forward 20,625 Fine metric t 3,494 1.59
Copper January 2012 Forward 1,750 Fine metric t 3,408 1.55
Copper February-December 2012 Put options purchased 5,500 Fine metric t 6,500 2.95
Copper February-December 2012 Call options sold 5,500 Fine metric t 8,760 3.97
Copper January-March 2013 Put options purchased 1,500 Fine metric t 6,500 2.95
Copper January-March 2013 Call options sold 1,500 Fine metric t 8,760 3.97
Gold July-December 2010 Forward 1,200 Fine ounces 741.50
Gold 2011 Forward 2,400 Fine ounces 741.50
The hedging program for Aguas Tenidas Mine, as of June 30, 2010 is as follows:
A-5
Hedging
Metal Period Contract Type Volume Unit
Strike price per
unit (U.S.$) $/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-6
RP PRINCIPALRP FICO
LV +20
LV -175
LV -55
LV -130
DEEPENING
LV -20
LV -95
LV -215
LV -255
OPEN PIT RAUL
KARINA VEIN
Condestable - Deepening
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
A-7
5 KM5 K
M
Iberian has exploration planned for 2010,
on concessions surrounding the mine and
regionally.
Condestable - Exploration
A-8
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.
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
Board of Directors
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.
A-10
Management
