Trafigura Beheer B.V. Holdings in Iberian Minerals Corp. (TSX-V: IZN)

TORONTO , Oct. 21 /CNW/ - Trafigura Beheer B.V. ("Trafigura") announces that today it acquired 16,761,905 common share purchase warrants (the "Warrants") of Iberian Minerals Corp. ("Iberian"), each Warrant being exerciseable into one (1) common share of Iberian (a "Common Share") at a price of $0.52 per share, until October 16, 2010 . The Warrants were issued pursuant to a bridge financing of up to US$21,000,000 by Trafigura to Minas de Aguas Tenidas, S.A., a wholly-owned subsidiary of Iberian, which bridge financing was announced by Iberian in its October 2, 2009 press release.

Trafigura now owns, or exercises control or direction over an aggregate of 154,582,163 Common Shares, which represent approximately 45.73% of the outstanding Common Shares. If all Warrants are exercised, and assuming no further Common Shares are issued, Trafigura would hold 171,344,068 Common Shares, representing approximately 48.29% of the then outstanding Common Shares.

Trafigura holds its interest in Iberian for investment purposes.

Trafigura Beheer B.V. is one of the world's leading international commodity traders, specializing in the oil, minerals and metals market, with 60 offices in 42 countries in Europe , North America , Latin America, Africa , Asia and Australia .

This press release has been issued in order to comply with applicable securities legislation.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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