Mr. Karim Rayani reports

IBERO CONFIRMS UNIT PRICE OF PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT

The unit price for Ibero Mining Corp.'s previously announced non-brokered private placement, referenced in its news release dated Feb. 12, 2026, issued in connection with the partial revocation order granted by the British Columbia Securities Commission, is three cents per unit. This notice corrects and supersedes the original release issued earlier today, and all other terms remain unchanged.

The private placement will consist of 16,666,667 units, accompanied by 16,666,667 common share purchase warrants, for aggregate gross proceeds of $500,000.

Each unit consists of one common share of the company and one common share purchase warrant, with each warrant exercisable to acquire one additional common share at a price of eight cents for a period of 36 months from the date of issuance.

All other terms and conditions of the private placement remain unchanged from those disclosed in the company's Feb. 12, 2026, news release.

About Ibero Mining Corp.

Ibero Mining is a Canadian public company listed on the TSX Venture Exchange and in the United States on the OTCQB. The company is engaged in the acquisition and exploration of brownfield gold and copper-gold projects in Portugal and is focused on advancing high-potential mineral assets in prospective European geological settings. Ibero Mining owns a 100-per-cent equity interest in EVX Portugal, a private Portuguese company that holds the legal exploration rights to the Borba 2 (Miguel Vacas) property under an exploration licence from the Portuguese government. Borba 2 covers approximately 328 square kilometres in the Alentejo region of southern Portugal. Miguel Vacas is the company's flagship asset, representing the most advanced prospect within Borba 2. It includes historical copper production and significant exploration potential, with drilling programs to date intersecting wide zones of mineralization and substantial copper grades. The prospect remains open for expansion along strike and at depth. The company continues to focus its exploration efforts on defining and expanding mineralization at Miguel Vacas and advancing Borba 2 toward a formal resource definition while exploring additional opportunities within the licence area.

We seek Safe Harbor.