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**IberAmerican Lithium Corp. Announces Filing of Audited Financial Statements for 2023**

Toronto, Ontario–(Newsfile Corp. – March 27, 2024) – IberAmerican Lithium Corp. (CBOE: IBER) (OTCQB: IBRLF) (“**IberAmerican**” or the “**Company**”), a company focused on the exploration of lithium, is pleased to announce that it has filed its audited consolidated financial statements and accompanying management’s discussion and analysis (MD&A) for the full year 2023. These documents can be found on its website at www.iberamericanlithium.com and by reviewing its profile on SEDAR+ at www.sedarplus.ca. All financial figures contained herein are expressed in Canadian dollars unless otherwise noted.

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**Key Highlights of 2023**

– On August 24, 2023, the Company’s wholly owned subsidiary, IberAmerican Lithium Inc., completed a concurrent best-efforts private placement of 36,450,488 subscription receipts for aggregate gross proceeds of $9,112,622. Subsequently on September 1, 2023, the Company announced the completion of its previously announced reverse takeover transaction (the “RTO Transaction”) with IberAmerican Lithium Inc.

– On September 28, 2023, the Company acquired the remaining 30% interest in the investigation permit No 5186 and the application for investigation permit No 5191 related to the Alberta II and Carlota lithium projects, respectively, located in Spain (the “Lithium Projects”) for $1.0 million, from Strategic Minerals Europe Corp. As a result of this acquisition, IBER now holds 100% of the rights to the Lithium Projects.

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**The Company’s Plans for Future Growth and Value**

– The Company finished re-assaying existing core samples with advanced technologies and a focus on lithium. The Company now has 25 samples showing greater than 1.00% concentrations of lithium oxide, an increase of approximately 20% from the number of samples previously reported from the exploration campaign conducted in 2011.

– As at December 31, 2023, the Company had cash and cash equivalents of approximately $3.4 million and no debt.

Jeff Holmgren, Chief Financial Officer of the Company, said, “2023 was a busy year building the foundations of IberAmerican as we know it today. We are well positioned for 2024, to execute on plans to grow our business and shareholder value through various opportunistic pathways amidst the rapid advancement of the green economy.”

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**Proposed Business Combination Agreement with Strategic Minerals Europe Corp.**

Subsequent to the year end, on March 20, 2024, the Company announced that it has entered into a business combination agreement with Strategic Minerals Europe Corp. (“Strategic Minerals”) dated March 19, 2024 (the “Business Combination Agreement”) pursuant to which the Company proposes to acquire all of the issued and outstanding common shares in the capital of Strategic Minerals by way of a three-cornered amalgamation (the “Proposed Transaction”).

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**About IberAmerican Lithium Corp.**

IberAmerican is a hard-rock lithium exploration company focused on advancing its 100% owned Alberta II & Carlota properties located in the Galicia region of northwestern Spain. IberAmerican’s properties are located in a favorable lithium district with world-class infrastructure and a supportive and proactive mining jurisdiction.

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**Cautionary Note Regarding Forward-Looking Information:**

This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates, and projections as of the date of this news release…

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