Ibero Mining Corp. — AGM Information 2020

Jan 17, 2020

INDUSTRIA METALS INC. Suite 650, 1021 West Hastings Street Vancouver, B.C. V6E 0C3

NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS

TO THE SHAREHOLDERS:

NOTICE IS HEREBY GIVEN that the Annual General Meeting (the “Meeting”) of the shareholders of Industria Metals Inc. (the “Company”) will be held at the Company’s offices, Suite 650, 1021 West Hastings Street, Vancouver, British Columbia, V6E 0C3 on Monday, February 10, 2020 at 10:00 a.m. (Vancouver time) to transact the usual business of an annual general meeting and for the following purposes:

1. To receive and consider the audited financial statements for the Company for the fiscal period ended December 31, 2018, including the accompanying notes and the auditor’s report and the annual Management Discussion and Analysis together with the interim financial statements for the period ended September 30, 2019.

2. To appoint an auditor for the Company to hold office until the close of the next annual general meeting and to authorize the directors to fix the remuneration to be paid to the auditor of the Company.

3. To set the number of directors of the Company at three (3).

4. To elect directors to hold office until the close of the next annual general meeting.

5. To consider, and if deemed advisable, to approve the Company’s Incentive Stock Option Plan (the “Plan”) which allocates and reserves for issuance up to 10% of the Company’s issued common shares for the purpose of granting options under the Plan, as more particularly described in the Information Circular.

6. To transact such other business as may properly come before the meeting or any adjournment or adjournments thereof, without notice.

Shareholders of record on the Company’s books at the close of business on January 3, 2020 are entitled to notice of and to attend and vote at the Meeting or at any postponement or adjournment thereof. Pursuant to the Company’s governing documents, each Common Share is entitled to one vote.

An Information Circular accompanies this Notice and contains details of matters to be considered at the Meeting. No other matters are contemplated, however, any permitted amendment to or variation of any matter identified in the Notice may be properly considered at the Meeting. The Meeting may also consider the transaction of such other business as may properly come before the Meeting or any adjournment thereof.

Registered shareholders who are unable to attend the Meeting in person and who wish to ensure their shares are voted at the Meeting are asked to complete, date and sign the enclosed form of Proxy, or another suitable form of proxy, and deliver it in accordance with the instructions set out in the form of proxy and in the Information Circular.

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Non-registered (beneficial) shareholders who plan to attend the Meeting must follow the instructions set out in the Proxy or voting instruction form to ensure their shares are voted at the Meeting. If you hold your shares in a brokerage account, you are a non-registered (beneficial) shareholder.

A copy of the annual audited consolidated financial statements of the Company for its financial year ended December 31, 2018 and the auditor’s report thereon, together with the corresponding management discussion and analysis as well as the interim financial statements for the period ended September 30, 2019, together with the corresponding management discussion and analysis are also being mailed to those shareholders who have requested a copy. These documents, along with news releases which describe important recent events material to the Company, may also be obtained on SEDAR at www.sedar.com.

DATED at Vancouver, B.C. this 6[th] day of January, 2020.

BY ORDER OF THE BOARD INDUSTRIA METALS INC.

“Catalin Kilofliski”

Catalin Kilofliski, Chief Executive Officer