Ibero Mining Corp. — Capital/Financing Update 2021

Apr 1, 2021

		Form 51-102F3
		Material Change Report
Item	1.	Name and Address of Company
		Goldplay Mining Inc. (the “Company”)
		Suite 650 – 1021 West Hastings St.
		Vancouver, BC V6E 0C3
		Telephone: (604) 655 1420
Item	2.	Date of Material Change
		March 23, 2021.
Item	3.	News Release

The news release announcing the material change has been issued at Vancouver, British Columbia on March 23, 2021, was disseminated via Accesswire and was subsequently filed on SEDAR. Item 4. Summary of Material Change

Goldplay Mining Inc has closed an oversubscribed non-brokered private placement (the “Offering”) of flow-through units of the Company (the “FT Units”) for a total of $443,657 and the first tranche of the private placement for non-flow through units of the Company (the “Non-FT Units”) for a total $441,645, as originally announced in the Company’s press releases dated March 2, 2021, for aggregate gross proceeds to the Company of $885,602. The Company has also raised an additional $940,792 from investors that have exercised their existent warrants.

Item 5. Full Description of Material Change

The Company has issued a total of 2,611,512 FT Units at a price of $0.17 per FT Unit, for gross proceeds of $443,667 and a total of 2,944,298 Non-FT Units at a purchase price of $0.15 per Non-FT Unit, for gross proceeds of $441,635. Each FT Unit and Non-FT Unit is comprised of one "flow-through" share and non-flow through share (a "Common Share") respectively and one half non-transferable common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to purchase one additional Common Share the Company at an exercise price of $0.20 until March 23 2022. For further details on the FT Units and the Non-FT Units, please see the Company’s press release dated March 2, 2021. The proceeds from the sale of the FT Units will be used to fund phase oneof Company’s 2021 exploration program on Company’s Scottie West Project located in theGolden Triangle of BC. The proceeds from the Non-FT Units will be used for general corporate purposes.

All securities issued pursuant to the private placement are subject to a statutory hold period of four months plus one day expiring on July 24, 2021 in accordance with applicable Canadian securities laws, in addition to any other restrictions applicable under the policies of the TSX Venture Exchange or securities laws of jurisdictions outside Canada where the FT Units and Non-FT Units are sold.

In connection with the Offering, the Company paid aggregate cash finders’ fees to qualified finders of $32,502 representing 6% of the gross proceeds in respect of certain subscriptions.

The Company also issued 198,026 non-transferable finders’ warrants to qualified finders, with each finders’ warrant being exercisable to acquire one Common Share at an exercise price of $0.17 until March 23, 2023.

The securities issued pursuant to the Offering have not been nor will they be registered under the United States Securities Act of 1933, as amended, or state securities laws, and may not be offered or sold in the United States or to an account for the benefit of US persons, absent such registration or an exemption from registration. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, sale, or solicitation would be unlawful.

Warrants Exercise & Working Capital

The Company also wishes to announce that pursuant to the Company's news release dated February 24, 2021 whereby certain Company warrants were accelerated to an expiry date of March 24, 2021, the Company has raised an additional $940,792 from investors that have exercised their warrants (the "Warrant Exercise").

Following the completion of the Offering and the Warrant Exercise the Company has a net working capital in excess of $2 million available to begin an ambitious growth strategy.

Item 6. Reliance on subsection 7.1(2) of National Instrument 51-102

Not Applicable.

Item 7. Omitted Information

Not Applicable.

Item 8. Executive Officer

Catalin Kilofliski, CEO, Tel No: 604-655-1420

Item 9. Date of Report Dated at Vancouver, BC, this 1[st] day of April, 2021.