Ibero Mining Corp. — Capital/Financing Update 2021

Nov 24, 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

November 24, 2021.

Item 3. News Release

The news release announcing the material change has been issued at Vancouver, British Columbia on Nov 24, 2021, was disseminated via Accesswire and was subsequently filed on SEDAR.

Item 4. Summary of Material Change

Goldplay Mining Inc. (or the “Company”), has announced that it has arranged and closed a total of $610,000 in Flow-Through Financing

Item 5. Full Description of Material Change

Goldplay is pleased to announce that it has arranged and closed a non-brokered private placement of flow-through units of the Company (the “FT Units”) for a total of $610,000 with two institutional investors.

The Company has issued a total of 3,588.236 FT Units at a price of $0.17 per FT Unit, for gross proceeds of $610,000.

Each FT Unit is comprised of one "flow-through" share (a "Common Share") 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 November 24, 2022. Proceeds from the sale of FT shares will be used to incur Canadian exploration expenses as defined in subsection 66.1(6) of the Income Tax Act and flow-through mining expenditures as defined in subsection 127(9) of the Income Tax Act. The proceeds from the sale of the FT Units will be used to fund eligible exploration expenditures on Company’s projects in British Columbia.

All securities issued pursuant to the private placement are subject to a statutory hold period of four months plus one day expiring on November 25, 2022 in accordance with applicable Canadian securities laws.

In connection with the Offering, the Company paid aggregate cash finders’ fees to qualified finders of $36,600 representing 6% of the gross proceeds raised. The Company also issued 215,294 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 November 24, 2023.

The financing is subject to receiving the final approval of the Toronto Stock Exchange Venture.

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 24thday of November, 2021.