Emerita Awarded Public Tender for Key Zinc Project in the Riocin Mining Camp, Cantabria, Northern Spain - Seite 3

Since mid-2016, Emerita has been compiling the historical data into a database with more than 300 drill holes and approximately 73,000 m of diamond drilling. For most of these holes, the core is also preserved in government core shack facilities. After analyzing the data, Emerita selected an area that encompasses 120 claims (3,600 hectares). This area encompasses most of the area of where exploration drill holes are located, including those with high grade intercepts.

The thickness of the mineralized orebodies varies form one meter to 20 meters. The Company has identified three high priority target areas within the selected tender land package, with multiple mineralized intercepts.

According to Joaquin Merino, P.Geo., Emerita's President and CEO: "The granting of the Plaza Norte Project through the public tender process is a great achievement for the Emerita and Aldesa team, which initially identified the opportunity and promoted the tender. Based on a rigorous review of the drilling data, we are confident that we have selected the claims with the highest potential. We are also extremely pleased with the strong support received from the community and government to date. "

Qualified Person

Joaquin Merino is a "qualified person" as such term is defined in NI 43-101 and has reviewed and approved the scientific and technical information included in this press release and has approved its dissemination.

About Emerita Resources Corp.

Emerita is a natural resource company engaged in the acquisition, exploration and development of mineral properties in Europe, with a primary focus on exploring in Spain and Brazil. The Company's corporate office and technical teams are based in Sevilla, Spain and Belo Horizonte, Brazil with an administrative office in Toronto, Canada.

Cautionary Note Regarding Forward-looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the Plazas Norte Project, the Company's ability to complete a financing, the mineralization of the Plaza Norte Project, the operation of JVCo, the support of the local community and governmental authorities, and the Company's future plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Emerita, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; risks associated with operation in foreign jurisdictions; ability to successfully integrate purchased properties or mining rights awarded; foreign operations risks; and other risks inherent in the mining industry. Although Emerita has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Emerita does not undertake to update any forward-looking information, except in accordance with applicable securities laws.