Emerita Provides Update on the Falcon Litio MG Project and Completes Continuance into the Province of Ontario - Seite 2

To view Figure 1 "Location of the Project permit relative to the producing CBL lithium mine", please visit the following link: http://media3.marketwire.com/docs/Figure1_Emerita.pdf

Corporate Update

Emerita also announces that it has continued from the Province of British Columbia to the Province of Ontario (the "Continuance") pursuant to a special resolution passed by Emerita shareholders at the annual and special meeting of Emerita shareholders held on May 31, 2017. Further details regarding the Continuance are set out in Emerita's management information circular dated May 2, 2017 filed under Emerita's SEDAR profile at www.sedar.com.

Qualified Person

Dr. Fernando Tallarico, P.Geo., 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. Dr. Tallarico is considered independent of Emerita.

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 team are based in Sevilla, Spain 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 Project, the Company's ability to exercise the Option, the mineralization of the Project, the ability of the Company to be granted any mining rights 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.