Mr. Mark Kolebaba reports

ADAMERA TO SEEK SHAREHOLDER APPROVAL ON A SHARE CONSOLIDATION

Adamera Minerals Corp. has proposed to proceed with a share consolidation on the basis of one new common share for 10 existing shares. The company will be seeking shareholders approval of the consolidation at its upcoming annual general meeting to be held on June 5, 2024.

If the consolidation is approved, the company's issued share capital will be reduced from 238,302,928 shares to approximately 23,830,293 shares.

Upon completion of the consolidation, Adamera will pursue certain financing options available to the company. This is subject to TSX Venture Exchange approval.

About Adamera Minerals Corp.

Adamera Minerals is exploring for a high-grade gold deposit near Republic, Wash. This area has reportedly produced eight million ounces of gold. Adamera is the dominant regional explorer in the area.

We seek Safe Harbor.