Mr. Mark Kolebaba reports

ADAMERA TO CONSOLIDATE COMMON SHARES

Adamera Minerals Corp.'s proposed share consolidation was approved by its shareholders at the company's annual general meeting held on June 5, 2024. The company has since made the required submissions to the TSX Venture Exchange to proceed with a share consolidation on the basis of one new common share for 10 existing shares.

As a result of the consolidation, the company's issued share capital will be reduced from 238,302,928 shares to approximately 23,830,293 shares postconsolidation. Resulting share fractions less than one-half of a share shall be cancelled and fractions of at least one-half of a share shall be rounded up to one whole share.

The company's name will remain unchanged following the consolidation. Adamera's shares will commence trading on the TSX-V on a consolidated basis at the opening of trading on June 13, 2024, under the trading symbol ADZ and in the United States on the OTC (over-the-counter) market as DDNFF. The company's new Cusip number will be 00547Y 20 4 (ISIN CA 00547Y 20 4 2).

Upon completion of the consolidation, which is subject to TSX-V approval, Adamera will pursue certain financing options available to the company.

About Adamera Minerals Corp.

Adamera is exploring for a high-grade gold deposit near Republic, Wash. This area has reportedly produced eight million ounces of gold averaging 14.5 grams per tonne. Adamera is the dominant regional explorer in the area.

We seek Safe Harbor.