Mr. Mark Kolebaba reports

ADAMERA ACQUIRES NEW GOLD PROJECT - DRILLING EXPECTED TO BEGIN IN OCTOBER

Adamera Minerals Corp. has acquired the rights to explore the Flag Hill South gold property just south of Adamera's Flag Hill gold property near the town of Republic in Washington State.

Adamera has identified, mapped and sampled five individual epithermal quartz veins on the property to date. One vein, the C3 vein, exposed in a shallow adit, measures three metres in width. On surface, it has been traced for more than 200 metres. A rock sample collected from the adit assayed 9.1 grams per tonne gold over 1.2 metres. There is no evidence suggesting this vein or any other veins on the property have ever been tested by drilling. The veins exhibit textures and geochemistry suggesting they represent high-level emplacement of a low-sulphidation epithermal gold system. Adamera's coming drill program will target potential high-grade gold in boiling-zone portions of the system, which is believed to be preserved at shallow depths.

The project was acquired from a private landowner. Under the terms of the agreement, Adamera has the right to explore the property by way of a two-year lease at a cost of $5,000 (U.S.) per year. Adamera has the right to purchase the entire property for $1-million (U.S.) by the end of the third year in two payments. The landowner is entitled to a 2-per-cent production royalty that can be purchased for a total of $1.5-million (U.S.). Access and logistics for the project are excellent. The elevation of the project is 800 metres above sea level. At this elevation, drilling can be completed year-round.

The property is in the Republic gold district, the largest gold-producing area in Washington State.

Reported district production is greater than four million ounces of gold (average grade 24 grams per tonne) and 15.8 million ounces of silver (average grade of 110 grams per tonne) from epithermal veins similar to those mapped on Adamera's Flag Hill and Flag Hill South projects.

Mining in this district ceased in 1996 when Hecla Mining suspended operations.

The property is approximately 10 kilometres from the Kinross Kettle River gold mill and minutes from the historic town of Republic.

Drilling is planned to begin in early October, 2024, as government drill permits are not required for early-stage drilling on private land. The objective of the program is to test multiple veins at depth.

"This project provides Adamera with a low-entry-cost opportunity to drill untested epithermal veins within a large high-grade gold district. It complements our nearby Flag Hill property, where Adamera is seeking BLM [Bureau of Land Management] approval for a spring 2025 drilling program. It amazes me that such veins were prospected in the early days but not drilled by the existing producer. Due to the project's excellent logistics, it can be drilled at low cost, year-round, without having to attain drill permits. The financing currently being completed will fund the first phase of drilling," said Mark Kolebaba, president and chief executive officer of Adamera.

Jim Ebisch, PGeol, is the qualified person as defined by National Instrument 43-101 reviewing the data in this release. The historical information in this release is from private reports and has not been verified by the company; however, it appears to have been completed under standard best practices consistent with the time and appears to be of reasonable quality.

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.

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