Mr. Mark Kolebaba reports

ADAMERA INTERSECTS GOLD AND SILVER IN FIRST THREE DRILL HOLES AT FLAG HILL SOUTH, WASHINGTON STATE

Adamera Minerals Corp. has released results from its first three drill holes at the Flag Hill South property in Washington. The results indicate a marked increase in gold-silver grades and vein width with depth supporting the company's interpretation that the property holds viable potential for a high-grade epithermal system, similar to the nearby Knob Hill gold mine.

Drill results include:

• FHS24-01: 1.1 metres of 0.3 gram per tonne gold and 1.0 g/t silver -- elevation 918.5 m;
• FHS24-02: 2.0 m of 3.0 g/t gold and 10.8 g/t silver -- elevation 877 m;
• FHS24-03: 2.2 m of 1.8 g/t gold and 71.2 g/t silver -- elevation 904 m;
• Elevation in metres refers to the intersection point of the eastern margin of the vein.

This clear trend of increasing grades and vein thickness as drilling progresses is comparable with the nearby historic Knob Hill and Golden Promise mines, which together have produced over four million ounces of gold and 15 million ounces of silver. The Knob Hill deposit was mined to a depth of 365 m.

"We are excited by the early results from our Flag Hill South property. An increase in grade with depth and the appearance of microbanding, typical of low-sulphidation epithermal systems, is what we wanted to see," says Mark Kolebaba, chief executive officer of Adamera.

"This drilling has provided vital geochemical and geological evidence that allows us to compare the property with the high-grade Knob Hill and Golden Promise deposits, approximately two km away. The higher silver, selenium and tellurium values with gold is significant, and gives us clear exploration direction and confidence in the potential of the property."

Geological and geochemical insights

The Flag Hill South property is located approximately two kilometres from the Knob Hill and Golden Promise mines, and 14 kilometres from the Kinross Kettle River mill. The historic Knob Hill and Golden Promise mines are low-sulphidation epithermal deposits reportedly containing an average grade of 23 g/t gold. In outcrop and drill core the Flag Hill South veins exhibit textural and geochemical features that suggest the veins are relatively high level in the system above the boiling zone that is capable of producing the bonanza grades of the nearby producers.

Key findings from the 2024 drilling program include:

• Increased grade and vein width at depth: The second and third drill holes showcase the potential for higher-grade mineralization as depth increases. The vein was intersected in drill holes 2 and 3, at 80 and 70 vertical metres, respectively, approximately twice as deep as the vein intersection in the first hole which was at 38 vertical metres. The vein intersections in hole 2 and 3 are essentially twice as thick and contain more than double the gold grade as the vein intersected in hole 1.
• Geochemical pathfinders: The vein intercepted in the third hole collared 111.25 m south of the first two holes reports higher selenium and tellurium values. Up to 40 parts per million selenium and 100 ppm tellurium coincide with significantly higher silver (up to 125 g/t). The increased presence of these and the depletion of sulphur align with the geochemistry of Knob Hill.
• Multiple veins: There are numerous other veins on the property that remain untested. Deeper drilling will intersect these veins. Generally speaking, in a given epithermal system, all the veins will have a boiling zone at approximately the same elevation. Thus, testing the additional veins is now warranted.
• Future plans: The Flag Hill South drilling will focus on drilling deeper to test the continuity and grade of the veins at depth. The next planned drill hole will be collared significantly east of the current drill pads and drilled westward toward the vein. At least five or more other veins are expected to be intersected as the drill advances to the main target at an estimated depth of 180 m below surface. In addition, the company will use detailed ground magnetics to map the numerous and complex veining structures evident on the property.
• Analytical procedures: BTW size drill core was recovered, logged and split using a rock saw. One-half of the core was submitted to Activation Laboratories for crushing, pulverizing and analysis. Gold content was determined by fire assay with AA finish. Multielement analysis was completed using aqua regia with ICP-AES (inductively coupled plasma atomic emission spectroscopy) finish. Additional analysis by PhotonAssay is currently under way.

The company is awaiting overlimits on a sample that reported greater than 100 ppm silver. For the purpose of this release, the sample with greater than 100 ppm silver was analyzed using an Avanta pXRF using a three-beam method with 50 kilovolts. This provides a reliable analysis for silver at this concentration.

Jim Ebisch, PGeol, a qualified geoscientist, has reviewed data associated with the project.

About Adamera Minerals Corp.

Adamera is a gold exploration company focused on the discovery and evaluation of precious metals properties in Washington state. All of the properties are strategically located in districts known for high-grade gold-silver deposits.

We seek Safe Harbor.