Mr. Joaquin Merino reports

EMERITA ANNOUNCES APPOINTMENT OF NEW INDEPENDENT DIRECTOR

Emerita Resources Corp. has appointed Joseph Belan to the company's board of directors, effective immediately, as an independent director.

Mr. Belan is chairman and chief executive officer of merchant bank Karst Capital Partners, and brings over 25 years of investment banking and private equity experience globally. Mr. Belan has held senior M&A (merger and acquisition) roles in global financial institutions including Credit Suisse First Boston, Goldman Sachs and UBS, as well as managing director of Swiss-based Pala Investments, a $1-billion (U.S.) multistrategy investment firm focused on the metals and mining sector. Mr. Belan also brings senior investment and executive experience in complicated restructurings, buyouts, acquisitions, and strategic repositioning in the mining and industrial sectors and previously served as a senior adviser to the Canada Pension Plan Investment Board.

Emerita's chief executive officer and president, Joaquin Merino, commented: "Mr. Belan is a welcome addition to the Emerita board of directors, bringing to the company a wealth of transactional, investment and management experience in the mining sector. His impressive credentials include positions at globally respected financial institutions, and his professional network internationally will support Emerita to access capital and broaden our shareholder base while building a solid financial and operational foundation as we continue to move forward on our strategy for the development of the Iberian Belt West project. We look forward to working with Mr. Belan and our other recently announced independent director, Agne Ahlenius, to take the company to the next level."

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. The company's corporate office and technical team are based in Sevilla, Spain, with an administrative office in Toronto, Canada

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