Mr. Mark Kolebaba reports

ADAMERA DRILLING CONFIRMS HIGH-GRADE MINERALIZATION AT OVERSIGHT

Adamera Minerals Corp.'s drill hole OS18-04 has intersected significant gold values on the Oversight target in Washington State. The hole confirms the presence of an emerging zone extending northward from previously intersected high-grade mineralization.

Drill hole OS18-04 intersected a 10.57-metre zone with 2.5 grams per tonne gold including two intervals with 10.2 g/t and 11.2 g/t gold. The intersection is approximately 20 metres north of the 19.4 g/t gold intersection encountered at the bottom of drill hole OS18-02 (see news release dated Sept. 26, 2018).

These new results suggest increasing gold values and thickness northward. The gold mineralization in hole OS18-04 is in clastic sedimentary rocks. A significant amount of gold was mined from clastic sedimentary rocks at the Overlook mine which is located approximately 250 metres to the west. This new gold trend falls within north-northeast-trending induced polarization (IP) anomalies.

 
Hole           From         To   Interval         Au
                (m)        (m)        (m)      (g/t)

OS18-04       73.44      84.01      10.57       2.53
incl.          80.2      84.01       3.81       5.34
incl.          80.5       81.2        0.7       11.2
incl.         82.32      83.24       0.92       10.2
  
True widths of the drill intercepts are not yet 
known.
 

"This is a significant result. The information from our last three drill holes confirms a new north-northeast-trending gold zone situated east of the Overlook mine in an area untested by drilling. Based on this information, we will now set out a drilling plan to test the extent of the zone," stated Mark Kolebaba, president and chief executive officer of Adamera.

The presence of high-grade gold in drill hole OS18-02 and the subsequent absence of significant gold in hole OS18-02B are difficult to explain without additional drilling in the area. Three-dimensional computer modelling of the drill data continues to define an interpreted grade shell that is open to the north. It also indicates that the rocks appear to be dipping to the north.

In summary, OS18-04, which returned the most consistent gold mineralization related to this target, is the most northerly drill hole in the area. Also, OS18-04 was drilled to the northeast. Other nearby drill holes which were drilled with azimuths directed more to the north or south have also returned better gold results in the past than east-west azimuths. Therefore, to further test this target, future drilling will be conducted with southern azimuths from drill sites located to the north since the rocks are dipping to the north.

In addition to the gold zone described above, other zones with anomalous to elevated gold were encountered in the drill hole. Two five-metre-long zones with 0.4 g/t gold were intersected at 12.74 m and 25.11 m. At 93.9 m, a two-metre zone with 1.5 g/t was intersected and at 117.8 metres a one-metre zone with 1.6 g/t gold was intersected.

Martin St. Pierre, PGeoph, is a qualified person as defined by National Instrument 43-101 and has reviewed data associated with the project. Gold analysis was completed by Activation Laboratories using fire assay methods.

About Adamera Minerals Corp.

Adamera Minerals is exploring for a stand-alone, high-grade gold deposit within hauling distance of an existing mill near Republic, Wash. This area has reportedly produced over six million ounces of high-grade gold. Adamera is the dominant regional explorer in the area.

We seek Safe Harbor.