Mr. Sun Tian Xiang reports

NEW DIRECTORS, SHARE PURCHASE AGREEMENT AND EXTENSION OF DEADLINE TO HOLD ANNUAL GENERAL MEETING

New Era Minerals Inc. has appointed Lin Guang Ju and Li Guoqing to the board of directors of the company until the next annual general meeting of the shareholders of the company.

Mr. Lin has also entered into a share purchase agreement with the controlling shareholder and former chairman of the company, Cheng Kam On, to purchase all of the issued and outstanding common shares of Haijin Group Ltd., a British Virgin Islands company 100-per-cent owned by Mr. Cheng, which holds 51,333,333 common shares of the company, of which 41,066,666 common shares are being held in escrow pursuant to the requirements of the TSX Venture Exchange. The transfer of beneficial ownership of the escrowed shares is subject to approval from the TSX-V. A request for approval has been submitted.

As a result of the above, the company has received the consents of the British Columbia Registrar of Companies and the TSX-V to extend the date upon which to hold its 2015 annual general meeting from Dec. 31, 2015, to April 30, 2016. The company has tentatively scheduled its annual general meeting on April 29, 2016, in Vancouver, B.C., Canada. The specific time and location of the annual general meeting will be announced in the company's notice of annual meeting of shareholders at a later date.