Mr. Mark Kolebaba reports

ADAMERA RECEIVES DRILL RESULTS FOR VTEM-30

Adamera Minerals Corp. has received assay results from two drill holes that tested the VTEM-30 (versatile time domain electromagnetics) target on the Buckhorn 2.0 gold property in Washington state. No significant gold values were reported.

While these results are disappointing, the fact that Adamera drilled such impressive sulphide intercepts on a blind target means the company's methodology is effective. The VTEM-30 target is large, measuring approximately 1,050 m by 650 m. The nearby Buckhorn gold deposit is contained within a significantly larger geophysical anomaly, similar in size to the VTEM 30. This implies that drilling from a single site on VTEM-30 may not have fully tested the gold potential of the anomaly.

"We have many impressive geophysical targets in close proximity to the Buckhorn mine that have yet to be tested. To this extent, I am frustrated that market conditions are such that we only got to drill one feature in 2023. Our geophysical targeting has proven effective in identifying sulphide bodies, so we must persist towards a discovery. The proximity to a high-grade orebody certainly strengthens our commitment to test these targets," says Mark Kolebaba, president and chief executive officer of Adamera.

Adamera has essentially tested four separate targets on the Buckhorn 2.0 property and will continue to evaluate more than 30 untested targets for exploration drilling. The company is considering the application of new geochemical techniques to assist in target prioritization.

The Buckhorn gold mine is located 1.5 kilometres from the VTEM-30 target and is within a similar geological setting. The Buckhorn mine produced 1.3 million ounces of gold at a grade of about 13 grams per tonne.

Martin St. Pierre, PGeo, has reviewed data associated with the project.

About Adamera Minerals Corp.

Adamera Minerals is exploring for a high-grade gold deposit near Republic, Wash. This area has reportedly produced eight million ounces of gold. Adamera is the dominant regional explorer in the area.

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