Mr. Mark Kolebaba reports

ADAMERA RECEIVES BLM APPROVAL TO DRILL MULTIPLE TARGETS ON BUCKHORN 2.0 GOLD PROJECT

Adamera Minerals Corp. has been granted permission to drill eight targets on Bureau of Land Management (BLM) managed land on the Buckhorn 2.0 gold property near the former Buckhorn gold mine in Washington State. Applications for drilling on state and U.S. Forest Service lands are pending.

On the BLM land, the priority target is VTEM1, which was tested with a single drill hole in 2022. Gold was intersected on both sides of a massive magnetite intersection. An upper zone assayed four grams per tonne gold over 1.6 metres and a lower zone assayed four g/t gold over 1.2 m. The two intersections were separated by an 8.8-metre-wide magnetite zone that assayed 0.2 g/t gold.

Additional holes around the 2022 drill hole on VTEM1 are required to determine if the widths/grades of the gold-enriched zones increase laterally and down dip. More information on the VTEM1 target will be released in the coming weeks.

A brief description of each target and the location relative to the Buckhorn mine is provided in the attached table.

Mark Kolebaba, president and chief executive officer of Adamera, stated: "The objective of our drilling program is to test 15 to 20 targets. This would be a significant increase from our 2022/2023 program of only four tests out of 43 targets. It is worth noting that of the four targets tested in our first drill program, VTEM1, yielded some very encouraging results that more than justify follow-up."

The Buckhorn gold deposit is reported to have been an electromagnetic and magnetic anomaly with some geochemical support. These parameters fit well with the targets Adamera has developed and selected for drilling. The Buckhorn gold mine was operated by Kinross Gold Corp. from 2008 to 2017 and produced 1.3 million ounces of gold at a grade of about 13 g/t.

Martin St. Pierre, PGeo, a qualified person as defined by National Instrument 43-101, 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.

We seek Safe Harbor.