Mr. Joaquin Merino reports

EMERITA INTERSECTS 6.3 METERS GRADING 0.8% COPPER, 1.6% LEAD, 3.9% ZINC, 2.8 G/T GOLD AND 52.0 G/T SILVER WITHIN A 27.6 METERS THICK MASSIVE SULPHIDE ZONE, EXTENDING LA ROMANERA DEPOSIT AT DEPTH. THREE ADDITIONAL THICK MASSIVE SULPHIDE INTERVALS, ASSAYS PENDING

Emerita Resources Corp. has released additional drilling results from the continuing drilling program at the La Romanera deposit, part of Emerita's wholly owned Iberian Belt West project (IBW). IBW hosts three previously identified massive sulphide deposits: La Infanta, La Romanera and El Cura. Results contained in this release are from the La Romanera deposit, where drilling is tracing the extension of the deposit at depth.

Results herein are from drill holes LR154 and LR155, which have intercepted polymetallic mineralization in the form of a massive-to-semi-massive sulphide lens at approximately minus-450 metres elevation (approximately 600 m below surface).

The encountered mineralization is very similar in both holes and is characterized by a high pyrite content at the hangingwall side of the lens that changes to a more chalcopyrite-sphalerite-dominant zone toward the footwall. The two intercepts are located toward the western edge of the deposit. On the longitudinal section, the two intercepts are approximately 100 m apart. The elevation of the intercepts is shallower than expected because the dip angle of the sulphide zone in this area is not as steep as seen in other areas of the deposit. True thickness is close to 80 per cent of the reported intercept thickness.

In addition to these two holes, drill holes LR156, LR157 and LR158 have all intercepted significant intervals of massive sulphides. LR156 intercepted 37.6 metres of massive sulphide, LR157 intersected 51.6 metres of massive sulphide, and LR158, which is the westernmost drill hole at this depth, intersected 5.5 metres of massive sulphides. Assays are pending for these drill holes, and a more-detailed description will be provided when assays are available.

Drill hole LR154 encountered 6.3 metres grading 0.8 per cent copper, 3.9 per cent zinc, 1.6 per cent lead, 2.82 grams per tonne gold and 52.0 g/t silver within 27.6 metres grading 0.5 per cent copper, 1.5 per cent zinc, 0.6 per cent lead, 1.5 g/t gold and 25.5 g/t silver.

Drill hole LR155 encountered 17.2 metres grading 0.2 per cent copper, 1.3 per cent zinc, 0.5 per cent lead, 0.3 g/t gold and 19.5 g/t silver, including 4.0 metres grading 0.2 per cent copper, 4.7 per cent zinc, 1.5 per cent lead, 0.6 g/t gold and 57.0 g/t silver.

The exploration team performed a down-hole TEM (time-domain electromagnetic) survey in LR155. Results indicate a strong geophysical anomaly (conductor) continues at depth, to be tested by drilling.

Currently, the company has four rigs operating at the La Romanera deposit, with the objective to test the continuity of the mineralization in the area below the current National Instrument 43-101 mineral resource estimate (MRE) and increase the drill density in this area so it can be included in an updated mineral resource estimate after the metallurgical program has been completed.

Drilling productivity continues to be hampered due to restrictions related to the fire ban, such that heavy equipment cannot be operated during the hottest part of the day (approximately 12 p.m. until 8 p.m.). Due to the unusually extended and hot summer weather this year, reservoirs in the area remain at very low levels, and for this reason, restrictions have been extended until approximately mid-October. Once these restrictions are lifted, the company plans to initiate the drilling program at the Nuevo Tintillo project that was announced previously. Permits and access agreements are in place, and the drill contractor is on standby to initiate that program.

The metallurgical samples are being processed at the lab in the United Kingdom. Grinding testwork is complete and mineral separation work is commencing. The metallurgical program is running two to three weeks behind schedule and initial results are now expected in November.

Qualified person

Scientific and technical information in this news release has been reviewed and approved by Joaquin Merino, PGeo, president of the company, a qualified person as defined by NI 43-101.

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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