Mr. Ian Parkinson reports

EMERITA ANNOUNCES UPSIZE TO C$25M BROKERED PRIVATE PLACEMENT FINANCING

Emerita Resources Corp. has entered into an engagement letter with Clarus Securities Inc. whereby Clarus and Velocity Trade Canada will act as co-lead agents on behalf of a syndicate of agents pursuant to which the agents will, on a best-efforts agency basis, offer up to 14,285,800 units of the company, at a price per unit of $1.05, for aggregate gross proceeds of up to $15,000,090.

Eric Sprott, one of Emerita's largest shareholders, has agreed to participate in the offering with a lead order of $5-million.

Each unit shall consist of one common share of the company and one-half of one common share purchase warrant. Each warrant shall entitle the holder to purchase one share at a price of $1.30 for a period of 24 months following the closing date.

The units will be offered through the listed issuer financing exemption under Part 5A of National Instrument 45-106 -- Prospectus Exemptions. Because the offering is being completed pursuant to the listed issuer financing exemption, the securities issued in the offering will not be subject to a statutory hold period pursuant to applicable Canadian securities laws.

The net proceeds of the offering will be used by the company to continue the exploration and development work on its Spanish mineral properties as well as general corporate and working capital purposes.

The offering is scheduled to close on or about Aug. 26, 2025, and is subject to certain conditions, including but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange.

There is an offering document prepared in the form prescribed by Form 45-106F19 related to the offering that can be accessed under the company's profile at SEDAR+ and on the company's website. Prospective investors should read the offering document before making an investment decision.

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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