Mr. Ian Parkinson reports

EMERITA ANNOUNCES AIRBORNE MAG-EM GEOPHYSICAL SURVEY OVER WESTERN SPANISH PYRITE BELT

Emerita Resources Corp. will conduct a 1,536-kilometre helicopter time-domain electromagnetic and magnetic aerial geophysical survey over the Iberian belt west project and the adjacent San Antonio exploration project to commence in December, 2025. The survey will cover the existing IBW deposits (La Romanera, El Cura and La Infanta), which will provide signatures to prioritize anomalies associated with the numerous exploration prospects within Emerita's claims.

Program details and strategy

Helicopter-mounted sensors will record a detailed elevation profile of the ground below, while simultaneously measuring electrical and magnetic properties of the rocks up to approximately 500-metre depth below surface. Flight lines will be spaced at 100-metre separation and controlled by a differential GPS navigational system. Xcalibur Smart Mapping, a leading global supplier of aerial geophysical surveys, was selected through a competitive bidding process conducted in September and October, 2025. Program quality assurance/quality control and the interpretation of results will be conducted by Intelligent Exploration of Canada.

The survey area covers the portions of the Iberian pyrite belt within Emerita's claims, including areas known to host accumulations of massive sulphides, as well as areas with high potential for discovery of new resources that may not have strong surface expressions.

Covering areas of known and suspected massive sulphide occurrences with the same investigation will allow the company to compare the signals of the well-studied La Romanera, El Cura and La Infanta deposits with identified prospects and untested areas that could be host to undiscovered resources at depth. This strategy takes advantage of the greater depth of knowledge over IBW and applies it to less known portions of the company's claims to the north and south of IBW. Typically, HTEM surveys identify local zones of high conductivity that can be due to concentrations of metallic minerals. These targets can be compared with the mapped geology and then followed up with detailed groundwork, ultimately leading to drill testing.

Efforts will be made to complete the acquisition phase of the program before the end of December, 2025, weather permitting for low-level flight survey and atmospheric conditions. Processed data deliverables are expected in January, 2026, with review and interpretation to begin between January and February, 2026.

Qualified person

Scientific and technical information in this news release has been reviewed and approved by Joaquin Merino, PGeo, who is a qualified person as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and president of the company. Mr. Merino is not considered independent of the company.

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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