Mr. Ian Parkinson reports

EMERITA ANNOUNCES BOARD AND MANAGEMENT TRANSITIONS

David Gower, chief executive officer, director and co-founder of Emerita Resources Corp., and Larry Guy, chairman of the company have resigned from their roles, effective immediately. Mr. Gower will be replaced by Joaquin Merino as interim chief executive officer while the company conducts a search for a replacement chief executive officer. David Patterson will replace Mr. Guy as chairman

Mr. Gower and Mr. Guy have voluntarily resigned given their presence as directors and officers has created unnecessary distractions for the company in light of the recently announced untested allegations by the Ontario Securities Commission. Each of Mr. Gower and Mr. Guy strongly disputes the allegations and intends to contest the proceeding. They will continue to provide technical and administrative support to the company in a consulting capacity during this period of transition in order to avoid any disruption to the continuing advancement of the company's key activities in Spain, in particular as it relates to coming development, technical and regulatory milestones for the Iberian Belt West project (IBW).

The company expresses its sincere appreciation for the leadership, commitment and contributions of each of Mr. Gower and Mr. Guy.

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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