Mr. Ian Parkinson reports

EMERITA PROVIDES RESPONSE TO DEMAND LETTER

On May 14, 2026, Emerita Resources Corp. received a demand letter from legal counsel to PM Super Fund and the sole director of the trustee of the Super Fund, Wayne Peters, requesting that the company initiate legal proceedings in connection with the Falcon Litio property.

The company has tasked its special committee, comprising independent directors, to direct the company's review of the demand letter and the allegations set out therein and determine the appropriate course of action. The special committee has commenced its review and intends to complete this work expeditiously.

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 its registered office in Toronto, Canada.

We seek Safe Harbor.