16:55:12 EDT Sat 15 Aug 2020
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Adamera Minerals Corp
Symbol ADZ
Shares Issued 150,408,595
Close 2020-07-10 C$ 0.105
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Adamera appoints Adams as director

2020-07-10 09:41 ET - News Release

Mr. Mark Kolebaba reports

ADAMERA APPOINTS NEW BOARD MEMBER AND GRANTS OPTIONS

Adamera Minerals Corp. has appointed Alejandro (Alex) Adams to the company's board of directors. Mr. Adams will replace Geir Liland who is retiring from the role.

Mr. Adams has a degree in public accounting and is a member of the Chartered Professional Accountants of Canada. He has over eight years of experience in the mineral exploration industry. He worked as the corporate controller of Exeter Resource Corp. until it was purchased by Goldcorp Inc. in 2017 and is currently the chief financial officer of Rugby Mining.

"I have worked with Alex through his years with both Exeter Resource Corp. and Extorre Gold Mines Ltd. Given the many audits, financings and corporate arrangements successfully concluded by those companies I am confident Alex will be a solid member of our board," says Yale Simpson, chairman of Adamera Minerals.

"It has been a pleasure working with Geir. For over a decade, he has provided the company with sound guidance and strong governance," says Mark Kolebaba, president and chief executive officer of Adamera. "I would also like to welcome Alex to the board and I look forward to working with him as we enter what I believe could be a significant growth period for the company."

Upon joining Adamera's board of directors, Mr. Adams will be granted 960,000 options at 10 cents, subject to stock exchange approval.

Additionally, the company has, subject to regulatory approval, granted directors, officers and employees of the company incentive stock options to purchase an aggregate of 1.54 million common shares. The options are exercisable until July 9, 2025, at an exercise price of 10 cents per share.

On behalf of the Adamera board of directors, the company would like to thank Mr. Liland for his valuable contribution to the company as an independent director and welcomes Mr. Adams to the board.

About Adamera Minerals Corp.

Adamera is exploring for a high-grade gold deposit near Republic, Wash. This area has reportedly produced over seven million ounces of high-grade gold. Adamera is the dominant regional explorer in the area.

We seek Safe Harbor.

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