Eric Sprott Announces Changes to His Holdings in Emerita Resources Corp

Group 1 - Eric Sprott's corporation, 2176423 Ontario Ltd., acquired 4,760,000 Units of Emerita Resources Corp. at $1.05 per Unit, totaling $4,998,000 [1] - Following the acquisition, Sprott's total beneficial ownership increased to 25,214,544 Shares, representing approximately 8.7% of the outstanding Shares on a non-diluted basis [2] - The acquisition resulted in a decrease in holdings on a partially-diluted basis of approximately 1.2% since the last filing, bringing total holdings below 10%, thus ceasing to be insiders of Emerita Resources Corp. [2] Group 2 - The securities are held for investment purposes, with a long-term view, and Sprott may acquire or sell additional securities depending on market conditions [3]