Emerita Granted Two Additional Properties in the IBW Area, “San Antonio” and “Terranova” Exploration Permits and Enters Into Agreement to Acquire the Nueva Celti Project in Andalusia, Spain

Core Points - Emerita Resources Corp. has received exploration permits for the San Antonio and Terranova claims, adding 181 hectares to its holdings in the Iberian Pyrite Belt, bringing the total to 8,144 hectares [1][2] - The San Antonio license is strategically located along the geological trend of the La Romanera deposit, while the Terranova license extends the mineral property close to the Portugal border [2] - The new permits enhance Emerita's land position in the IBW project area, which is expected to have new mining infrastructure installed [3] - The San Antonio license includes a historic mine known as the Gibraltar Mine, which was noted for its rich copper content [3] - The Terranova license contains several historic small-scale mines, including Vuelta Falsa and Trimpancho, which are likely part of the same hydrothermal system [4] Nueva Celti Project Acquisition - Emerita has entered into a letter of intent to acquire Western Metallica's Spanish subsidiary, which holds 100% ownership of the Nueva Celti Project, located in Seville, Spain, covering 1,237 hectares [6][7] - The Nueva Celti Project has a rich mining history and existing underground development, with historic grades of up to 5% copper reported [7] - Recent drilling by Western Metallica confirmed mineralization at depth, indicating potential for resource expansion [9] - The acquisition requires a payment of CAD$150,000 in cash and CAD$250,000 in Emerita shares, subject to customary closing conditions [14]