Emerita Awards Pre-Feasibility Study Contract for the Iberian Belt West Project to SLR Consulting

Core Viewpoint - Emerita Resources Corp. has awarded the contract for the Iberian Belt West Pre-Feasibility Study to SLR Consulting Limited, with the study expected to be completed in approximately six months [1][2]. Group 1: Project Development - The PFS will be designed to meet NI 43-101 requirements and will represent the first independent third-party evaluation of the IBW project [1][2]. - The PFS will include various components such as mine to mill design, process plant and process flowsheet design, surface infrastructure design, capital and operating cost considerations, and financial analysis [6]. Group 2: Company Background - Emerita Resources Corp. is focused on the acquisition, exploration, and development of mineral properties in Europe, particularly in Spain, with its corporate office in Sevilla and an administrative office in Toronto [4]. - The company has been actively growing mineral resources at the El Cura deposit and has completed infill drilling to convert Inferred Resources to Indicated and Measured categories [2]. Group 3: Qualified Persons - The scientific and technical information in the news release has been reviewed and approved by Joaquin Merino and Dan Oosterman, who are Qualified Persons as defined by NI 43-101 [3].