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News Update

TICKERS: EMO; EMOTF; LLJA

Natural Resources Firm Granted Exploration Permit for West Iberian Belt Project
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Emerita Resources provided details of the planned drill program for its West Iberian Belt Cu-Pb-Zn-Ag Property in Spain.

In a news release, Canadian natural resource company Emerita Resources Corp. (EMO:TSX.V; EMOTF:OTC;LLJA:F) announced that it submitted the initial drill program for its West Iberian Belt Project to the mining authorities in Andalusia, Spain, and the program has been accepted. The firm noted that the West Iberian Belt Project was formerly known as the Paymogo Project.

Emerita Resources advised that as the permitting process for the Department of Mines of Huelva Province requires, Emerita's approved exploration permit is officially published on the Andalusia Mining portal on the Junta de Andalusia website. The company noted that based upon its discussions with the Huelva Environmental Dept., the Infanta area does not have any environmental restrictions that would impact a mineral exploration program. Thus, the Department of Mines will directly issue the authorization to commence the exploration work.

Emerita stated that there are three mineralized areas on the West Iberian Belt Property: La Infanta, El Cura and Romanera, and that the initial drilling will focus on the Infanta deposit, which the firm noted is the zone with the highest grade mineralization on the project.

The company indicated that the first drill program entails around 5,000 meters of drilling in 22 planned drill holes ranging in length from 100-300 meters. The firm stated that the drill program is designed to include a combination of infill and stepout drill holes required to prepare a mineral resource estimate that is both NI 43-101 compliant and meets CIM standards.

The company added that it will proceed with exploration work in the El Cura and Romanera areas after the environmental impact studies submitted by the company have been fully reviewed and approved. The firm advised that "drilling will commence immediately following the required 30 day period during which the reclamation plan for the drill pads has been published for public review on the Government web site which is expected this week."

The West Iberian Belt Project is located approximately 70 km west of Seville, Spain and 50 km from the port city of Huelva. "The municipality of Puebla de Guzman, where La Infanta is located, is actively collaborating with the Company in facilitating the access agreements with the land owners," the company stated.

Emerita Resources' CEO David Gower, P.Geo., remarked, "the Infanta deposit is precious metals enriched. The mineralized intercepts at the Infanta deposit have historical assay values ranging between 100-290 g/t Ag that accompany high grade base metal values."

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Disclosure:
1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
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5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Emerita Resources Corp., a company mentioned in this article.




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