EMO:TSX.V; EMOTF:OTCMKTS; LLJ:FSE

Emerita Resources Corp.

Emerita is a natural resource company engaged in the acquisition, exploration and development of mineral properties in southern Spain, with a primary focus on developing its high grade copper – zinc – silver deposits at the Iberia Belt West project. The Company’s technical office and technical team are based in Andalusia, Spain with an corporate office in Toronto, Canada.

EMO:TSX.V EMOTF:OTCMKTS LLJ:FSE

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Best Gold and Silver Mining Discoveries of April

Streetwise Reports (05/12/2023)

Today we review the most impressive drill and resource estimate results reported on Streetwise Reports in April. Read to see the results and what experts are saying about some of these prolific mining companies.

Tags: GoldSilver

Spanish Company Continues Exploration Success

Streetwise Reports (05/11/2023)

Emerita has released assay results from its drilling on the Iberian Belt West project. Click here to find out how many pounds of gold the company found.

Tags: GoldSilver

Resources Co. Continues To Deliver Golden Results

Streetwise Reports (04/07/2023)

Emerita Resources Corp. has released assay results from two of its properties on the Iberian West Belt. Click here for insight into the results and their future plans for other deposits.

Tags: SilverGold

New Finds at Historic Mine

Streetwise Reports (02/21/2023)

Earlier this month Emerita Resources Corp. announced it had made new finds at one of the oldest mining sites in history. Read more to see the release, what experts are saying, and where the company is headed for the rest of 2023.

Tags: Critical MetalsBase Metals

Exploration Project on Track To Reach Milestones in 2023

Research Report

Varun Arora (12/07/2022)

"Significant" news flow from the Spanish polymetallic property should lead to a "strong rerating" of the company, noted a Clarus Securities report.

Tags: GoldBase MetalsSilver

Resources Co. Has 'Significant Fundamental Value' Despite Outstanding Trial

Research Report

Adam Schatzker (12/05/2022)

Uncertainty about this Spanish asset remains, but the Canadian explorer has other projects in the country providing value and upside, noted a Research Capital Corp. report.

Tags: GoldSilver

The Tipping Point

Contributed Opinion

Dr. Jim Jones (11/08/2022)

Expert Dr. Jim Jones shares his extensive research on Emerita Resources Corp. to tell you why he believes this is only the tipping point for the company and what catalysts he sees up and coming.

Tags: GoldCritical MetalsBase Metals

With 14 Active Rigs, Co. Lines Up Another Deposit To Drill

Research Report

Adam Schatzker (11/04/2022)

Given the amount of drilling happening at this Spanish project and the new drill data so far, it is likely the new resource estimate will exceed the historical one, noted a Research Capital Corp. report.

Tags: GoldBase MetalsSilver

Steady News Stream Expected From Exploration Co.

Research Report

Adam Schatzker (10/19/2022)

With 13 active drill rigs at its project in Spain, this Canadian mining firm should continue announcing results over the near term, noted a Research Capital Corp. report.

Tags: GoldBase MetalsSilver

Analyst Calls Romanera Project 'A Mine in the Making'

Streetwise Reports (10/06/2022)

Friday, Emerita Resources Corp. announced drill results for its fully-permitted La Romanera deposit at its 100%-owned Iberian Belt West project (IBW). Read to discover the latest results and why President Joaquin Merino is continuing to accelerate its Romanera drill program.

Tags: Critical MetalsBase Metals

Resource Could Reach 42.5 Mt, Analyst Says

Research Report

Adam Schatzker (10/05/2022)

Deposit upside at this polymetallic project in Spain is indicated by the historical mineral resource and past and current drill results, noted a Research Capital Corp. report.

Tags: GoldBase MetalsSilver

Mining Co. Reports More Good Drill Results in Spain

Research Report

Adam Schatzker (09/19/2022)

"It certainly appears that Romanera could prove to be a significant precious metals deposit," noted a Research Capital Corp. report.

Tags: GoldBase MetalsSilver

Explorer Posts More Good Drill Results at Iberian Belt Property

Research Report

Adam Schatzker (09/12/2022)

Emerita Resources Corp. reported drill results from five new holes at its Iberian Belt West Project in Spain. Research Capital Corp. commented in a research note that Emerita is proceeding with its aggressive 2022 drill program and expects to resume around-the-clock drilling within the next two weeks. The research firm stated it is maintaining its Speculative Buy rating on the company.

Tags: GoldCritical MetalsBase MetalsSilver

Mining Co. Reports More Positive Drill Results in Spain

Research Report

Adam Schatzker (08/24/2022)

New data thus far from drilling the deposit suggest the future resource grade will exceed the historical one, noted a Research Capital Corp. report.

Tags: GoldBase MetalsSilver

Why These Two Analysts Are Following Emerita

Streetwise Reports (08/10/2022)

The latest data from Emerita Resources Corp. may support growth of the company's overall project resource, noted a Clarus Securities report.

Tags: GoldBase Metals

Spanish Deposit Offers 'The Best Bang for the Buck'

Research Report

(06/29/2022)

Results of Emerita Resources Corp.'s first drill hole there suggest the prospective potential of this high-grade project, noted a Clarus Securities report.

Tags: GoldBase MetalsSilver

First Drill Hole Returns 'Impressive (and Unexpected) Precious Metals'

Research Report

(06/23/2022)

These standout grades from Emerita Resources Corp.'s Romanera project could indicate the presence of a large mineralized zone at this Spanish mining project, noted a Research Capital Corp. report.

Tags: GoldBase MetalsSilver

Junior Speeds Up Drill Program in Spain

Streetwise Reports (06/10/2022)

Mining along the Iberian Peninsula has occurred for thousands of years. Today, one company is again exploring the Iberian Pyrite Belt as part of an effort to quickly build a resource and join the ranks of Spain’s metals producers.

Tags: GoldBase MetalsSilver

Mining Firm to Drill Large Deposit With Great Upside in 2022

Research Report

(06/09/2022)

Emerita Resources Corp. has an ambitious goal of completing 70,000 meters using six rigs at their Spanish project, and recent electromagnetic surveys indicate even greater potential than originally thought.

Tags: Base MetalsSilver

Mining Co. Wins Small Victory in Ongoing Legal Dispute

Research Report

(06/07/2022)

The Spanish administrative and criminal cases concerning the 2015 granting of a mining project tender now will be heard consecutively rather than simultaneously, noted a Research Capital Corp. report.

Tags: Base MetalsSilver

Mining Co. Poised to Win Legal Case Over Zinc Project

Research Report

(05/05/2022)

The final ruling on the Aznalcollar project, from the Spanish Criminal Court, is expected this year, noted a Clarus Securities report.

Tags: Base Metals

Junior Has Strong Year, Ready for Another

Streetwise Reports (03/02/2022)

Spain’s Andalusia region is known for its seafood, olive oil, and Moorish architecture. It’s also known for having one of the world’s most prolific mining belts — the Iberian Pyrite Belt. One junior explorer has some of the most prospective mining concessions in that belt, with Spain’s courts about to give it yet one more — and it comes with a big historical resource.

Tags: Gold

Step-Out Drilling Results Offer Explorer Strong Basis for Resource Expansion at IBW Property

Research Report

Streetwise Reports (11/19/2021)

Emerita Resources Corp. recently announced encouraging step-out drilling results from its Iberia Belt West property in Spain. The firm is now activating three new diamond drilling rigs to accelerate exploration work. Clarus Securities Inc. commented in a research note that it is maintaining its "Speculative Buy" rating for the company and due to higher commodity market prices is raising its price target for the firm's shares to CA$5.00.

Tags: Critical MetalsBase Metals

Iberia Belt Explorer's Prospects for Positive Outcomes in Court Cases Remain Positive

Research Report

Streetwise Reports (11/10/2021)

Emerita Resources Corp. issued an update regarding the status of two ongoing independent court cases in Spain and its prospects for winning the tender for the Aznalcóllar project. Research Capital Corp. commented in a research note that it believes the company has at least an 80% probability of being successful in the cases and is maintaining a "Speculative Buy" rating for the company.

Tags: Base MetalsCritical Metals

Step-Out Drilling Intersects Ultra-High Grades Expanding Resource Potential at La Infanta

Streetwise Reports (10/23/2021)

Emerita Resources Corp. shares traded nearly 15% higher after the company reported step-out drill results from a hole at its La Infanta project in Spain that returned 8.2m of 2.5% Cu, 17.3% Zn, 8.7% Pb, 223.5 g/t Ag, 0.5 g/t Au. Clarus Securities advised in a research note Friday that it is maintaining its "Speculative Buy" rating and CA$4.50/share price target for Emerita's (EMO) shares and stated it sees significant resource expansion potential for the IBW property.

Tags: GoldCritical MetalsBase MetalsSilver

Explorer's Infill Drill Results Show Potential for Increasing Resource by 300% at Iberia Belt Property

Research Report

Streetwise Reports (09/10/2021)

Explorer's Infill Drill Results Show Potential for Increasing Resource by 300% at Iberia Belt Property

Clarus Securities Inc. advised in a research report that Emerita Resources Corp.'s recent infill drill results at its La Infanta Project in southern Spain demonstrate significant expansion potential. Clarus stated it is maintaining Emerita's "Speculative Buy" rating and 12-month price target of CA$4.50/share. read more >

Mineral Explorer's Assay Results Confirm a Historic, High-Grade Resource, 'Could Drive a Three- to Six-Fold Increase'

Research Report

Streetwise Reports (08/17/2021)

Mineral Explorer's Assay Results Confirm a Historic, High-Grade Resource, 'Could Drive a Three- to Six-Fold Increase'

Clarus Securities Inc. stated in a research report that Emerita Resources Corp.'s initial drill results from La Infanta confirm historic high grades and represent a resource with significant growth potential. read more >

Target Price Raised on Explorer After 'Promising First Drill Results' From Spain Asset

Research Report

Streetwise Reports (08/16/2021)

Target Price Raised on Explorer After 'Promising First Drill Results' From Spain Asset

A Research Capital Corp. report noted "there remains upside as [Emerita Resources] continues drilling on the IBW project and the Aznalcollar dispute approaches a conclusion." read more >

Coverage Initiated on 'Tier-1 Polymetallic Developer in World-Class VMS Camp'

Research Report

Streetwise Reports (08/09/2021)

Coverage Initiated on 'Tier-1 Polymetallic Developer in World-Class VMS Camp'

A Clarus Securities report noted Emerita Resources' "IBW project alone offers significant value proposition and mergers and acquisitions appeal," and "a big prize for Emerita will be the awarding of the Aznalcollar [project] public tender." read more >

Explorer Hot on the Trail of Zinc in Spain

Streetwise Reports (08/02/2021)

As Emerita Resources moves ahead with exploring one high-grade project, a case moving through the Spanish courts may lead it to being awarded another. read more >

Spanish Court Decisions 'Appear to Favor' Canadian Explorer in Tender Process

Research Report

Streetwise Reports (06/29/2021)

Spanish Court Decisions 'Appear to Favor' Canadian Explorer in Tender Process

A Research Capital Corp. report discusses how Spanish court decisions affect Emerita Resources and why it believes the company is an excellent vehicle for investors to gain exposure to very promising base metal projects in Spain. read more >

Coverage Initiated on 'New Iberian Pyrite Belt, Zinc-Focused Company'

Research Report

Streetwise Reports (06/24/2021)

Coverage Initiated on 'New Iberian Pyrite Belt, Zinc-Focused Company'

Emerita Resources' projects and upside potential are discussed in a Research Capital Corp. report. read more >

News Update

Natural Resources Firm Obtains Mining Department Approval for West Iberian Belt Project Drilling

News Update

Streetwise Reports (02/05/2021)

Natural Resources Firm Obtains Mining Department Approval for West Iberian Belt Project Drilling

Emerita Resources reported it received approval for Infanta Deposit drilling from the Huelva Mining Department for its West Iberian Belt Cu-Pb-Zn-Ag project in Spain. read more >

News Update

Mining Company Works to Obtain Drill Permits for Property in Spain

News Update

Streetwise Reports (01/07/2021)

Mining Company Works to Obtain Drill Permits for Property in Spain

Emerita Resources reports the next steps it is taking to obtain the environmental license to drill at its Iberia Belt West project. read more >

News Update

Explorer's Lawsuit Regarding Spanish Project Nears End

News Update

Streetwise Reports (11/16/2020)

Explorer's Lawsuit Regarding Spanish Project Nears End

Emerita Resources will soon find out if it will be awarded the past-producing Aznalcóllar project. read more >

News Update

Natural Resources Firm Granted Exploration Permit for West Iberian Belt Project

News Update

Streetwise Reports (11/11/2020)

Natural Resources Firm Granted Exploration Permit for West Iberian Belt Project

Emerita Resources provided details of the planned drill program for its West Iberian Belt Cu-Pb-Zn-Ag Property in Spain. read more >

Expert Comments:

Varun Arora, Clarus Securities (5/24/23) "Emerita Resources Corp.'s IBW maiden resource estimate puts it in the league of high-quality projects advancing towards production."

Stockwatch (5/24/23) "Emerita Resources Corp. has a maiden resource estimate for its Iberian Belt West polymetallic project. . .the company lists 14.07 Mt Indicated at 1.39 g/t gold and 75 g/t silver plus 3.29% zinc, 1.66% lead and 0.46% copper. Another 4.71 Mt are Inferred at lower precious metals grades but with higher values of base metals."

Clive Maund, CliveMaund.com (3/12/23) "The charts for Emerita Resources Corp. look increasingly positive. . .with a trend of higher highs, higher lows and momentum swinging positive, the company appears to be readying for a new bull market. . .Emerita is a Buy here."

Adam Schatzker, Research Capital Corporation (11/28/22) "We believe that Romanera is currently the centerpiece of Emerita Resources Corp. and offers significant upside potential for investors. . .Infanta has value to the company given the past successful exploration and potential to increase the resource in the future."

Adam Schatzker, Research Capital Corporation (11/3/22) "Overall, the results Emerita Resources Corp. published today from Romanera help expand the footprint of the deposit with the intercepts that lie outside of the historical resource. . .we think the company's future mineral resource estimate will likely improve on the historical estimate, and we see the opportunity for it to grow with the results Emerita has produced from drill intercepts outside the historical resource."

Clive Maund, CliveMaund.com (10/16/22) "Emerita Resources Corp. looks like a recovery situation with the potential for large percentage gains. . .the dip of the past week is regarded as 'the cherry on the cake' as it provides a better entry point for buyers. This is a new one for us which is rated a Strong Speculative Buy."

More Expert Comments

Adam Schatzker, Research Capital Corporation (10/14/22) "Overall, we think that Emerita Resources Corp.'s drilling is successfully demonstrating the validity of the historic resource while highlighting the potential to significantly increase the size of the Romanera deposit. Given the significant number of drills and effort the company is putting into Romanera, we think Emerita should be able to generate a new, updated mineral resource estimate in 2023."

Adam Schatzker, Research Capital Corporation (10/3/22) "Emerita Resources Corp. increased the number of drills operating at Romanera to 13 from 10 previously. . .we think results of two new drill holes, LR019 and LR023, overall are positive and demonstrate the possible continuity of the Romanera deposit to the west of the historic resource. . . .it appears that Romanera is open to the west and at depth."

Adam Schatzker, Research Capital Corporation (9/15/22) "Emerita Resources Corp. released the results of the latest three drill holes from the Romanera deposit. . .the holes appear to be in line with historical results and drilling carried out by the company in 2022. Drill hole LR014 returned the best results of the three holes with intercepts in both the upper and lower lenses of: 15.1m grading 0.3% copper, 1.3% lead, 6.6% zinc, 0.13 g/t gold, 61.1 g/t silver and 6.1m grading 0.3% copper, 2.1% lead, 10.1% zinc, 0.68 g/t gold, 98.4 g/t silver, respectively."

Adam Schatzker, Research Capital Corporation (9/9/22) "Emerita Resources Corp.'s holes LR009 and LR013 at the Romanera deposit returned wide intercepts with good grades (when compared to the historical resource estimate of 34 Mt grading 0.42% copper, 1.1% lead, 2.3% zinc, 0.8 g/t gold and 44 g/t silver). . .LR009 returned two wide intercepts of 6.7m grading 0.3% copper, 1.4% lead, 4.2% zinc, 0.84 g/t gold and 102.4 g/t silver.

Adam Schatzker, Research Capital Corporation (8/22/22) "Emerita Resources Corp.'s drill results to date at Romanera have been very encouraging. We think that unless the deposit changes significantly with future drilling, the future resource will be better than the historic one (at least for grade, we think it is too early to make a comment on tonnage)."

Varun Arora, Clarus Securities (8/4/22) "Infill drilling at Emerita Resources Corp.'s Romanera continues to return strongly economic results (up to $477/t in situ value included in LR005) with wide and high grade intercepts. . .in addition, maiden stepout drilling, 100m east of the historic drilling, has successfully demonstrated continuation of the mineralization at Romanera."

Adam Schatzker, Research Capital Corporation (8/4/22) "At Emerita Resources Corp.'s Romanera, two holes were reported that returned assay results that appear to be in line with historical results, except the precious metal values appear better than one would have expected based on historical data. . .we think that Romanera is developing well for its stage of exploration."

Adam Schatzker, Research Capital Corporation (6/23/22) "The first hole Emerita Resources Corp. reported from Romanera was quite impressive. . .drill hole LR-002 intersected 14.3m of massive sulphides grading 7.61 g/t gold, 311.1 g/t silver, 3.0% zinc, 2.9% lead and 0.4% copper. . .the company notes that the upper part of the historic resource was never assayed for gold; this appears to present some significant and unexpected upside potential at Romanera."

Adam Schatzker, Research Capital Corporation (6/8/22) "Emerita Resources Corp. commenced drilling at Romanera, something the company has been waiting for for a long time. . .hole LR 002 intersected 14.2m of massive sulphides from 138.2–148.5m. . .Emerita plans to drill the Romanera deposit to upgrade the historical resource to one that is NI 43-101 compliant."

Adam Schatzker, Research Capital Corporation (5/17/22) "Emerita Resources Corp. announced that it is accelerating its diamond drill program for the Romanera deposit (part of the Iberia Belt West project) and that the company is shifting its focus to Romanera. Emerita plans to drill 70,000m in 2022 with the goal of delineating the deposit and accelerating the project toward a production decision."

Adam Schatzker, Research Capital Corporation (5/4/22) "Emerita Resources Corp. announced that the Administrative Superior Court of Andalusia has agreed to the company's request to withhold its resolution with respect to the Aznalcóllar administrative case until the Criminal Court trial is resolved. . .waiting for the criminal case may strengthen Emerita's position."

Varun Arora, Clarus Securities (5/3/22) "We believe the big prize for EMO will be the awarding of the world class, past-producing Aznalcollar mine that is the subject of an ongoing criminal legal dispute. . .as investors wait for the court decisions, drilling/exploration news flow will be ramping up from the recently permitted Romanera and El Cura projects as well as from the 100%-owned Neuvo Tintillo asset."

Adam Schatzker, Research Capital Corporation (4/26/22) "Emerita Resources Corp. announced that the permitting process for drilling at Romanera and El Cura has concluded and the company is mobilizing diamond drills immediately to both deposits. Four rigs are being moved to Romanera, and the other four will be split between El Cura and Infanta."

Adam Schatzker, Research Capital Corporation (3/8/22) "Emerita Resources Corp. announced that it believes the permitting process for the drill program at Romanera and El Cura is nearing a conclusion, and the company expects to commence drilling in the coming weeks. . .Emerita reported that drilling on Infanta North (which has never been drill tested) has intersected sulphide mineralization over a strike length of 300m and at a depth of more than 300m (assays pending)."

Adam Schatzker, Research Capital Corporation (1/28/22) "Emerita Resources Corp. published the results of its geophysical surveys covering Infanta, El Cura and Romanera. Six areas with significant transient electromagnetic anomalies have been identified (two of which are known to be mineralized: Infanta and Romanera); these results imply that there may be a number of other deposits yet to be discovered."

	Stephan Bogner, Rockstone Research (12/22/21) "Emerita Resources Corp. is a well-respected local company with an impressive number of Spanish employees running the day-to-day business in a highly professional manner. . .all told, Emerita is an authentically thriving Sevillian company with deep local roots expanding at an accelerating pace."

Adam Schatzker, Research Capital Corporation (12/2/21) "Last week we attended a site visit of Emerita Resources Corp.'s Iberia West project in Spain; the visit gave us the opportunity to review the core from the drilling at Infanta as well as visit Infanta, Romanera and El Cura. We were very impressed with the geological upside of the Iberia West project and the potential for the company to make discoveries along the 10 km trend from Infanta to Romanera."

Adam Schatzker, Research Capital Corporation (11/12/21) "The most important discovery, in our view, made by the three holes Emerita Resources Corp. drilled to the north of historical holes at Infanta is that the deposit is faulted by a reverse fault that has caused mineralization to the north to be faulted upward. As a result, all three drill holes intercepted two zones of mineralization referred to as the South and North blocks; the faulting appears to steepen the deposit in the North block."

Adam Schatzker, Research Capital Corporation (11/8/21) "On Nov. 8, 2021, Emerita Resources Corp. provided insight and interpretation of the recent legal news from the Spanish courts. It would appear that the two fronts (criminal trial and administrative court) are developing positively and independently, both of these tracks are promising. . .we believe that the market is discounting a near 100% probability that the company wins the tender for Aznalcóllar (we are assuming 80%)."

Adam Schatzker, Research Capital Corporation (10/22/21) "Emerita Resources Corp.'s hole IN018 produced fairly splashy results and, more importantly, the hole was drilled outside of the historic limits of the deposit, indicating that the strike of the deposit continues to the west (by at least 50m). . .IN023, drilled 50m west of IN018, intersected two zones of massive sulphides. . .we continue to be very impressed by the drill results from Infanta, and we are of the opinion that it will most likely become an economic deposit given its size, grade and location in the prolific Iberian pyrite belt."

Adam Schatzker, Research Capital Corporation (10/8/21) "On Oct. 7, 2021, Emerita Resources Corp. announced that the administrative court of Andalusia has notified the company that it will be making a ruling in the administrative case brought to the court by Emerita in November 2015. We believe that the finding of the administrative court may be the final ruling required to reverse the decision to award the rights to Aznalcóllar to Minorbis-Grupo Mexico and grant them to Emerita."

Adam Schatzker, Research Capital Corporation (10/6/21) "Emerita Resources Corp. published a press release updating shareholders on the proceedings regarding the awarding of the Aznalcóllar project. The case appears to be moving forward and in the right direction. . .the company remains confident in its position that it is the only legitimate bidder in the tender process."

Adam Schatzker, Research Capital Corporation (10/4/21) "The drill results Emerita Resources Corp. published today continue to demonstrate the excellent potential of the Infanta project. All holes intersected mineralization with core widths varying between 0.8m and 10.5m (core widths are believed to be 90–95% of true widths). . .the first phase of drilling is now complete."

Adam Schatzker, Research Capital Corporation (9/8/21) "Emerita Resources Corp. released the results of five additional drill holes from its La Infanta deposit. . .hole IN008 stood out from all results (recent and historical), returning 11.1m grading 3.6% copper, 15.1% lead, 27.8% zinc, 319.3 g/t silver and 0.8 g/t gold, which equates to an in situ value of $1,232/t using our long-term commodity price forecasts."

Adam Schatzker, Research Capital Corporation (8/19/21) "The hole Emerita Resources Corp. reported today, IN003, intersected a wide zone of high-grade base metal mineralization: 16.2m grading 1.1% copper, 8.9% zinc, 4.6% lead, 106.8 g/t silver and 0.38 g/t gold starting from 86.2m downhole. It was the deepest intercept reported by the company to date at La Infanta (Emerita believes the true width is approximately 95% of the drill intercept width). . .hole IN003's results are very encouraging."

Adam Schatzker, Research Capital Corporation (8/13/21) "Emerita Resources Corp. announced the results of its first two holes drilled on the La Infanta deposit which is part of the Iberia West Best project. . .both holes intersected mineralization with one hole (IN004) intersecting 7.45m grading 1.67% copper, 6.01% lead, 11.49% zinc, 90.1 g/t silver and 0.49 g/t gold from 62.55m, which compares well with the historic resource estimate."

Adam Schatzker, Research Capital Corporation (7/26/21) "Emerita Resources Corp. closed a financing, raising approximately $20M. . .we believe the risk profile for the potential acquisition of Aznalcollar has improved. . .the company also announced that it has mobilized a second drill to the La Infanta project to expedite the drilling. We view this as a positive development."

Varun Arora, Clarus Securities (7/23/21) "We are initiating coverage on Emerita Resources Corp. with a Speculative Buy rating. . .IBW offers a significant resource growth potential and a high-grade development opportunity that could drive a significant rerating of the stock from its current level. . .the big prize for the company will be the awarding of the tender for the world-class, past-producing Aznalcollar mine that is the subject of an ongoing criminal legal dispute."

Adam Schatzker, Research Capital Corporation (6/24/21) "Emerita Resources Corp. issued a press release summarizing the recent events that transpired in the Spanish courts and how these relate to the Aznalcóllar tender process. The outcome looks to be quite positive for the company and points to a higher probability that it will eventually be declared the winning bidder for the tender."

Adam Schatzker, Research Capital Corporation (6/15/21) "We are initiating coverage of Emerita Resources Corp. with a Speculative Buy. . .[the company] is building the next zinc exploration company in the famous Iberian Pyrite Belt . . .the company is worthy of investment based on the IBW project alone. However, the real upside for shareholders would be realized should Emerita successfully acquire the Aznalcóllar project through the tender process. . . we believe there should be a resolution before the end of 2021. . .We think EMO is an excellent exploration vehicle for investors seeking exposure to high-quality zinc exploration assets with excellent infrastructure, a solid mining culture and low political risk."

Experts Following This Company

Varun Arora, Analyst – Clarus Securities
Jim Jones, President – NXT Energy Solutions Inc.
Clive Maund – CliveMaund.com
Adam Schatzker – Research Capital Corporation

Company News

5/23/2023 – Emerita Resources

5/23/2023 – Emerita announces 14.07 MT Indicated Resource grading 3.29% Zn, 1.66% Pb, 0.46% Cu, 75.2 g/t Ag and 1.39 g/t Au (7.63% ZnEq) and 4.71 MT Inferred Resource at 4.70% Zn, 2.14% Pb, 0.54% Cu, 72.4% Ag, 0.90 g/t Au (9.29% ZnEq). Deposits remain open and drilli

5/15/2023 – Emerita Intersects 4.2 Meters Grading 1.4 % Copper; 6.9 % Lead; 14.7 % Zinc; 0.31 g/t Gold and 63.7 g/t Silver, at La Infanta Deposit and Granted Permit to Further Explore IBW with Addition of Infanta Sur

5/4/2023 – Emerita Intersects 30.5 Meters Grading 0.3 % Copper; 1.6 % Lead; 1.5 % Zinc; 2.61 g/t Gold and 193.5 g/t Silver, Including 5.4 Meters Grading 0.5 % Copper; 3.6 % Lead; 0.4 % Zinc; 7.50 g/t Gold and 675.7 g/t Silver from 507.9 Meters; and 7.5 Meters Gradin

5/1/2023 – Emerita Reports Additional Drill Results from La Romanera, Provides IBW Project Update and Extends Warrants. Results Include 29.3 Meters Grading 0.3 % Cu; 1.0 % Pb; 3.4 % Zn; 3.83 g/t Au and 39.4 g/t Ag, Including 5.0 Meters Grading 0.5 % Cu; 2.6 % Pb; 8.

4/4/2023 – Emerita Intersects 32.6 Meters Grading 0.2 % Copper; 1.9 % Lead; 4.1 % Zinc; 4.01 g/t Gold and 84.1 g/t Silver; including 3.5 M grading 0.1 % Copper; 2.3 % Lead; 3.4 % Zinc; 7.07 g/t Gold and 99.9 g/t Silver from 138.9 Meters

3/20/2023 – Emerita Intersects 22.5 Meters Grading 0.2 % Copper; 2.6 % Lead; 5.1 % Zinc; 3.17 g/t Gold and 91.0 g/t Silver, Including 5.0 Meters Grading 0.3 % Copper; 4.1 % Lead; 10.4 % Zinc; 3.38 g/t Gold and 147.6 g/t Silver from 141.9 m

3/2/2023 – Emerita Intersects 46.6 M Grading 0.3 % Copper; 1.7 % Lead; 2.7 % Zinc; 4.21 g/t Gold, 84.4 g/t Silver and 32.0 M Grading 0.4 % Copper; 3.6 % Lead; 8.2 % Zinc; 1.9 g/t Gold, 119.7 g/t Silver at La Romanera Deposit

Important Disclosures
Emerita Resources Corp. is a Billboard advertiser of Streetwise Reports and pays a flat fee. Fees fund both sponsor-specific activities and general report activities. Sponsor-specific activities may include aggregating content and publishing that content on the Streetwise Reports site, creating and maintaining company landing pages, interviewing key management, posting a banner/billboard, and/or issuing press releases. The fees also cover the costs for Streetwise Reports to publish and syndicate investment opinion and comments, and also to curate or create sector-specific content. Billboard advertising monthly fees range from $3,000 to $5,000. This landing page contains a summary of the company that was prepared by that company. Some landing pages contain investing highlights and a catalyst calendar that are prepared by that company. The Expert Comments and Experts Following This Company sections of the landing page are compiled by Streetwise Reports. There may be other information about the company that is not placed on the landing page, and Streetwise Reports does not guarantee the accuracy or thoroughness of the information contained on the landing page. Readers should conduct their own research for all information publicly available concerning the company. This landing page may be considered advertising for the purposes of 18 U.S.C. 1734.

Streetwise Company Fact Sheet

2023/5/29 2:33:09

(EMO:TSX.V - EMOTF:OTCMKTS - LLJ:FSE)

Analyst coverage

Clarus Securities — Varun Arora

Research Capital Corporation — Adam Schatzker

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Streetwise - Emerita Resources Corp. Ownership Overview*

Emerita Resources Corp. (EMO:TSX.V; EMOTF:OTCMKTS; LLJ:FSE)

^*Share Structure as of 5/11/2023

Source: Emerita Resources Corp.

Investing Highlights

	100% ownership of Iberia Belt West (IBW) project with 3 high grade base+precious metal deposits at surface
	Fully financed to execute aggressive diamond drill program at IBW in area with operating mines.
	Dispute on world class Aznalcollar project expected to be resolved in EMO’s favor Q2

catalyst Calendar

Q1 2023	70,000 m drill program completion for La and La Infanta
Q2 2023	Resource Estimate
Q3 2023	Metallurgical testing results
Q1 2024	PFS expected by year-end 2023