Emerita Announces AGM Results

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TORONTO, June 19, 2025 (GLOBE NEWSWIRE) — Emerita Resources Corp. (TSX – V: EMO; OTCQB: EMOTF; FSE: LLJA) (the “Company” or “Emerita”) is pleased to report that the nominees listed in the management proxy circular dated May 9, 2025 for the annual and special meeting of shareholders of Emerita held on July 19, 2025 (the “Meeting”) were elected as directors of the Company. The appointment of each of the nominees to the Company’s board was approved by more than 93% of the votes cast at the Meeting. Shareholders at the Meeting also approved the appointment of the Company’s auditors and the Company’s stock option plan.

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Emerita management would like to thank shareholders for their participation and continuing support.

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The Company has entered into a services agreement (the “CanaCom Agreement”) with 2686362 Ontario Corporation dba CanaCom Group (“CanaCom Group”) pursuant to which CanaCom Group has agreed to provide digital content, marketing and media distribution services to the Company. Pursuant to the terms of the CanaCom Agreement, such marketing services are to be provided over a 12-month period, for a fee of C$120,000 plus applicable taxes. CanaCom Group is a full-service marketing agency based in Oakville, Ontario and is headed by Jordan Lutz. CanaCom Group provides digital marketing awareness via advertising through its fully owned platform theDeepDive.ca, which includes both video and written content coverage of Canadian small-cap stories. Pursuant to the Agreement, the Company has issued 200,000 stock options to the CanaCom Group with an exercise price of $1.28 and a term of two years (the “Stock Options”). The Stock Options shall vest quarterly over a period of 12 months starting on the 90^th day following their issuance. The Stock Options grant remains subject to the approval of the TSX Venture Exchange.

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As of the date hereof, other than the Stock Options, to the Company’s knowledge, CanaCom Group (including its directors and officers) does not own any securities of the Company and has an arm’s-length relationship with the Company.

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About Emerita Resources Corp.

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Emerita is a natural resource company engaged in the acquisition, exploration, and development of mineral properties in Europe, with a primary focus on exploring in Spain. The Company’s corporate office and technical team are based in Sevilla, Spain with an administrative office in Toronto, Canada.

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For further information, contact:

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Cautionary Note Regarding Forward-looking Information

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This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, the results and impact of the Meeting, the engagement of the CanaCom Group, the grant of Stock Options and the Company’s future plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Emerita, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; risks associated with operation in foreign jurisdictions; ability to successfully integrate the purchased properties; foreign operations risks; and other risks inherent in the mining industry. Although Emerita has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Emerita does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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