Emerita Resources Corp. has intersected additional significant mineralization in drilling at El Cura deposit area, part of Emerita?s wholly owned Iberian Belt West project (IBW or the Project). IBW hosts three previously identified Volcanogenic Massive Sulfide (VMS) deposits: La Infanta, La Romanera and El Cura.

All three IBW deposits are open for expansion along strike and at depth. Widely spaced core drilling intersected significant mineralization over approximately 400m x 300m (strike x dip-length), within a mineralized corridor of at least 600m of strike length. One of these initial drill holes in section 9750E, EC007, intersected 2.2m grading 2.9% Cu; 2.3% Pb; 4.6% Zn; 2.81 g/t Au and 82.5 g/t Ag in the western portion of the drilled area.

The exploration team then completed another 6 drill holes, 3 of which were drilled along section 9750E in order to test the continuity of the mineralized lens at depth . An additional 15 drill holes are now planned to follow up this result. Approximately 220m of strike length was tested to date, focusing on the westernmost 200m of the 600m corridor, in the area of section 9750E.

Massive to semi-massive sulfides were intersected down to 340m below surface (hole EC013), and now with drill hole EC014 the mineralization has been extended another 60 m down-dip. This lens remains open at depth and along strike to the west and east at this level. The Company has allocated two drills to expand the mineralization encountered to date on section 9750E.

One of the drills is testing the continuity of the mineralization at depth, and the other one is testing the continuity to the east and west from section 9750E. Drill hole EC014 has just been completed and has encountered 11.4 m of massive sulfide with chalcopyrite and galena and cross cut by chalcopyrite veining . Drill results to date at El Cura show a high-grade massive sulfide body, that strikes WNW-ESE, dips steeply to the north and plunges to the west characterized by high grades in copper and gold (EC012: 3.4m grading 1.7% Cu, 3.09 g/t Au, and EC013: 10.6m grading 1.7%, 0.95 g/t Au).

The true thickness is approximately 75 to 85% of the intercept length. Drill core recoveries are good, 98% average. With the 11.4 m thick intercept of drill hole EC014, it has been possible to verify the extension of the mineralizationz for additional 60 m at down dip.

The Company now has a second rig drilling to accelerate the program and test the continuity of the mineralization both to the east and to the west. It is noteworthy that the EC014 intercept is the thickest to-date at El Cura, as well as the deepest. Hole EC015 is in-progress, designed to cut the deposit further down dip.