Adamera Grants Incentive Stock Options
TSX Venture Exchange: ADZ News Release:13-09
Adamera Grants Incentive Stock Options
Vancouver, BC, July 16, 2013 – Adamera Minerals Corp. (TSX V:ADZ) - The Board of Directors reports the grant of 2,308,000 incentive stock options to directors, officers, employees and consultants of the Company under its stock option plan and pursuant to the amalgamation agreement between Diamonds North Resources Ltd. and Uranium North Resources Corp. dated December 28, 2012. The options are exercisable for ten years at a price of $0.10 per share, and are subject to the policies of the TSX Venture Exchange.
About Adamera
Adamera’s strategy in Washington State is to cost effectively discover high-grade gold mineralization within historic mining districts near established infrastructure. Specifically, the company is targeting areas near the Kinross Kettle River Mill. The Kinross mill is reported to be operating at half capacity with ore shipped 70 kilometres from the 1.3 million ounce Buckhorn mine. The Buckhorn mine has only 2-3 years mine life remaining. Average grade of the Buckhorn mine is 11.3 g/t gold and production costs are reported to be between $420 and $500 per ounce. Adamera is determined to discover a high grade gold deposit within shipping distance to the Kinross Mill.
On behalf of the Board of Directors,
Mark Kolebaba President & CEO
For additional information please contact:
Heather Kays Manager, Corporate Communications Tel: (604) 689-2010 Fax: (604) 484-7143 Email: [email protected] Website: www.Adamera.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company’s future plans and objectives or expected results, may include forward-looking statements. Forward- looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.