Emerita Provides Update on Aznalcóllar Administrative Proceedings
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Emerita Provides Update on Aznalcóllar Administrative Proceedings
TORONTO, April 17, 2025 -- Emerita Resources Corp. (TSX – V: EMO; OTCQB: EMOTF; FSE: LLJA) (the
“Company” or “ Emerita”) has received a written resolution from the Tribunal Superior De Justicia
De Andalucia (the “Court”) with respect to one of Emerita’s complaints regarding the administration
of the Aznalcóllar public tender (the “Tender”).
Emerita had filed a formal complaint in 2017 (the “Complaint”) with the Court against the Junta de
Andalucia (the “Junta”), the Andalucian government panel that awarded the Tender, requesting that
the Court rule that (i) the Junta had committed a “via de hecho” which is an administrative action
that completely disregards the legally established procedure or that clearly lacks any possible legal
basis; (ii) the acceptance of the mineral rights to the Aznalcóllar project by Minera Los Frailes S.L.
(“MLF”), an entity that did not participate in the Tender, is a via de hecho, and (iii) any actions by MLF
related to the Aznalcóllar project are a via de hecho. As a result of these claims, Emerita requested,
inter alia, that the Court rule that MLF’s acceptance of the rights to the Aznalcóllar project be null
and void.
The Court ruled against Emerita’s C omplaint finding that a via de hec ho had not occurred on a
technical basis. Emerita may appeal this decision by the Court in the future but for now is focused
on the ongoing Aznalcóllar criminal trial and the associated Administrative Case (please see below).
The Junta, in its defense against the Complaint, acknowledged that MLF accepted the rights to the
Aznalcóllar project without ever participating in the Tender. This is one of the many irregularities in
the Tender and a relevant and important point that is being considered in the ongoing Aznalcóllar
criminal trial.
This Complaint is distinct from Emerita’s other and more significant administrative case regarding
the various alleged irregularities by the Junta in adjudicating the Tender which the Company initiated
in 2015 (the “ Administrative Case”). The Court has previously determined that the facts in the
criminal case and the A dministrative Case are substantially similar and has decided to suspend
issuing its resolution on the Administrative Case pending the outcome of the criminal trial. This is
expected to make available for the Court all of the evidence and testimony from the Aznalcóllar
criminal trial (please see the Company’s press release dated May 2, 2022 for additional details
regarding the Administrative Case).
Emerita looks forward to the completion of the Aznalcóllar criminal trial and Administrative Case. A
resolution favorable to Emerita will result in a significant increase to Emerita’s presence in the
Iberian Pyrite Belt in terms of both resources and strategic land position.
About Emerita Resources Corp.
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:
Ian Parkinson
+1 647 910-2500 (Toronto)
www.emeritaresources.com
Cautionary Note Regarding Forward-looking Information
This press release contains “forward-looking information” within the meaning of applicable
Canadian securities legislation. Forward-looking information includes, without limitation,
statements regarding the prospectivity Aznalcóllar, the Tender, the Court’s decisions and impacts
thereof, the results, timing and impact of the Aznalcóllar litigation 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.
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 ACCURACYOF THIS RELEASE