ADZ.V · 2023-04-21 12:00:00

Adamera Announces Financing

Financings

TSX V: ADZ; OTC: DDNFF

News Release: 23-05

Not for dissemination in the United States or through U.S. newswires

Vancouver, British Columbia, April 21, 2023 - Adamera Minerals Corp. (TSX-V: ADZ; OTC:

DDNFF) announces a non-brokered private placement of 6,700,000 units for $335,000. Each

unit is priced at $0.05 and will consist of one common share and one half of one common share

non-transferable warrant, with each warrant entitling the holder to purchase one common share at

a price of $0.10 for a period of two years.

The warrants will be subject to an accelerated expiry date, which comes into effect when the

price of the Company's common shares on the TSX Venture Exchange closes at a price of $0.20

or more per share during any ten consecutive trading day period, commencing four months plus

one day after the date of issuance of the warrants. In such an event, the expiry date may be

accelerated to a date that is 30 days after the Company’s shares trade for ten consecutive days at

or above $0.20.

The securities issued pursuant to the private placement will be subject to a four month hold

period. No finder’s fee will be paid for this financing. The Company intends to use the net

proceeds from the private placement for exploration and corporate operations.

The financing is subject to certain conditions including, but not limited to, the receipt of all

necessary approvals including the approval and acceptance by the TSX Venture Exchange.

About Adamera

Adamera Minerals Corp. is exploring for a high-grade gold deposit near Republic Washington.

This area has reportedly produced 8 million ounces of gold. Adamera is the dominant regional

explorer in the area.

On behalf of the Board of Directors,

Mark Kolebaba

President & CEO

For additional information please contact:

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.