ADZ.V · 2020-06-23 12:00:00

Adamera Closes First Tranche of Financing

Financings

TSX V: ADZ; OTC: DDNFF

News Release: 20-10

Vancouver, B.C., June 23, 2020 - Adamera Minerals Corp. (TSX V: ADZ; OTC: DDNFF)

announces that is has closed the first tranche of its previously announced non-brokered private

placement (the "Private Placement") dated May 28, 2020. In the first tranch the Company has

issued a total of 13,750,000 Units for gross proceeds of $687,500. The second tranche is

expected to close on or about June 30, 2020.

The terms of the Offering remain as disclosed in the Company’s news release dated May 28,

2020. Each Unit consists of one common share of the Company at a price of $0.05 per share and

one‑half of one common share purchase warrant, with each whole warrant being exercisable to

purchase one common share of the Company at a price of $0.10 for a term of one year.

The securities issued pursuant to the private placement will be subject to a hold period expiring

on October 23, 2020. The Company intends to use the net proceeds from the private placement

for corporate operations and exploration on its 100% owned projects in Northeast Washington

State.

Finders’ fees amounting to $1,625 were paid in connection with the Private Placement.

Adamera has engaged a partner Hochschild Mining LLC (LSC:HOC) (see news release dated

January, 22, 2020) on its Cook Mountain Gold Project. The exploration and drilling program on

that project is funded and underway.

The Private Placement is subject to certain conditions including, but not limited to, the receipt of

all necessary approvals including the final 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 over 7 million ounces of high-grade 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:

Tel: (604) 689-2010 Fax: (604) 484-7143

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.