Adamera Closes First Tranche of Financing

TSX V: ADZ; OTC: DDNFF

News Release: 24-16

ADAMERA CLOSES FIRST TRANCHE OF FINANCING

Vancouver, British Columbia, November 21, 2024 - Adamera Minerals Corp. (TSX-V: ADZ;

OTC: DDNFF) announce that it has closed the 1 st tranche of the non-brokered private placement

offering announced on November 6, 2024 of 4,650,253 units at $0.15 per unit for gross proceeds

of $697,538.

Each unit consists of one common share of the Company and one common share purchase warrant,

with each warrant entitling the holder thereof, to purchase one additional common share of the

Company at a price of $0.20 for a period of five (5) years from the date of closing.

If the closing market price of the Company's common shares on the TSX Venture Exchange (the

“Exchange”) is $0.30 or more over a period of 10 co nsecutive trading days at any time after the

date that is four months and one day after the resp ective closing, the warrants will expire on the

30th day (the "Accelerated Expiry Date") after the 10 consecutive trading days at or above $0.30

unless exercised by the holder on or before the Accelerated Expiry Date.

The Company intends to use the net proceeds of the private placement for exploration work on its

gold properties and for general working capital. The securities associated with this first tranche of

the private placement are subject to a statutory fo ur-month hold period expiring on March 22,

2025.

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

necessary approvals including the approval and acceptance by the Exchange.

About Adamera

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

This area has reportedly produced 8 million ounces of gold averaging 14.5 g/t. 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:

Email: [email protected]

Website: www.Adamera.com

Phone: (604) 689-2010

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accur acy 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 ar e subject to all of the risks and uncertainties inh erent in

resource exploration and development. As a result, actual results may vary materially from those descr ibed in the

forward-looking statements.