ADZ.V · 2023-11-16 12:00:00

Adamera Drills +60 Metres of Disseminated Sulfides on Buckhorn 2.0 Gold Project

Corporate Updates

TSX V: ADZ; OTC: DDNFF

News Release: 23-11

Vancouver, British Columbia, November 16, 2023 - Adamera Minerals Corp. (TSX-V: ADZ;

OTC: DDNFF) announces that two drill holes have been completed on the VTEM-30 target

(News Release dated October 4, 2023) on the Buckhorn 2.0 Gold Project in Washington State.

The two holes were drilled to the south from a single site. Both holes intersected zones of

sulfides at the depths modelled from the geophysical data. The first hole which was drilled at an

inclination of -85o, intersected zones with disseminated sulfides in locally fragmental and altered

limestone / marble over a 60-metre core interval. The second hole which was drilled at an

inclination of -50o, repeated the mineralization and lithologies but over a 90-metre core interval.

The true thickness of these intervals has not been determined. Samples are being submitted to an

accredited laboratory for assay. Other zones of disseminated sulfides intersected in each drill

hole will also be submitted for gold assay.

“The modelled dimensions of the VTEM-30 target based on geophysics is 1000 metres long and

400 metres wide. The discovery of a thick body of non outcropping disseminated sulfides

coincident with the geophysics and only 1.5 kms from the former Buckhorn Gold Mine is

potentially very significant. We eagerly await assay results,” says Mark Kolebaba, President and

CEO of Adamera Minerals Corp.

The Buckhorn Gold Mine was operated as an underground mine by Kinross Gold Corp until

2017. It is reported to have produced approximately 1.3 million ounces of gold at an average

grade of 13 g/t gold. Much of the gold in the Buckhorn mine was associated with disseminated

sulfides.

Jim Ebisch P. Geo is a qualified person that has reviewed the drill core associated with the drill

holes.

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.