Adamera to Consolidate Common Shares

TSX V: ADZ; OTC: DDNFF

News Release: 24-07

ADAMERA TO CONSOLIDATE COMMON SHARES

Vancouver, British Columbia, June 10, 2024 - Adamer a Minerals Corp. (TSX-V: ADZ;

OTC: DDNFF) announces that a proposed share consolidation was approved by its shareholders

at the Company’s Annual General Meeting held on Jun e 5, 2024. The Company has since made

the required submissions to the TSX Venture Exchang e (TSX-V) to proceed with a share

consolidation on the basis of ten (10) existing sha res to one (1) new common share (the

“ Consolidation ”).

As a result of the Consolidation, the Company’s issued share capital will be reduced from

238,302,928 shares to approximately 23,830,293 shares post-consolidation. Resulting share

fractions less than one-half of a share, shall be cancelled, and fractions of at least one-half of a

share, shall be rounded up to one whole share.

The Company’s name will remain unchanged following the Consolidation. Adamera’s shares

will commence trading on the TSX-V on a consolidated basis at the opening of trading on June

13, 2024 under the trading symbol ADZ and in the USA on the OTC as DDNFF. The

Company’s new CUSIP will be 00547Y204 (ISIN: CA0054 7Y2042).

Upon completion of the Consolidation, which is subj ect to TSX-V approval, Adamera will

pursue certain financing options available to the Company.

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 th an purely historical information, including stateme nts relating to

the Company’s future plans and objectives or expect ed results, may include forward-looking statements. Forward-

looking statements are based on numerous assumption s and are subject to all of the risks and uncertain ties inherent

in resource exploration and development. As a resul t, actual results may vary materially from those de scribed in the

forward-looking statements.