Adamera to Seek Shareholder Approval ON a Share Consolidation

TSX V: ADZ; OTC: DDNFF

News Release: 24-06

ADAMERA TO SEEK SHAREHOLDER APPROVAL ON A SHARE CONSOLIDATION

Vancouver, British Columbia, May 31, 2024 - Adamera Minerals Corp. (TSX-V: ADZ;

OTC: DDNFF) proposes to proceed with a share consolidation on the basis of ten (10) existing

shares to one (1) new common share (the “ Consolidation ”). The Company will be seeking

shareholders approval of the Consolidation at its u pcoming Annual General Meeting to be held

on June 5, 2024.

If the Consolidation is approved, the Company’s iss ued share capital will be reduced from

238,302,928 shares to approximately 23,830,293 shares.

Upon completion of the Consolidation, Adamera will pursue certain financing options available

to the Company. This is subject to TSX Venture Exchange approval.

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. 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.