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EMO.V ·

Emerita Announces Stock Option Grants

Share Capital & Compensation

Emerita Announces Stock Option Grants

TORONTO, July 29, 2021 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (TSX – V: EMO; OTC: EMOTF) (the

“Company” or “Emerita”) has granted a total of 7,200,000 stock options to various directors, officers and consultants pursuant

to its stock option plan. The options may be exercised at a price of $1.86 per option for a period of five years from the date of

grant. The grant of options remains subject to the approval of the TSX Venture Exchange.

About Emerita Resources Corp.

Emerita is a natural resource company engaged in the acquisition, exploration and development of mineral properties in

Europe, with a primary focus on exploring in Spain. The Company’s corporate office and technical team are based in Sevilla,

Spain with an administrative office in Toronto, Canada.

For further information, contact:

Joaquin Merino

+34 (628) 1754 66 (Spain)

Helia Bento

+1 416 566 8179 (Toronto)

[email protected]

Cautionary Note Regarding Forward-looking Information

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation.

Forward-looking information includes, without limitation, the granting of stock options and the Company’s future plans.

Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or

“does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not

anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”,

“would”, “might” or “will be taken”, “occur” or “be achieved”. Forward- looking information is subject to known and unknown

risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of

Emerita, as the case may be, to be materially different from those expressed or implied by such forward-looking information,

including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results

of current exploration activities; risks associated with operation in foreign jurisdictions; ability to successfully integrate the

purchased properties; foreign operations risks; and other risks inherent in the mining industry. Although Emerita has

attempted to identify important factors that could cause actual results to differ materially from those contained in forward-

looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can

be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from

those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.

Emerita does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE

POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF

THIS RELEASE.