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EMO.V ·

Emerita Appoints Jorge a. Blanco Avilés as Director of Metallurgy

Management Changes Metallurgy & Processing

EMERITA APPOINTS JORGE A. BLANCO AVILÉS AS DIRECTOR OF METALLURGY

Toronto, ON, March 19, 2024 - Emerita Resources Corp. (TSX – V: EMO; OTCQB: EMOTF; FSE: LLJA) (the

“Company” or “Emerita”) is pleased to announce Jorge A. Blanco Avilés, a highly experienced metallur-

gist, has joined its Spanish senior management team as Director of Metallurgy. Mr. Blanco has had a

distinguished career as a Metallurgist in both mine site operations and smelting operations, spanning

more than 25 years.

Since 2010, Mr. Blanco was Metallurgy and Research and Development Manager for First Quantum’s

Cobre Las Cruces operation in Andalusia Spain. He successfully spearheaded initiatives to increase cop-

per recovery from 85% to 95% and developed innovative metallurgical processes to recover base metals

from Iberian Pyrite Belt polymetallic ores. He also developed and ran an in-house analytical laboratory

at Las Cruces. Mr. Blanco participated in European Projects including BIOMORE, INTMET and POLIMET ,

underscoring his exceptional blend of technical acumen and strategic leadership in metallurgy and min-

ing projects.

Prior to that, from 1999, he was employed by Atlantic Copper and Cunext Copper Industries at the

smelting operations, driving a 20% increase in productivity and pioneering the copper recycling program

there.

Jorge Blanco holds a Masters of Chemical Sciences degree from Granada University, further comp le-

mented by specialized training in Production and Logistics, Six Sigma and Senior Management.

David Gower, P .Geo., CEO of Emerita notes, “We are very pleased to have Jorge Blanco join the Emerita

team. He fills a critical skills gap required by the Company as we develop and design the metallurgical

facilities required to process mineralization fro m our projects. Jorge has a strong understanding of

where to focus the metallurgical efforts to maximize financial returns. His smelting background also

provides important experience for negotiating offtake contracts for the products to be produced from

future operations. With respect to the ongoing metallurgical testing, Jorge is already identifying poten-

tial for future optimization.”

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:

Ian Parkinson

+1 647 910-2500 (Toronto)

[email protected]

www.emeritaresources.com

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, statements regarding

managerial appointments, the prospectivity of the IBW project, the mineralization and the IBW project,

the economic viability of the IBW project, metallurgical studies and results thereof and the Company’s

future exploration plans 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- look-

ing 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 in-

herent 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 n ot place un-

due reliance on forward-looking information. Emerita does not undertake to update any forward-look-

ing information, except in accordance with applicable securities laws.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DE-

FINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY

OR ACCURACY OF THIS RELEASE.