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EMO.V ·

Emerita Engages Generation IACP Inc. for Market Making Services

Marketing Announcement

36 Lombard Street West, Floor 4, Toronto, ON, Canada, M5C 2X3

Emerita Engages Generation IACP Inc. for Market Making Services

TORONTO March 15, 2022 – Emerita Resources Corp . (TSX – V: EMO ; OTC: EMOTF ) (the “Company” or

“Emerita”) has engaged the services of Generation IACP Inc. ( “Generation”) to provide services as a market

maker in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable

legislation. Generation will receive a fee of C$7,500 plus applicable taxes per month. The agreement between

the Company and Generation is for an initial term of six (6) months and shall be automatically renewed for

subsequent six (6) month periods (collectively, the “Term”) unless the Company provides written notice of

termination to Generation at least 30 days prior to the end of the Term or Generation provides a written notice

of termination to the Company. Commencing on the first anniversary of the agreement, the fee payable to

Generation will automatically increase annually by 3.0%. No stock options or oth er compensation are being

granted in connection with the engagement. Generation does not currently own any securities of the

Company; however, Generation and its clients may acquire an interest in the securities of the Company in the

future.

Generation is an arm’s length party to the Company. Generation’s market making activity will be primarily

to correct temporary imbalances in the supply and demand of the Company’s shares. Generation will be

responsible for the costs it incurs in buying and selling the Company’s shares, and no third party will be

providing funds or securities for the market making activities.

About Generation IACP Inc.

Generation is based in Toronto, Ontario, and is an independently held and registered broker and member of

the Investment Industry Regulatory Organization of Canada, the TSX-V, the Canadian Securities Exchange,

and the NEO Exchange, and is a Participating Organization, as such term is defined in the rules and policies of

the Toronto Stock 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]

36 Lombard Street West, Floor 4, Toronto, ON, Canada, M5C 2X3

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 Company ’s future.

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 uncer tainties;

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 int ended. 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.