Emerita Provides Update ON Aznalcollar Legal Case
36 Lombard Street West, Floor 4, Toronto, ON, Canada, M5C 2X3
EMERITA PROVIDES UPDATE ON AZNALCOLLAR LEGAL CASE
TORONTO, March 25 , 2022 – Emerita Resources Corp . (TSX – V: EMO ; OTC: EMOTF ) (the “Company” or
“Emerita”) announces that it has been notified that Court #3 of the Seville Court (the “Court”) will hear the
final phase of the Aznalcollar criminal trial. This notification pertains to the criminal trial and is separate from
the Administrative Court hearings for which the Company has not yet received notification.
Magistrate Ángel Márquez Romero has been appointed as the lead judge responsible for resolving the
sentences that will conclude the trial. Magistrate Ángel Márquez Romero has more than 40 years of judicial
experience and presides over the Third Criminal Section of the Court. There will be three judges hearing this
phase of the trial led by Magistrate Ángel Márquez Romero.
According to Emerita’s external Spanish legal counsel, the hearings will likely last approximately 15 -20 days
given the number of people implicated and the number of charges. The date for the hearings is expected to
be announced in the next few weeks and will in part be determined by when a sufficient block of time for the
hearings is available in the court schedule. Upon completion of the trial, the judges will convene and draft the
final resolution/decision which will conclude the trial.
The criminal trial process is independent of the administrative court process. Based on correspondence
received from the Administrative Court late in 2021, this court has also been deliberating for approximately
six months and it is expected this process is nearing a conclusion also, although to be clear, the Company has
no insights with respect to the progress or the timing of completion by the Administrative Court. The
Administrative Court is the court that will deal with resolving awarding of the Aznalcollar public tender.
According to Emerita’s Spanish external counsel, under Spanish law if there is commission of a crime in
awarding a public tender , that bid must be disqualifie d and the tender awarded to the next highest bidder.
Emerita is the only other qualified bidder in the Aznalcollar public tender.
According to David Gower, P.Geo., CEO of Emerita, “Emerita is very encouraged to see the criminal trial
progressing towards a conclusion. Based on the hearings and unanimous rulings by 5 judges to date, there is
little doubt that there has been a crime committed. The Company is well financed and prepared to move
forward with the development of the Aznalcollar project using the most modern technologies available for the
benefit of all stakeholders.”
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)
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, statements regarding the legal
processes in Spain, the likelihood of the Company obtaining the rights to the Aznalcollar project 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 ma terially 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; risk s 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 c ould 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.