Emerita Reports the Environment Department IN Huelva Province Has Published a Resolution Approving Drilling the WEST Side of the Ibw Project Including Romanera Deposit
36 Lombard Street West, Floor 4, Toronto, ON, Canada, M5C 2X3
EMERITA REPORTS THE ENVIRONMENT DEPARTMENT IN HUELVA PROVINCE HAS PUBLISHED A
RESOLUTION APPROVING DRILLING THE WEST SIDE OF THE IBW PROJECT INCLUDING ROMANERA DEPOSIT
TORONTO, January 10, 2022 – Emerita Resources Corp . (TSX – V: EMO; OTC: EMOTF ) (the “Company” or
“Emerita”) announces that the Andalucian Environment Department in Huelva Province has issued its
resolution and published it in the official gazette approving the Company’s diamond drill plan for the west side
of the Iberia Belt West (“IBW” or the “IBW Project”) project on January 7, 2022 such that the entire Project is
now permitted for drilling. This portion of the IBW Project hosts the large Romanera deposit and the El Cura
deposit and as such this is an important step for the ongoi ng evaluation of the IBW Project. The publication
in the gazette marks the commencement of a 30 business day period during which the reclamation plan for
the drill sites are published on the government web site and available for comment. The application process
in Spain requires a comprehensive exploration plan as well as a reclamation plan for the drill pads and the
reclamation plan is published on the government web site for public viewing for a period of 30 days prior to
issuing the permits. Permitting the west side of the project required a more involved process than the Infanta
area where the Company has been drilling . The Company completed all studies required by the process
including archaeological, flora and fauna studies and has written support from the two municipalities, Pueblo
de Guzman and Paymogo, that encompass the project included in the filing documents. Once issued, the
permits are valid for the duration of the license.
The Company already has agreements arranged with local landowners for access to the drill sites in order that
work can commence immediately upon receiving the permits. Emerita presently has a contract for five drills
on the IBW Project and will add three more drills bringing the total to eight, to coincide with the issuing of this
permit in order to complete the drilling required for a NI 43 -101 compliant mineral resource estimate as
quickly as practical.
According to David Gower, P.Geo., CEO of Emerita, “ This is a very exciting development for the Company. It
provides access to two additional deposits for diamond drilling and given there are already 50 drill holes in
Romanera, the geological model for the deposit is well understood. Our team along with our environmental
consultants and government officials have work ed diligently and carefully to produce an excellent
environmental plan for the responsible exploration of the area. We greatly appreciate the support of the
municipalities and are already setting up facilities in Paymogo and Pueblo de Guzman to support the program.”
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 timing of permits for the IBW Project, the exploration of the IBW Project, the
prospectivity of the IBW Project, the Company’s access to drill rigs, the timing of a NI 43-101 compliant mineral
resource estimate 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; 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 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.