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EMO.V ·

Emerita Resources Announces Dtc Eligibility

Listings & Exchange

65 Queen Street West, Suite 800, Toronto, ON, Canada, M5H 2M5

EMERITA RESOURCES ANNOUNCES DTC ELIGIBILITY

Toronto, Ontario , January 26, 2021 – Emerita Resources Corp. (TSX -V: EMO ; OTC: EMOTF ) (the

“Company” or “Emerita”) is pleased to announce that further to its press release on November 11,

2020, Emerita has obtained DTC eligibility by the Depository Trust Company ("DTC") for its shares

traded on the OTC Pink Market under the symbol “EMOTF”. The Company’s common shares will

continue to trade on the TSX Venture Exchange under the symbol “EMO”.

The DTC is a subsidiary of the Depository Trust & Clearing Corporation and manages the electronic

clearing and settlement of publicly traded companies. Securities that are eligible to be electronically

cleared and settled through DTC are considered “ DTC eligible. ” This electronic method of clearing

securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for

investors and brokers, enabling the stock to be traded over a much wider selection of brokerage firms

by coming into compliance with their requirements. Being DTC eligible is expected to greatly simplify

the process of trading and transferring the Company’s common shares on the OTC Pink Market.

The Company anticipates that trading on the OTC Pink Open Market will provide additional liquidity

and increase its visibility within the U.S. capital markets.

About Emerita Resources Corp.

Emerita is a natural resource com pany 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:

Helia Bento

+1 (416) 566-8179 (Toronto)

Joaquin Merino

+34 (628) 1754 66 (Spain)

[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, statements regarding

65 Queen Street West, Suite 800, Toronto, ON, Canada, M5H 2M5

the trading of the Company’s shares on the OTC 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”, “fo recasts”,

“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.