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Emerita Resources Announces Concurrent Offering

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

TORONTO, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Emerita Resources Corp. ("Emerita" or the "Company") (TSXV:EMO) (OTCQB:EMOTF) (FSE:LLJA) is pleased to announce that due to investor demand, the previously announced brokered offering of up to 23,809,500 units of the Company (the "Initial Offering"), is fully subscribed and that the Company is announcing a concurrent non-brokered private placement financing of up to 1,000,000 units (each, a "Unit") at a price of $1.05 per unit (each, a "Unit") for gross proceeds of up to $1,050,000 (the "Concurrent Offering" and together with the Initial Offering, the "Offerings"). The aggregate maximum gross proceeds of the Offerings is $26,049,975.

An existing large shareholder of Emerita has agreed to subscribe for the Concurrent Offering.

Each Unit will consist of one common share in the capital of the Company (each, a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder to purchase one Common Share at an exercise price of $1.30 for 24 months following the completion of the Concurrent Offering. The Units pursuant to the Concurrent Offering will be offered to purchasers outside of Canada pursuant to an exemption from the prospectus requirements in Canada available under OSC Rule 72-503,  Distributions Outside Canada and, accordingly, ...