Emerita Resources Corp. announced additional assay results from the ongoing drilling program at La Romanera deposit, part of Emerita's wholly owned Iberian Belt West project IBW hosts three previously identified massive sulphide deposits: La Infanta, La Romanera and El Cura. Results contained in this release are from La Romanera.

All deposits are open for expansion. The Company presently has 4 diamond drills operating at La Romanera and one drill that is on the first hole at the Nuevo Tintillo project - located approximately 85 km to the east of IBW. Metallurgical work for the IBW project is in progress at the Wardle Armstrong metallurgical test facility in the United Kingdom.

This test work is expected to conclude near the end of November 2023. Four samples are currently being evaluated, three from La Romanera and one from La Infanta. Assays have been received for diamond drill holes LR156 and LR157.

These two holes have been surveyed using downhole electromagnetic surveying (DHEM) which has indicated that mineralization continues below both drill holes down plunge to the west, confirming the deposit extends further at depth. Drill hole LR159 has intercepted approximately 44 meters of massive sulphides and assays are pending for this intercept. Drill hole LR156 intersected 24.2 meters grading 0.5% Cu; 0.8% Pb; 1.9% Zn, 1.07 g/t Au and 38.1 g/t Ag, including 5.0 meters grading 0.4% Cu; 2.8% Pb; 6.6% Zn, 1.47 g/t Au and 75.4 g/t Ag.

True thickness is approximately 75 - 80 %. Drill hole LR157 intersected 51.6 meters grading 0.5% Cu; 1.1% Pb; 1.5% Zn, 0.46 g/t Au and 26.1 g/t Ag, including 6.0 meters grading 0.2% Cu; 1.6% Pb; 5.5% Zn, 0.98 g/t Au and 58.8 g/t Ag and 5.6 meters grading 0.4% Cu; 1.8% Pb; 2.1% Zn, 0.89 g/t Au and 38.5 g/t Ag. True thickness is approximately 75 - 80 %.