Emerita Resources Corp. provided an update from exploration drilling at the El Cura deposit which is part of Emerita?s wholly owned Iberian Belt West project (IBW or the Project). IBW hosts three previously identified massive sulfide deposits: La Infanta, La Romanera and El Cura.

Results contained in this release are from El Cura. First worked during Roman times, the El Cura mine has seen several periods of activity in the modern era during the late 19th Century and mid to later 20th Century. The most extensive workings on the polymetallic volcanogenic massive sulfide (VMS) mineralization consisted of a 100m shaft and three investigatory sublevels made at some time during the World War 2 era.

No production records have been mentioned in the historic literature. More recently, assessments were made by Phelps Dodge and Rio Tinto from the 1970?s through the early 1990?s, with work including geophysical surveys and drill testing. Internal company reports by Rio Tinto calculated resource estimates ranging from 1Mt to 3Mt and a 1982 geological synthesis of the southwest Iberian Pyrite Belt by the Spanish Ministry of Industry and Energy (IGME) stated a mineral resource estimate of 1.0 Mt @ 1.85% Cu, 2.0% Pb, 4.0% Zn (Au and Ag were not estimated).

A qualified person, as defined in National Instrument 43-101, has not done sufficient work on behalf of Emerita to classify the historical estimate reported above as current mineral resources or mineral reserves and Emerita is not treating the historical estimate as current mineral resources or mineral reserves. The historical estimate should not be relied upon. El Cura is centrally located within the Company?s wholly owned IBW concession, approximately 3km southeast from La Romanera and along the same mineralized trend as La Infanta.

First work by Emerita included detailed surface and underground (where accessible) geological mapping, followed by soil sampling and ground EM and gravimetry. Emerita?s first Diamond drilling campaign at El Cura consisted of six holes. Phase 1 drilling finished in October, stepping from East to West to scout the continuity of the mineralized zone.

The intention of phase one was reconnaissance drilling designed to better understand the El Cura geology and orientation within the local stratigraphy. In total, 2,230m in widely spaced drill holes was completed, testing a strike length of 600m to 385m below surface in the deepest hole. Drilling at El Cura was impacted by an extended period of extremely high temperature and low precipitation, as a result productivity was low during the summer months while fire prevention restrictions were in effect.

The Phase 1 program identified massive sulfides locally sheared at or near to the contact between volcaniclastic rocks and shales. This host environment is very similar to La Romanera deposit located to the west of El Cura. Intercepts spacing ranged between 175m and 250m.

Although coarsely spaced, five holes of six cut significant mineralization over approximately 400m of strike. The westernmost hole of the campaign, EC007, was the highest grade in copper.