Emerita Provides Update to Aznalcollar Project Public Tender, Andalusia, Spain

TORONTO, ONTARIO--(Marketwired - Feb 23, 2015) - Emerita Resources Corp. (TSX VENTURE:EMO) (the "Company" or "Emerita") announces that the panel evaluating the bids for the Aznalcollar Project (the "Project") on behalf of the Junta of Andalusia has recommended that the tender be granted to the Company's competitor in the bidding process. While the tender process has not been formally concluded, the panel's recommendation will now be presented to the Head of the Mine Department of the Junta Andalusia and it is expected that the final announcement, based on the panel's recommendation, will be made in the coming days.

The Company submitted a detailed and technically proficient plan for responsibly developing the project with the highest regard for environmental, health and safety issues. Given the strength of its proposal, and with a view to greater openness, the Company intends to continue discussions with the responsible government officials from the Andalusia Government regarding the outcome of the tendering process.

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.

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 further developments or results of any recourse initiated by the Company with respect to the tender process, 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; 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.

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