Emerita Acquires Sierra Alta Gold Project in Asturias, Spain

Emerita Resources Corp. (TSX VENTURE:EMO) (the "Company" or "Emerita") has been
awarded 90 mining claims comprising 2,500 hectares in the Asturias region in
northwestern Spain following a successful bid by Emerita in a public tender
(Figure 1). The licenses are valid for an initial three year period with an
option for the Company to renew the licenses following the expiry of the initial
period.


To view the accompanying Figure 1, visit the following link:
http://media3.marketwire.com/docs/Figure1Emerita.jpg


The Asturias region has been a significant producer of gold and hosts two of the
largest currently known deposits in the Iberian Peninsula, the Salave deposit
and the El Valle-Boinas Carles deposit, both of which are in close proximity to
the Sierra Alta Project. Gold in Asturias is hosted in three belts (Oscos,
Navelgas and Rio Narcea) and occurs in high grade epithermal veins, skarns and
as intrusive related gold deposits. The Sierra Alta project is located in the
strongly mineralised Navelgas Gold Belt, which forms the central belt in
Asturias and consists of structurally controlled Palaeozoic clastic sediments
and carbonates intruded by felsic intrusive rocks (Figure 1).


The Salave deposit, which is currently being evaluated by Astur Gold Corp., is
located 35 km from the Sierra Alta Project and has a mineral resource of 17.97
million tonnes grading 2.92 grams per tonne gold, comprising 1.7 million ounces
of gold in the measured and indicated categories.


The EL Valle-Boinas Carles (EVBC) deposit, which lies 30 km to the east of
Sierra Alta, produced over one million ounces of gold and 20,000 tonnes of
copper before closure of the mine in 2006. The mine was re-commissioned in 2011
by Orvana Minerals Corp. and produced 80,541 ounces gold, 17.3 million pounds of
copper and over one million ounces of silver during 2013 and is forecast to
produce similar quantities in 2014.


Limited exploration was carried out in the Sierra Alta project area by Rio
Narcea during the 1990s and in 2005-06 as part of an option agreement.
Geological mapping during this program identified a large number of ancient
Roman workings that align for over 10 km length along a NNE - SSW striking
structure. These range from large pits, the largest of which is the Freita pit
from which 29 million tonnes of material is estimated to have been mined, to
relatively small trenches. Preliminary geological mapping by Emerita geologists
identified, in addition to the old workings, widespread ferruginous breccias,
jasperiod alteration and widespread silicification (Figure 2).


Rio Narcea also conducted soil sampling identifying a series of gold anomalies
over a strike length of 8km. The largest is described as being 3km long and 300m
wide and with a peak concentration of 1.2 parts per million gold.


Gold mineralisation at Sierra Alta has potential for very high grades
demonstrated by a 1m rock chip sample reported by Rio Narcea that returned an
astounding grade of 338 grams per tonne gold.


Recent rock sampling by Emerita returned grades of up to 10.65 grams per tonne gold.

Historical drilling on the property is limited to four holes located in a
cluster near the La Freita working. The best result was LF-02, which intersected
14m grading 2.08 grams per ton gold.


Sierra Alta is located in an area with excellent access, no significant
environmental restrictions and has no population centres within 5km of the
property.


Emerita has not yet verified the historical work done by Rio Narcea and does not
intend to use this information for purposes other than planning and prioritizing
exploration targets.

Commenting on the project, Joaquin Merino, Emerita's President and CEO states:
"We are excited about the potential to find zones with exceptional grade along
the untested strike length of the system at Sierra Alta, which extends for more
than four kilometers based on the distribution of historical workings and soil
anomalies. Initial sampling in an area having extensive Roman workings has
confirmed that high grade gold values occur within the system."


Emerita has also submitted a bid in the public tender for the Paymogo property
in Huelva Province of the Andalusia Region in Spain, which closed on February 6,
2014. The successful bidder for this tender has not yet been announced.


To view the accompanying Figure 2, visit the following link:
http://media3.marketwire.com/docs/Figure2Emerita.jpg


Qualified Person

The scientific and technical information in this news release has been reviewed
and approved by Mr. Joaquin Merino, P.Geo, President and CEO of the Company and
a Qualified Person as defined by National Instrument 43-101 of the Canadian
Securities Administrators. Field work at the Las Morras Property is being
conducted under the direct supervision of Mr. Merino.


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 the Las Morras and Sierra Alta properties in Spain.


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 exploration prospects for the
Sierra Alta property 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.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Emerita Resources Corp.
Helia Bento
[phone] (Toronto)


Emerita Resources Corp.
Joaquin Merino
[phone] (Spain)
[e-mail]