Emerita Resources Launches Up to $750,000 Private Placement of Common Shares

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Emerita Resources Corp. (TSX VENTURE:EMO) (the "Company" or "Emerita") intends
to complete a non-brokered private placement financing of up to 7,500,000 common
shares of Emerita (the "Common Shares") at a price of $0.10 per Common Share for
gross proceeds of up to $750,000 (the "Offering").  


The closing date of the Offering is expected to occur on or about August 8,
2014. The Common Shares will be subject to a hold period of four months and one
day. Completion of the Offering is subject to a number of conditions, including
TSX Venture Exchange approval.


The proceeds of the Offering will be used to fund exploration activities of the
Company with respect to the Company's mineral properties in Spain and for
general corporate purposes. 


Upon the closing of the Offering, Emerita may pay fees to eligible finders in
accordance with the policies of the TSX Venture Exchange in cash, warrants or a
combination thereof. 


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 the use of proceeds from the
Offering. 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. 


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act") or any state securities laws and may not
be offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available. 


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]
www.emeritaresources.com