Emerita Resources Qualifies for Final Stage of the Aznalcollar Project Public Tender, Andalusia, Spain

Emerita Resources Corp. (TSX VENTURE:EMO) (the "Company" or "Emerita") has
received official notice from the Andalusian Government that Emerita and one
other company have qualified for the final phase of the public tender process
for the Aznalcollar Project located in the Iberian Pyrite Belt in Andalusia,
Spain. The Aznalcollar Project hosts the past producing Los Frailes zinc
deposit.


Emerita submitted a bid to acquire a 100% interest in the Aznalcollar Project
through the public tender, "Concurso publico para la adjudicacion de la
explotacion de la reserva de Aznalcollar en la provincia de Sevilla", announced
by the Andalusian Government on January 16, 2014. The project is located in a
pro mining environment in the Andalusia Region. 


The tender process consists of two phases, with the first phase being a
financial proposal and an initial technical proposal and the second phase
comprising a detailed technical proposal. Proposals submitted in each phase are
reviewed by a government panel.


In May 2014, Emerita qualified for the first phase of the process, together with
one other company, by meeting, among other things, the minimum financial
requirements of the tender process (see the news release issued by Emerita on
May 22, 2014). 


The government panel recently announced that Emerita's bid qualifies to continue
to the second and final phase of the tender, which commenced on July 16, 2014. 


A data room containing production records from the Los Frailes and Aznalcollar
mines, along with other technical information, will now be opened to Emerita and
the other qualified company in order that they may complete and submit a
detailed technical proposal. The primary focus of the government panel is to
award the Aznalcollar Project to the party presenting the most viable plan for
responsibly developing the project with highest regard for environmental, health
and safety issues. At this point Emerita does not know whether it will be the
successful bidder, however it is one of only two companies that have qualified
for the final phase of the tender process. 


The Aznalcollar Project is a past producing property that hosted the Aznalcollar
and Los Frailes open pit zinc-lead-silver mines. The Los Frailes deposit was
developed in the mid 1990s and the historical open pit mineral resource of the
mine is estimated to be 71 million tonnes grading 3.86% zinc, 2.18% lead, 0.34%
copper and 60 ppm silver. In addition, reports by the Andalusian mine department
during the operation of the mine indicate the existence of a higher grade
portion of the resource that is estimated to contain 20 million tonnes grading
6.66% zinc, 3.87% lead, 0.29% copper and 84 ppm silver. The Aznalcollar and Los
Frailes deposits are open for further expansion by drilling at depth, as
historical drilling was primarily constrained to depths accessible by open pit
mining. 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. A summary of the
historical resource estimate is available on the Government of Andalusia's web
site.(1) This summary is based on a report prepared by the prior operator of the
Aznalcollar Project entitled "Proyecto de Explotacion Yacimiento Los Frailes,
Memoria Andaluza de Piritas, Boliden- Apirsa, Octubre 1994" (Los Frailes
Exploitation project Report, Boliden-Apirsa, October 1994) and subsequent
resources estimate updates, the latest being from 2000. According to the
information provided by the Government of Andalusia, the prior operator of the
project used ordinary kriging as the estimation method with block dimensions of
5x10x8 meters. The mineral resources were not classified into the categories
defined by the Canadian Institute of Mining, Metallurgy and Petroleum and
therefore are not in compliance with NI 43-101 requirements. Los Frailes
operation suffered a major tailings dam failure approximately 1.5 years after
commencing production that, along with low metal prices, caused the former
operator to shut down the project. The Government of Andalusia subsequently
completed reclamation and took ownership of the site. Since the mine was in
production for a short period, most of the deposit remains intact for future
development.


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.


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 anticipated or implied
success of the Company in the tender process, the anticipating timing of the
tender process, historical mineral resource estimates for the Aznacollar
property, the potential of the Aznacollar 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.


(1)
http://www.juntadeandalucia.es/economiainnovacionyciencia/pamdoc/_archivos_/aznalcollar/dossier_minas_english.pdf



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


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