Emerita Resources Qualifies to Participate in the Public Tender Process for the Aznacollar Project, Andalusia, Spain

Emerita Resources Corp. (TSX VENTURE:EMO) (the "Company" or "Emerita") has
submitted a bid to acquire a 100% interest in the Aznacollar Project, located in
the Iberian Pyrite Belt, in Andalusia Spain. The Government of Andalusia and the
Province of Sevilla announced the public tender for the past producing property
(Concurso publico para la adjudicacion de la explotacion de la reserva de
Aznalcollar en la provincia de Sevilla) on January 16, 2014. The bid documents
were submitted by Emerita ahead of the deadline for submissions on April 16,
2014. A government panel has informed Emerita that it and one other bidder that
participated in the tender have qualified for the first stage of the process by
meeting the minimum financial requirements of the tender process. The government
panel is now evaluating the merits of the initial technical proposals submitted
by the two qualified companies. Only companies whose initial technical proposals
are considered to have sufficient merit will continue to the second phase.


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. Each phase will be reviewed by a
government panel. 


A data room containing the production records from the Los Frailes and
Aznalcollar mines, along with other technical information, will be made
available to the qualified companies in order for such companies to prepare a
detailed technical proposal, which must be consistent with the initial technical
proposal presented in the first phase. The Aznacollar Project will be awarded to
the company deemed to have the most viable technical proposal. The primary focus
of the government is to attract a strong, viable technical plan that
demonstrates a path to responsibly develop 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 to continue in the tender process.


According to Joaquin Merino, P.Geo., Emerita's President and CEO, "We have an
abundance of experience within Emerita in the development of volcanic massive
sulphide ("VMS") deposits such as at Los Frailes. Our technical team has put
together a comprehensive proposal that involved contributions from more than
twenty professionals from various disciplines including resource assessment,
engineering and environmental. Emerita's management team has been directly
involved in the discovery, development, operation and financing of these types
of projects, including projects that achieved commercial development in the
Matagami Camp, the Bathurst Camp and the Mount Isa area. We are very excited to
be a contender to develop a very modern and sustainable mining operation at this
important deposit in Andalusia."


The Aznacollar Project is a past producing property that hosted the Aznacollar
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 60ppm silver. In addition, reports by the 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 Aznacollar 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 Andalucia'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 Andalucia, 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 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 the Las Morras and Sierra Alta properties 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.
Joaquin Merino
[phone] (Spain)


Emerita Resources Corp.
Helia Bento
[phone] (Toronto)
[e-mail]