The Superior Administrative Court accepts Emerita’s request to suspend the resolution of the administrative court until the decision of the criminal courts is issued

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TORONTO, May 02, 2022 (GLOBE NEWSWIRE) — Emerita Resources Corp. (TSX – V: EMO; OTC: EMOTF) (the “Company” or “Emerita”) announces that the Superior Administrative Court of Andalucia (Seccion Primera Sala de lo Contencioso-Administravo del Tribunal Superior de Justicia de Andalucia) has accepted the Emerita’s decision asks to stay proceedings in the Aznalcollar administrative case until the Criminal Court case is resolved. This is seen by Emerita’s Spanish legal adviser as an important decision as it ensures that the criminal proceedings, where most of the evidence has been collected, will be sufficiently advanced for the evidence from the criminal trial to be used in the administrative case. .

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Background

On September 30, 2021, the administrative court unilaterally lifted the suspension of the administrative case regarding the Aznalcollar public tender. Previously, the administrative court was waiting for the completion of the criminal case. On October 14, 2021, Emerita appealed the Administrative Court’s decision as it was found that the relevant facts were substantially identical in both cases and therefore the Administrative Court should wait for the facts to be resolved in the criminal court where the most of the evidence has been compiled. This is the normal process in the vast majority of cases where the criminal and administrative courts are in proceedings related to the same case.

The administrative court has now agreed with Emerita that the facts of the criminal case and the administrative case are substantially similar and has decided to suspend publication of its decision pending the outcome of the criminal trial. With this decision, it is expected that the evidence of the criminal case will be fully available to the administrative court in the administrative case. The administrative court has already reviewed the case to determine that the cases are substantially similar and, as such, the Spanish lawyer does not anticipate any significant delay beyond the completion of the upcoming criminal court hearings for the resolution of the administrative court.

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According to Emerita’s Spanish lawyer, an ambiguous or unclear administrative decision could have potentially weakened the legal arguments of the criminal trial. Emerita’s request that the administrative court suspend the settlement of the administrative case until the criminal case is resolved was part of Emerita’s strategy to ensure that the administrative and criminal cases benefited from the many evidence gathered in the criminal case and to preserve Emerita’s right to appeal in the administrative case had a decision in such case preceded by a resolution in the criminal case.

The date for the criminal hearing has yet to be set due to the Covid backlog, but the judges and court have been appointed and a date is expected in the near future, once a period of time appropriate will be available. Due to the number of people charged, the criminal hearing is expected to require approximately 2-3 weeks of court time.

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Damian Lopez, Emerita’s Corporate Secretary, “The company views this decision as very positive. The criminal case was unanimously supported by five judges, who articulated the irregularities in detail. The administrative court indicating that it considers the facts to be substantially the same as the criminal court supports the expectation that the cases will be resolved in accordance with the court decisions we have seen to date.

About Emerita Resources Corp.
Emerita is a natural resources company engaged in the acquisition, exploration and development of mineral properties in Europe, with a primary focus on exploration in Spain. The company’s headquarters and technical team are based in Seville, Spain, with an administrative office in Toronto, Canada.

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For more information, contact:

Joaquin Merino
+34 (628) 1754 66 (Spain)

Helia Bento
+1 416 566 8179 (Toronto)
[email protected]

Caution Regarding Forward-Looking Information

This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, the Company’s ability to obtain the rights to the Aznalcollar project, the timing and results of lawsuits in Spain 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 planned”, “budget”, “expects”, “estimates”, “plans”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of these words and expressions or states that certain actions, events or results “may”, “could”, “would”, “could” or “will be taken”, “will occur” or “will be carried out”. 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 applicable, are materially different from those expressed or implied by such information. forward-looking information, including, but not limited to: general business, economic, competitive, geopolitical and social uncertainties; actual results of ongoing exploration activities; risks associated with operating in foreign jurisdictions; ability to successfully integrate purchased properties; risks related to foreign operations; 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 the forward-looking information, there may be other factors that cause results not to be those anticipated, estimated or expected. 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 forward-looking information except in accordance with applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS ITS TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE RELEVANCE OR ACCURACY OF THIS RELEASE.

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