DDNFF - Adamera Minerals Exploration Summary 2021

(TheNewswire)

Vancouver, B.C. - TheNewswire - January 20, 2022 - Adamera MineralsCorp. (TSX V: ADZ ) ( OTC: DDNFF) provides a summary of its 2021 exploration activities on itsWashington State properties. Last year was a significant year for theCompany. Our focus was on the Cooke Mountain and Buckhorn 2.0 goldprojects. Minor care and maintenance work wasalso done on our 100 % owned projects including Talisman and EmpireCreek.

Exploration at Cooke Mountain started in March with drilling on multipletargets. The program was successful in discovering shallow, high-gradegold mineralization that was followed up by additional geophysics anddrilling in December of 2021. Assays from that drilling are pending. Some $1.8 million was spent on exploration,including drilling, with 70% of that expenditure provided by our CookeMountain agreement partner Hochschild Mining PLC(LON:HOC) .

Adamera continued to advance exploration on theBuckhorn 2.0 project. Our knowledge of the property was significantlyadvanced through an agreement with Kinross Gold Corp to acquire asubstantial dataset from their work in the area as well as workcompleted directly by Adamera. Highlights of our work and our firstreview of the Kinross data are provided below. We look forward todrilling in 2022.

Performing exploration, especially field activitiesduring the year was challenging due to COVID-19,a major labour shortage, prolonged assay delays and extreme heat andfire conditions. We are grateful for the efforts of our team andpartners for successfully advancing our projects under suchconditions. With a healthy treasury of $1.7 million and well-definedexploration targets, we are optimistic that 2022 will be our year fora discovery that takes Adamera to the next level.

Cooke Mountain Gold Project

The Cooke Mountain project encompasses severalproperties including the Lamefoot South, Goodfoot and Oversightproperties which surround former producing mines Lamefoot andOverlook, all of which fall under a farmout agreement with HochschildMining PLC. In 2021, 8 initial holes for just under 3000 metres weredrilled. Four holes were drilled on the western trend near theLamefoot Mine and 4 holes on the eastern trend near the OverlookMine.

Approximately 1400 core sample results have beenreceived with 400 results still pending.

On November 9, 2021 Adamera announced a new high-grademineralized zone identified in drill hole PL-6 at Lamefoot South. Thiszone was intersected from 24.08 to 26.78 metres depth and yielded 2.7metres grading at 4.7 g/t Au, including a 0.76 metre zone with 10.7g/t Au. This site is situated ~1000 metres south of the formerLamefoot Gold mine operated by Kinross Gold Corp.

In December, 3 follow up holes were drilled to thenorth of PL-6, using easily accessible/permitted sites. Results forthis drilling are pending. Drilling this target to the south istopographically more challenging and will require additionalpermitting. Sites to test the southern extent are currently beingselected.

Geophysical surveying immediately to the south is beingconducted using electromagnetic (EM) and self potential (SP) methods.To date only a few lines of SP have been completed. That data shows astrong signature to the south. EM is planned for late January.

During the summer a magnetic survey and stream samplingprogram was completed on the Iron Mountain property, also on the CookeMountain project.

Buckhorn 2.0 Gold Project

The Buckhorn 2.0 property comprises 3600 hectares ofland surrounding the former high-grade underground Buckhorn (formerlyCrown Jewel) gold mine. The mine area continues to be held by KinrossGold.

Advancements on Buckhorn 2.0 property are noteworthy. Adata transfer agreement with Kinross was signed in the first part ofSeptember. Up until that time there was no certainty that an agreement would be reached during the 2021 fieldseason. To avoid the loss of field time, Adamera had begun to performfield work that included geological mapping, collecting stream andpanned stream samples, ground magnetic surveys and VLF-EMsurveys.

Based on our experience in this district, detailedground magnetic surveying is an essential exploration tool. More than1141 line kilometres was surveyed, much of which was in ruggedterrain. This survey provided a high level of detail and is being usedto identify targets and structures. Importantly, the field crewrecognized and recorded the location of more than 135 historic mineworkings on the property to integrate into the geochemical andgeophysical data base.

Adamera performed 50 line kilometres of VLF-EMsurveying with plans in place to cover the remaining portion of theproperty. The VLF-EM was conducted on select parts of the property toidentify potentially mineralized structures. To that end, thereappears to be a high correlation with high gold in soil anomalies onsome interpreted structures.

In mid September, Adamera started receiving Kinrossdata including drill hole results, soil and rock geochemistry andLidar maps. The acquisition of this data triggered an enormous datareview that is continuing at this time.

Of primary interest is the results for 281 drill holesthat are providing incredible insight into the underlying geology andcontrols on mineralization. Clearly Adamera is very interested indrill holes that intersected high-grade gold mineralization. Inparticular how do those drill holes relate to the entire Buckhorn 2.0dataset, emphasizing the structural and geophysical information athand. From a purely geophysical outlook there are drill holes thathave missed what we would consider to be priority explorationtargets.

Some 15,000 soil and +1200 rock samples across theproperty have been received under the data transfer agreement. Twovery simple observations were made immediately upon plotting of thedata. 1) soil sampling appears to be working as multiple samples withelevated to high gold values form clusters associated with knownmineralization, and 2) there are significant gaps in the data wheresamples do not exist. Sampling crews were immediately mobilized toinfill unsampled areas.

The 135 known historic mine workings located byAdamera’s ground geophysical crew were modelled using Kinross LIDARdata, a remote sensing mapping tool.  Several hundred additionalsimilar features were identified in the process. More than 120 of theworkings have been investigated on the ground and sampled by ageologist. Results are pending.

In November, data for a property wide airborne VTEM(electromagnetic) survey was received under the data transferagreement. This data is currently being evaluated. Preliminary workhas identified approximately 20 priority conductors that appear not tohave been tested on the property.

This above summary captures how advanced the projectwill be once the data sets are compiled and interpreted. Two siteswere previously submitted for approval in mid 2021 based onAdamera’s data collection. Several additional sites will besubmitted shortly. As a new project for Adamera, the timing for drillpermits is not yet known and while permitting will be an ongoingprocess we are confident we will have permits by mid 2022. Investorscan expect much more news on these developments.

Talisman Copper-SilverProperty

The Talisman project straddles the USA-Canada bordernear Laurier, Washington and comprises adjoining claims in both Canadaand USA. The project is about 90 km by highway from the smelter inTrail BC. The claims cover the Talisman Mine, a copper skarn depositmined at a relatively small scale up until the 1950’s. The minegrade was reported to be approximately 5% copper with an unknownamount of tungsten. The property has been held by Adamera under careand maintenance by Adamera since 2013.

Adamera has deemed this project to be a strategicexploration opportunity. The current strength of silver and base metalprices, along with proximity to the Teck smelter in Trail BC, hasprompted the Company to consider advancing the project through apartnership with a strong base metal focused company.

Mineralization on the property is extensive. Adamerahas mapped the intermittently exposed mineralized zones over an areathat extends for more than 800 metres to the northwest and is believedto continue extending west beneath unmineralized rocks.

Empire Creek Gold Project

This epithermal style gold-silver project has been heldon care and maintenance for the past several years. It is locatedalong the western margin of the Republic Gold Graben approximately 6km south of Kinross’ past producing K2 Mine now called the CurlewBasin project. Kinross has recently reported a new discovery on thatproject and is executing on a substantial exploration/developmentbudget.

Previous surface rock and drilling samples on theproperty by Adamera has identified a number of high-grade gold andsilver targets. For example, a drill hole with 10.5 g/t gold and 183.3g/t silver over 15.2 metres proved to be of limited scope but doeshighlight the opportunity for follow up exploration.

In 2021, the Company completed a VLF-EM survey over thenorthern part of the property to test a concept related to astructural control on mineralization. The outcome of this survey willbe released as results are finalised.

Flag Hill Property GoldProject

Flag Hill is an epithermal style gold property in theheart of the Republic gold district.  It is on care and maintenanceat present.  Depending on Adamera priorities, drill permits may besubmitted in 2022 to test existing targets.

In conclusion ,we are excited about rapidly advancing our high potential targets in2022. With a healthy treasury and two strategic projects investors canexpect strong continuous news flow. Which 2022 drill hole will be the“game changer” for Adamera is yet to be determined. However giventhat we have discovery stage projects in the USA, it has been saidthat Adamera will gain a lot of industry attention when ourbreakthrough is achieved.

On behalf of the Board of Directors, I sincerely thankour team, contractors and partners for the dedication and hard work tomake 2021 a success. We look forward to a strong commodities marketand a more favourable working environment in the year ahead.

Mark Kolebaba

President/CEO

Adamera Minerals

About Adamera

Adamera Minerals Corp. is exploring for a high-gradegold deposit near Republic Washington. This area has reportedlyproduced 8 million ounces of gold. Adamera is the dominant regionalexplorer in the area.

Martin St. Pierre P.Geoph, and James Ebisch P.Geo, areQualified Persons as defined by National Instrument 43-101 and havereviewed data associated with these projects.

For additional information please contact:
Email: info@Adamera.com
Website: www.Adamera.com

The TSX Venture Exchange has notreviewed and does not accept responsibility for the adequacy oraccuracy of this release. Statements in this press release, other thanpurely historical information, including statements relating to theCompany’s future plans and objectives or expected results, mayinclude forward-looking statements. Forward-looking statements arebased on numerous assumptions and are subject to all of the risks anduncertainties inherent in resource exploration and development. As aresult, actual results may vary materially from those described in theforward-looking statements.

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