EMO Emerita Resources Corp

Emerita Gold Corp. (TSX VENTURE:EMO) (the "Company" or "Emerita") mobilized
field crews to its 100% owned Las Morras Property in the Extremedura Region of
western Spain (the "Property") in late January to commence exploration,
following the successful completion of its qualifying transaction on the TSX
Venture Exchange on January 10, 2013. The initial work program, which commenced
on January 25, is focused on completing geochemical surveys on the Property
where a high concentration of gold nuggets and boulders containing visible gold
have been identified (Figure 1). 


The geochemical survey is continuing and lab results from the initial sampling
have been received. The program consists of taking soil samples and heavy metal
concentrate (HMC) samples with the objective of developing targets to determine
the source of the gold in the soils. Results to date are from 12 survey lines
spaced 100 meters apart, with samples taken at 50 meter intervals along the
lines in the Central Target Area. When the presence of gold was confirmed in the
HMC samples, the line spacing was narrowed down to 50 meters apart with samples
collected every 25 meters along the survey lines. The area for which data has
been received is approximately 1.5 kilometers by 1.5 kilometers, which
represents approximately 2% of the property area (Figure 2). Results from a
total of 210 soil and 210 HMC samples have been received to date from the
ongoing program and shipped to ALS Chemex in Seville, Spain, for analysis using
fire assay (see below for assay details).


The HMC samples returned significant results (Figure 2). Thirty-three percent
(33%) of the HMC samples contained over 1.0 ppm gold and 7.5% of the samples
were over 10.0 ppm gold, with the highest value being 461 ppm gold (Figure 3).
Correlation between soil and HMC samples based on a correlation matrix
calculation is very high at 0.90. Soil sample results were also anomalous, with
gold values ranging up to 2.74 ppm gold. The Company intends to accelerate the
soil sampling component and be more selective with the HMC component of the
program in order to complete the initial geochemical coverage more quickly and
cost effectively. Approximately 1.5 hours are required to properly process a
single HMC sample, which limits the amount of ground that can be covered
quickly. Establishing a high correlation between the soil samples and the HMC
samples demonstrates that the area can be effectively surveyed with soil samples
without compromising the results, and HMC sampling can be used selectively in
areas of interest. 


The geochemical survey in the Central Target Area has identified two anomalous
areas located 500 meters apart, oriented WNW-ESE and approximately parallel
(Figure 3). The North and South anomalies can be followed for 800 meters and 500
meters respectively. Both anomalies are open at both ends, particularly to the
ESE (Figure 3). 


Although it is early in the program and the interpretations are preliminary,
initial geological mapping indicates the Las Morras geochemical anomaly is
underlain by a major shear zone. The shear zone is characterized by a zone of
high strain and quartz veined within predominantly sandstone and shale and the
shear zone strikes approximately parallel to a major scarp that marks the
contact between the Proterozoic rocks underlying the geochemical anomaly and the
Ordovician rocks to the north. The extent of the shear zone is not yet known,
but it appears to be at least 300 meters wide in the area of the geochemical
anomalies. Gold mineralization appears to occur in discrete zones within the
broad shear zone based on the limited work to date. It is not known at this time
what the extent of mineralization will be.


Preliminary mapping and prospecting in the Central Target Area has identified
gold in bedrock for the first time on the Property. This is highly significant
as it demonstrates that there is a local bedrock source for the gold in the
soils. Rock chip samples with values up to 9.82 g/t gold have been sampled in
the area of the survey (see Table 1 for list of mineralized samples and Figure 4
for sample locations; note g/t gold = ppm gold). 


A second anomalous area, the Northwest Target Area, has been identified
approximately 3.5 kilometers to the northwest (Figure 2) with abundant quartz
veins extending at least 500 meters in an east-west direction. One quartz vein
sample from this area contains visible gold in sub-outcrop. Assays are pending
for the samples in the Northwest Target Area and results will be reported in the
future when assays are received. A geochemical survey over the area is in
progress and sampling is expected to be completed in April, to be followed by
target evaluation.


Table 1 - Rock sample assay results from preliminary mapping and prospecting in
the Central Target Area, Las Morras.




----------------------------------------------------------------------------
Sample #                 UTM Easting        UTM Northing              Au ppm
----------------------------------------------------------------------------
865231                        302458             4333320                9.82
----------------------------------------------------------------------------
865248                        302486             4333341                6.44
----------------------------------------------------------------------------
865232                        302459             4333321                4.84
----------------------------------------------------------------------------
865221                        302199             4333404                2.49
----------------------------------------------------------------------------
865065                        302041             4333383                2.01
----------------------------------------------------------------------------
865083                        302087             4333373               1.195
----------------------------------------------------------------------------
865127                        302445             4333328                0.85
----------------------------------------------------------------------------
865087                        302393             4333299               0.802
----------------------------------------------------------------------------
865249                        302487             4333341               0.708
----------------------------------------------------------------------------
865051                        302134             4333368                0.69
----------------------------------------------------------------------------
865148                        302464             4333338               0.511
----------------------------------------------------------------------------
865250                        302487             4333342               0.479
----------------------------------------------------------------------------
865054                        302129             4333372               0.376
----------------------------------------------------------------------------
865067                        302043             4333392               0.339
----------------------------------------------------------------------------
865236                        302129             4333373               0.317
----------------------------------------------------------------------------
865059                        302043             4333367               0.313
----------------------------------------------------------------------------
865128                        302447             4333330               0.303
----------------------------------------------------------------------------



According to Joaquin Merino, P.Geo., President and CEO of Emerita: "It is very
exciting to see a project such as Las Morras evolving from the presence of gold
in overburden to verifying a new discovery of gold in bedrock. It is early in
the process, but within a few short weeks we have established significant
geochemical anomalies and identified significant gold grades in bedrock. We have
not yet completed the geochemical coverage or started the systematic follow up
of targets on this Property and we are already identifying gold in bedrock. It
is rare to witness the beginning of a completely new green field discovery." 


Geochemical Survey Methods

Rock samples locations are determined using GPS (global positioning system) and
described before being sent to the laboratory for analysis. All samples are
prepared and analyzed at ALS Minerals, an ISO 9001:2000 certified laboratory.
Sample preparation takes place at ALS, Seville, Spain, while chemical analysis
is executed in ALS, Jud Alba Rosia Montana, Romania. 100% of each the sample
received is weighed and crushed to 70% passing 2mm (10 mesh). A sample split of
up to 1000g is then pulverized to 85% passing 75 microns (200 mesh) to produce a
homogenized sample. A 50g aliquot is used for fire assaying with an atomic
absorption (AA) finish to determine gold concentration. If Au returns greater
than 10.0ppm, gravimetric (GRA22) methodology is run. 


Soil and Heavy Mineral Concentration (HMC) samples are analyzed in the
laboratory by the same fire assay (AA) gold concentration techniques as rock
samples. Soil samples sent to lab contain approximately 0.5-1kg of material
taken by shovel and soil auger from a predetermined grid. The HMC samples are
collected from approximately 4-5kg of soil material processed down to
approximately 50g, which is sent to ALS Minerals.


Advance Notice Policy

Emerita has adopted a new policy that requires advance notice to Emerita for
nominations of directors other than by management, through a requisition for a
meeting or by way of a shareholder proposal. 


Among other things, the policy fixes a deadline by which holders of record of
common shares of the Company must submit director nominations to the Company
prior to any annual or special meeting of shareholders and sets forth the
information that a shareholder must include in the notice to the Company for the
notice to be in proper written form.


In the case of an annual meeting of shareholders, notice to the Company must be
made not less than 30 nor more than 65 days prior to the date of the annual
meeting, provided that in the event that the annual meeting is to be held on a
date that is less than 50 days after the date on which the first public
announcement of the date of the annual meeting was made, notice may be made not
later than the close of business on the tenth day following such public
announcement.


In the case of a special meeting of shareholders (which is not also an annual
meeting), notice to the Company must be made not later than the close of
business on the 15th day following the day on which the first public
announcement of the date of the special meeting was made.


The new policy is intended to: (i) facilitate an orderly and efficient annual
general or special meeting process; (ii) ensure that all shareholders receive
adequate notice of the director nominations and sufficient information regarding
all director nominees; and (iii) allow shareholders to register an informed vote
after having been afforded reasonable time for appropriate deliberation. 


The policy is effective as of March 28, 2013 and will be placed before Emerita's
shareholders at the Company's next annual general meeting. 


The full text of the policy is available under Emerita's profile at www.sedar.com.

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. Field work at the Las Morras Property is being
conducted under the direct supervision of Mr. Merino.


About Emerita Gold Corp.

Emerita is a natural resource company engaged in the acquisition, exploration
and development of mineral properties in Spain, with a primary focus on
exploring the Las Morras Property in the Extremedura Region of Spain.


Emerita Gold Corp.

Joaquin Merino, President & CEO 

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 exploration prospects and
proposed work programs and 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.


Figures 1 to 4 are available at the following address:
http://media3.marketwire.com/docs/130408_EMO_Figures_1-4.pdf.  


FOR FURTHER INFORMATION PLEASE CONTACT: 
Emerita Gold Corp.
Marilia Bento
+ 1 416 309 2139 (Toronto)


Emerita Gold Corp.
Joaquin Merino
+34 (628) 1754 66 (Spain)
info@emeritagold.com

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