EMO Emerita Resources Corp

Emerita Gold Corp. (TSX VENTURE:EMO) (the "Company" or "Emerita") provides the
following update regarding the Company's exploration program at its 100% owned
Las Morras Property in the Extremadura Region of western Spain (the "Property")
(Figure 1). The Company is continuing to evaluate the Property and is generating
targets that will be tested by trenching and/or drilling this year. 


Geochemical Surveys: 

Two areas with highly anomalous gold in soil have been identified to date within
the Las Morras Property - the Central and the Northwestern target areas (Figure
2). 


The Central area is characterized by two gold anomalies that are approximately
300 metres wide and extend 500 meters and 800 meters in an east-west direction,
respectively. The anomalies are open to both the east and west directions (See
Press Release April 8th, 2013). 


The Northwestern area, which was identified during field mapping, is
characterized as an extensive area where a high concentration of quartz boulders
and quartz in outcrop were observed, some of which contain visible gold. Heavy
mineral panned concentrates also indicated a high number of gold grains in the
soils. This area was subsequently covered by a geochemical soil grid and
additional rock and heavy mineral concentrate (HMC) samples were collected
(Figure 3) on survey lines 525 meters long spaced 100 meters apart, with samples
taken at 25 meter intervals. The grid extends for 800 metres. Geochemical
results are compiled in Tables 1-3 below. 


The survey identified anomalous gold in the Northwestern area, indicated by
sampling (HMC, soil and rock) that extends approximately 700 metres long and
over 100 metres wide (Figure 3). This anomaly remains open to the West and East
directions. The Company interprets that the gold anomaly highlighted by the
geochemical survey in the Northwestern area corresponds to a shear zone within
the Precambrian schist-greywacke complex (SGC). The Northwestern area strikes
approximately east west and is about 3.0 kilometres from the Central Area
(Figure 3). 


Structures associated with the Northwest and Central areas will be the primary
targets for testing in the upcoming programs. 


Also during the process of property scale geological mapping, the Company
identified more than 20 ancient workings that were previously not documented.
These ancient workings are typically hand excavated pits and trenches into
shallow bedrock characterized by abundant quartz in the vicinity. Occasionally
samples of quartz floats from the waste piles carry gold. The anomalous zones in
the Central and Northwestern areas are coincident with several of these pits
(Figure 4). These ancient excavations attest to gold having been widely
identified on the property in the ancient past and further demonstrate the
importance of a systematic approach to evaluating the property for a significant
gold deposit. 


The Company has also completed a remote sensing study to assist in the
structural interpretation of the Property (see details below). Outcrop in the
region of the anomalies is sparse and initial follow up with trenches designed
to provide detailed structural information in advance of drilling is planned for
September.  


According to Joaquin Merino, P.Geo., President and CEO of Emerita: "We have
identified two extensive anomalous zones (the Central area and the Northwestern
area) that could represent mineralized shear zones. Collectively they extend for
a length of at least two kilometers. We continue to investigate the target areas
and evaluate the remainder of the property for new anomalies. The geochemical
coverage only represents approximately 10% of the property and mapping continues
to identify additional areas for follow up". 


Detailed Geological/Structural mapping 

Following remote sensing analysis (described below), detailed geological and
structural mapping was carried out on the Property, including the Northwestern
and Central areas (Figure 8). Although outcrops are not abundant, the dominant
lithologies underlying the Property are slates and greywackes of Rifean/Upper
Vendian age (Precambrian) that correspond to the Schist and Greywacke Complex
Domain (SGC). The SGC is partially covered by Plio-Quaternary alluvial deposits
related to an active drainage basin. This material is believed to come from the
Armoricans quartzites of the Sierra Chimena in the north. 


A 0.2 to 0.5 metre thick regolith is developed on top of the Precambrian slates
and greywackes. Most of the gold on the Property has been found in the SGC
regolith in the form of gold grains, nuggets and in quartz boulders. The soil
anomalies identified in the Central and Northwestern areas and the ancient
workings, where quartz boulders with visible gold have been found, are also in
the SGC regolith. No gold has been seen in the Armorican quartzites or in the
Plio-Quaternary alluvial deposits. As a preliminary conclusion, initial
geological mapping indicates the Las Morras geochemical anomalies and gold
occurrences are underlain by a major shear zone system hosted by the SGC with
two preferential directions, the WNW-ESE regional structural direction and
ENE-WSW direction. This shear zone system is interpreted to be the most likely
source for gold anomalies and mineralized rock samples observed to date and the
Company plans to initiate a trenching program to expose this system for more
detailed analysis. 


Remote Sensing Analysis: 

A multispectral remote sensing analysis of images covering the Las Morras
Property was completed to assist with mapping lithologies, structures and
lineations. Two Landsat (TM and ETM+) images and one ASTER (Level 1-B) image
were analyzed. The acquisition date of the Landsat TM and Aster images were
selected within the late spring - summer interval, because at that time the soil
is nude and therefore its spectral analysis can be direct. By contrast, the
Landsat ETM+ image selected was acquired early in spring, when the vegetation
cover is still predominant. This was done with the intention of detecting
vegetation changes potentially related to substrate compositional variations. 


With the techniques used it is possible to map the majority of lithologies in
the area, as illustrated in Figure 5. The image maps the limits of the
Precambrian schist-greywacke complex, and the areas underlain by the Palaeozoic
outcrops ("Sierra de la Chimenea" in the north). It is also helpful in
identifying, the associated alluvial fan deposits coming off the scarp to the
north as well as Tertiary and Quaternary alluvial deposits regionally. 


The analysis of the Aster image identified structural lineations within the
concession. One set of lineations (depicted in red color in Figure 6) runs
parallel to the WNW-ESE regional structural direction dominating the northern
Sierra de la Chimenea outcrops. These lineations also coincide with the
direction N-100-120E previously measured by the Company in the field (Figure 7).
Another set of lineations (in yellow color) depicts an ENE-WSW direction that
coincides with the primary direction of the structurally controlled Guadiana
River in the area. These lineations are at an angle that may indicate they are
conjugate structures intersecting in the Central and Northwest areas. 


Increased Land Position 

In April 2013, the Company submitted four new exploration applications to the
mines bureau of the Extremadura Regional Government covering an area adjacent to
its Las Morras exploration permit. The applications were accepted in June 2013
and it is expected that exploration permits will be granted in September 2013.
The Company is seeking to expand the Property because the Northwestern area
trends off the Property and there have been a number of additional areas where
gold nuggets have been observed and historical workings identified outside of
the existing Property boundary. 


The new area will cover nearly 30,000 hectares totaling 1,000 claims that are
grouped in four new exploration permits named "Manchuela", "El Alandre",
"Matajarda" and "Garbayuela". (Figure 8).


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. 


Options Grant 

The Company has granted a total of 560,000 stock options to certain directors
and consultants of the Company. The options have an exercise price of $0.10 and
expire three years from the date of grant. The options vest immediately, with
the exception of options granted to persons providing investor relations
services to the Company, which will vest over a period of 12 months in four
equal installments with the first installment vesting three months from the date
of grant. The grant of options remains subject to approval by the TSX Venture
Exchange.


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 Extremadura Region of Spain.


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 8 and Tables 1 to 3 are available at the following address:
http://media3.marketwire.com/docs/EMO_0829.pdf


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.


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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