Phase II drilling at Amera’s 100% owned Cocha Copper-Silver Project intersected significant mineralization. The most noteworthy drill hole intersected 37.9 meters averaging 3.61% copper and 38.2 g/t silver. Previous drilling intersected 2.67% copper and 24.1 g/t silver over 30 meters.
       The Cocha Project is located in central Peru and has four mineralized zones, including three significant high-grade copper-silver zones and a gold-copper-silver zone including bonanza grade gold targets over widths up to two meters that intermittently outcrops over 600 meters of strike length and potentially extending up to two kilometers. Additional properties adjacent to Cocha and recently optioned from Phelps Dodge (now Freeport-McMoRan) also have yielded high grade copper-silver targets.
       Cocha’s sediment-hosted geology is similar to that at two world class mines: the Giant Lubin deposit in Poland (115 billion pounds of copper and 2.3 billion ounces of silver) and at the White Pine Deposit in Michigan (18 billion pounds of copper and 800 million ounces of silver).
       Exploratory drilling to date has identified a high-grade mineralized body that dips 60 degrees to the northeast, and has an average true width of 22 meters. The vertical depth of the mineralized body extends to 100 meters from surface. Further exploratory drilling is expected to resume once additional permitting, road and drill pad construction is completed. The program will cover untested North, South and East Cocha targets, as well as continue to drill the Central Cocha target along strike. Depending upon the results of this drilling program, Amera may do additional infill drilling to develop an NI 43-101 resource.
       “These results confirm the high-grade nature of the copper-silver mineralization,” says Amera President Nikolaos Cacos. “Our focus on Cocha will be to further expand the known high grade copper zones and drill test new targets on the property. Cocha, which has better thickness and better grades than Lubin and White Pine, has the potential to be a real company-maker.”
       On the Cocha copper-gold-silver project in Junin a ground magnetic and Induced Polarization (IP) geophysical survey is underway. Grids are being surveyed over the Central Cocha copper-silver, South Cocha copper-silver and East Cocha gold-copper-silver targets to identify anomalies reflecting the below-surface distribution of the mineralized zones sampled on surface and, in the case of Central Cocha, in drill holes completed to date. Once all data has been collected and interpreted, and permitting for an expanded drill program has been completed, a minimum 2000m drill program to test all three targets is planned to commence.

       Amera also is continuing its quest to acquire potential major mining projects. A special team has been tasked with evaluating potential property acquisitions.
       • Mitu Project – Amera’s 100%-owned Mitu Copper-Silver Project is slated for exploration drilling. The 5,800-hectare property is located in the Junin Department and is geologically similar to the Cocha Project. Previous chip sampling yielded 4.5% copper and 128 g/t silver over 1.2 meters and 6.2% copper and 324 g/t silver over 0.4 meters. An IP geophysical survey is underway that will further define drill targets on the property.
       • Loma Colorada Project – The Company signed a letter of intent to option up to a 100% interest in the Loma Colorada copper-gold property, located in Peru’s Andean-Pacific copper-molybdenum porphyry belt. The company also acquired a geochemical database including gold and ICP multi-element analyses of surface rock chip, channel and colluvium composite samples. The data indicate the presence of a large tonnage porphyry copper exploration target. Amera plans to aggressively explore the entire intrusive body. Construction of a four-kilometer road will be followed by trenching, channel sampling, geologic mapping, IP studies and drilling.
       • Acero Project – Exploration on this 100% Amera-owned, 1700 hectare, porphyry copper-gold project has yielded results from preliminary surface sampling that range up to 1.15% copper over 30.0 meters and 0.74% copper over 50.0 meters. Work to date by the Company has comprised preliminary mapping, rock and silt sampling focused on the eastern portion of the property in the general area where limited previous drilling was carried out. Amera is planning a comprehensive surface exploration program to identify drill targets on the core area and to evaluate the remainder of the property, once access permits are obtained from the local community.
       • Minera Phelps Dodge JV Projects – Amera, through its subsidiary Amera Resources (BVI) Inc., entered into two option agreements with Minera Phelps Dodge del Peru S.A.C. (“MPDP”), an indirect subsidiary of Freeport-McMoRan Copper & Gold Inc., to earn up to a 70% undivided interest in six exploration properties in Peru. Four of these projects are located in the Junin and Huancavelica Departments, central Peru and one is located in the Arequipa Department of southern Peru.
       • Geologix JV Projects – Amera signed a Letter of Intent with Geologix Explorations Inc. to earn up to a 70% interest in three gold properties totaling 3,200 hectares in Huancavelica Department, south-central Peru. The properties are all located within the prolific Southern Peru Epithermal Gold-Silver Belt that hosts the Liam, Santa Rosa, Orcopampa and Rescatada deposits.
       All three properties are located in a highly prospective geological environment characterized by hydrothermally-altered and geochemically anomalous Tertiary volcanic rocks typical of epithermal systems. This combined with nearby competitor activity and the location of the Geologix properties within the prolific Southern Peru Epithermal Gold-Silver belt makes these targets a high priority for Amera.
       “Our drilling and exploration efforts going forward on all our properties are focused on expanding known mineralized zones and testing new targets,” says Amera President Nikolaos Cacos. “We firmly believe that all of Amera Resources’ projects have the potential to become large-scale discoveries.”

       The company has moved aggressively to build an extensive exploration team in Peru of more than 20 people, including seven local geologists. The company’s strong management team was recently bolstered with the appointment of Peter Ellsworth as Vice President of Exploration, and the elevation of Dr. David Terry to the company’s Board of Directors. Dr. Terry previously served as VP of Exploration. Ellsworth has over 22 years of exploration experience, primarily in North and South America. These appointments are part of the company’s continuing effort to accelerate exploration and develop Amera’s growing portfolio of projects in Peru.