Emerita Announces Board and Management Transitions
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EMERITA ANNOUNCES BOARD AND MANAGEMENT TRANSITIONS
TORONTO, April 20, 2026-- Emerita Resources Corp. (TSX-V: EMO; OTCQX: EMOTF; FSE: LLJA) (the
“Company” or “Emerita”) announces that David Gower, CEO, Director and co- founder of Emerita, and
Larry Guy, Chairman of the Company have resigned from their roles, effective immediately. Mr. Gower
will be replaced by Joaquin Merino as Interim Chief Executive Officer while the Company conducts a
search for a replacement Chief Executive Officer. David Patterson will replace Mr. Guy as Chairman.
Messrs Gower and Guy have voluntarily resigned given their presence as directors and officers has
created unnecessary distractions for the Company in light of the recently announced untested allegations
by the Ontario Securities Commission (the “Allegations”). Each of Messrs Gower and Guy strongly dispute
the Allegations and intend to contest the proceeding. They will continue to provide technical and
administrative support to the Company in a consulting capacity during this period of transition in order to
avoid any disruption to the ongoing advancement of the Company’s key activities in Spain, in particular as
it relates to upcoming development, technical and regulatory milestones for the Iberian Belt West Project
(“IBW”).
The Company expresses its sincere appreciation for the leadership, commitment and contributions of
each of David Gower and Larry Guy.
About Emerita Resources Corp.
Emerita is a natural resource company engaged in the acquisition, exploration, and development of mineral
properties in Europe, with a primary focus on exploring in Spain. The Company’s corporate office and
technical team are based in Sevilla, Spain with an administrative office in Toronto, Canada
For further information, contact:
Ian Parkinson
+1 647 910-2500 (Toronto)
www.emeritaresources.com
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
changes to the Company’s board of directors and management team and impacts thereof, the Company’s
ability to identify and secure a replacement Chief Executive Officer, the Allegations (please see the
Company’s press release dated April 9, 2026 for further details), the prospectivity of the IBW project and
the Company’s other mineral properties, the economic viability of the IBW project, the Company’s future
exploration plans 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 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
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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 result s 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 acco rdance with applicable
securities laws.
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