CANADIAN MINING NEWS

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February 28, 2008

Advanced-Stage Exploration Values at a Bargain Price

 

With a Strong Copper/Silver Discovery in Peru –

And Three Major Projects Targeted for Drilling Over

 the Next Four Months -- This Stock Could Be

Ready for Take-Off

 

Drill Programs Include Laguna Gold Project – Formerly Placer Dome’s #1 Gold Exploration Project in Peru

 

Dear Reader:

 

Surveying the junior resource markets, it’s evident that investors have substantially tightened their selection criteria for quality resource issues over the past several months. While this factor has displaced many juniors and compressed market values across the board, there is also a major plus to this situation. That’s because this situation also now brings to light a number of exceptionally attractive advanced-stage exploration ventures that offer potentially major new discoveries or are already developing significant finds – and which are all today available at true bargain prices.

 

Take, for example, Amera Resources Corp. (TSXV: AMS; US OTC: AJRSF; $0.20 – 0.22/share). Here is the flagship, Peru-based explorer of the Grosso Group, one of the best-known explorationist groups in Canada, fielding a top-notch, highly seasoned technical and financial team, and now in aggressive drill-stage exploration across no fewer than three world-class precious and base metals projects in Peru. What’s more, Amera is now vigorously expanding across several fronts, including aggressive exploration programs across several projects, and is busy acquiring and adding still more significant gold projects to its Peruvian portfolio.

 

While under more amenable market conditions, Amera would surely be trading at several multiples of the current price, in our opinion -- today this overlooked stock trades, astonishingly, in just the C$0.20 – C$0.22/share range.

 

We use the word ‘astonishing’ because this company already has a major copper-silver discovery at its Cocha Project in central Peru. Moreover, while permits are being processed to extend the discovery with ongoing drilling programs at Cocha, Amera is now also drilling two additional high-potential properties: its 90%-controlled Laguna Gold Project – Placer Dome’s #1 exploration project in Peru before Placer was bought out in 2006 by Barrick Gold – to be followed immediately by drilling at the company’s Mitu Copper-Silver Project, a Cocha look-alike 20 km. north of Cocha.

 

Amera’s value proposition is timely:

1. The company is well-funded for all current exploration programs with approximately C$ 1 mil. in its treasury, and importantly, has the ability to raise funds at will due to the Grosso Group’s credibility in the market.
2. It has an outstanding management and technical group executing on the exploration program -- including experienced Board member David Terry, PhD, and VP of Exploration Peter Ellsworth in charge of exploration programs and with seasoned executive Nikolaos Cacos as CEO.
3. The copper-silver discovery at Cocha is deemed as highly significant and strongly suggestive of a potentially very large system. Highlights of drilling include strong mineralization near surface:

30.2 meters        2.67% Cu and 24.1 g/t Ag from 83 meters depth,

            18 meters           1.93% Cu and 17.2 g/t Ag from 32 meters depth.

            37.9 meters        3.61% Cu and 38.2 g/t Ag from 54 meters depth

            15.67 meters      2.52% Cu and 41.7 g/t Ag from 23 meters depth

 

Intensive further drill development of the Cocha and surrounding areas is now targeted to start in Q2 2008 on completion of the permitting stage, following the first two rounds of successful drilling. Amera is targeting highly favorable mineralized trends – supported by extensive geophysical and geochemical analysis – and has the geological understanding pointing to a plethora of excellent drilling targets.

 

4.   What is occurring here with Amera is that management is turning toward aggressive action on its projects starting this year. Expect ongoing drilling through most of the year, acquisitions, joint ventures, drilling of additional projects and a steady flow of news. Just this week, Amera also announced three additional significant gold properties in Peru, each of which has the potential to become a stand-alone “company-maker.” Check the company website for the news release dated February 27, 2008.

 

5.  Importantly, readers should now also be alert for upcoming news of drill results from Amera’s ongoing 2,500-meter diamond drill program at its large Laguna Gold Project. The potential impact of this project on the company’s market values should not be underestimated – considering that Laguna was formerly Placer Dome’s #1 gold exploration project in Peru. Before being bought out by Barrick Gold Corp in 2006, Placer Dome acquired something of a reputation for shedding a succession of major gold projects which subsequently became tremendous company makers for other companies (e.g., Donlin Creek, acquired by NovaGold). Amera is now drilling all six prospective gold targets identified by Placer Dome at Laguna.

 

Corporate Information

Exchange/Symbol                            TSXV: AMS

                                                            US OTC: AJRSF

Recent price range                           C$ 0.20 – 0.22

Shares Outstanding                         34.5 million

Sh Outstdg Fully Diluted               47 million

Working Capital                              C$1 million

 

Amera’s Cocha Copper-Silver Project

Year in and year out, copper accounts for approximately 15% of Peru’s exports. However, Amera and Phelps Dodge have been the only mining companies in search of the largest type, the fabled sediment-hosted copper deposit in Peru. Cocha is one of the few sediment-hosted copper discoveries in the country.

 

Sediment-hosted copper deposits originated in a marine sedimentary basin. As mineral-rich intrusives coursed through the sandstone and other sediments beneath the marine floor, copper and silver were ‘reduced’ or separated out and concentrated in long, thick horizontal layers, and these are highly amenable to inexpensive bulk-mining processes.

 

As a result, the unique copper-silver mineralization at Cocha shares many features with other of the world’s largest sediment-hosted deposits: the Lubin Deposit (115 billion lbs Cu, 2.3 billion oz Ag) in the Kupferschiefer district of Poland, and the White Pine Deposit (18.3 billion lbs Cu and 800 million oz Ag) in the Upper Peninsula of Michigan – two of the world’s largest and most profitable copper deposits which hosted several mines each.

 

Unlike Lubin and White Pine, however, the Cocha mineralization appears to have been broken into sections during the area’s subsequent tectonic uplift. And one of the major objectives here is to identify additional sections -- sheets or lenses -- of the richly mineralized layers.

 

In 2006, Amera completed an 11-hole Phase I diamond drill program across 1,394 meters at Cocha. In 2007, Amera completed a 9-hole Phase II diamond drill program across 1,321 meters. Results from both programs were excellent, indicating the potential for a major sediment-hosted deposit. Highlights are as follows:

 

Hole No.	From (m)	To (m)	Width	% Cu	g/t Ag
CO-06-03	82.90	113.13	30.23	2.67	24.1
CO-06-02	0.00	13.31	13.31	0.80	10.8
	32.02	50.03	18.01	1.93	17.2
	64.72	76.27	11.55	0.82	9.2
CO-07-20	23.46	39.13	15.67	2.52	41.7
	54.37	92.30	37.93	3.61	38.2

 

Amera’s Cocha Copper-Silver Project is a 100%-owned, 7,060-hectare property located in central Peru, approximately 220 km. to the east of Lima. The company recently expanded the property and has discovered two high-grade copper-silver targets, similar to the Central Cocha outcrop, and one new gold-copper-silver target, with bonanza-grade gold showings on surface. These must be drilled.

 

The company’s Phase-II drill program will continue in the 2Q, 2008 with an extended exploration permit, and after road and drill pad construction and I/P geophysical studies. It is anticipated to extend both copper and silver-enriched zones to depth and to locate new lenses of mineralization.

 

Very few investors are aware of this drilling program or the tremendous potential that it holds, and we are alerting our readers to this potentially value-rerating event now impending.

 

Drilling at Laguna Gold Project – Taking Up Where Placer Dome Left Off

Utilizing its excellent connections in Canada and Peru, Amera was fortunate to scoop up the Laguna Gold Project right after Placer Dome was bought out by Barrick Gold in 2006. The company is now taking advantage of Placer Dome’s extensive work-ups on this world-class gold prospect, and has launched a 2,500-meter diamond drill program to test all six major gold targets earlier identified here by Placer Dome.

 

Placer Dome was ready to start the initial drilling program at Laguna. It had performed extensive exploration throughout the Laguna area with advanced geophysical and geochemical procedures. Amera has obtained that database, which cost several million dollars and several years to produce. The exploration database identifies six high-priority, high-sulphidation gold drill targets, which all share similar characteristics to the surrounded Quicay gold mine. Importantly, Amera’s consultant on the project is Placer Dome’s former exploration manager at Laguna who had prepared the earlier work-ups leading to the company’s current 2,500-meter drilling program.

 

The company’s 20,050-hectare Laguna Gold Project is located in the prolific Cerro de Pasco District, in east central Peru, immediately west of the famed mineral belt that includes the Cerro de Pasco and Colquijirca Mines, both large polymetallic deposits. The company’s project surrounds the Quicay open-pit gold mine, which is currently in production with a resource of more than one-million oz Au.

 

Nearby to the east, the Cerro de Pasco deposits’ post-1950 production amounted to more than 175 Mt grading 7% zinc, 2% lead and 103 g/t silver. To the south, Colquijirca has an historic resource of 25 Mt grading 7% zinc.

 

The company has the option to earn a 90% interest in the Laguna project by paying US$ 1.4 million in work expenditures and US$ 900,000 in option payments over 3 years, plus, making a further US$ 4,000,000 in option payments and completing a bankable feasibility study within seven years after the exercise of the initial option.

 

We alert our readers to closely track the progress of drilling and results flowing from the current program at Laguna.

 

More Value-Creating Opportunities Ahead

 

1.         Also coming up: a 1,200-meter drilling program at the company’s 5,800-hectare Mitu copper-silver property. Although we mention the Mitu Project only briefly here, it’s classed right up with the Cocha Project in importance for the company. Company geologists call it a Cocha look-alike and it is on trend with the Cocha nearby to the north. Mitu has returned very attractive samples (grab samples have assayed 4.5% Cu and 128 g/t Ag over 1.2 meters and 6.2% Cu and 324 g/t Ag over 0.4 meters).

 

2.         Three other significant projects in Peru are actively being explored in order to identify drill targets: the Huari project, located directly to the SE of Cocha with drill targets identified by Phelps Dodge, plus two more highly prospective poly-metallic projects, Loma Colorada, and Acero.

 

3.         In Argentina, the company retains its 51%-owned Mogote gold-copper project, which lies 350 km northwest of San Juan City. The property lies between Argentina and Chile, along the Andean Cordillera, an area well-known for hosting large bulk-tonnage gold and copper deposits.

 

4.         In Nevada, Amera has joint-ventured with Astral Mining Corp. (Astral can option up to 80%), two adjacent gold projects: the Roy and Hills properties, which are located on the prolific Walker Lane Belt (past production of over 35 million oz.’s Au).

 

Qualified Management

 

Joseph Grosso, Chairman and Director – Mr. Grosso became one of the early pioneers of the mining sector in Argentina in 1993, when mining was opened to foreign investment. He has a long-standing relationship with Argentina through both business dealings and family ties. This relationship has permitted him to become acquainted with the different aspects of doing business throughout South America. In recognition of his contribution to mining in Argentina, Mr. Grosso was named Argentina's "Mining Man of the Year" for 2005. He is founder and President of Grosso Group Management Ltd. ("Grosso Group").

Nikolaos Cacos, M.I.M., Director, President & CEO – Mr. Cacos brings over 15 years of management expertise in the mineral exploration industry. His career includes administration and strategic planning for public companies in a diverse range of industries. Mr. Cacos has overseen the development of Amera Resources Corporation since inception and currently serves as an officer and director of a number of TSX Venture Exchange-listed companies. He holds a Master of International Management degree from Heidelberg, Germany and a Bachelor of Science degree from the University of British Columbia.

David A. Terry, Ph.D., P.Geo., Director – Dr. Terry's 18 years of experience has focused on exploration for a wide spectrum of precious and base metal deposits throughout North and South America . His experience has included international project management, management of exploration programs for both major and junior mining companies, as well as independent consulting assignments. He was formerly a regional geologist with the British Columbia Ministry of Energy and Mines and has worked for numerous mining companies including Boliden Limited, Westmin Resources Limited, Hemlo Gold Mines Inc., Cominco Limited and Gold Fields Mining Corporation.

 

Peter Ellsworth, Vice President, Exploration -- Mr. Ellsworth has over 22 years of experience in mineral exploration, development and mining. He has provided consulting geological services to the international mineral exploration industry working as the president of Ellsworth Geological, PC since 1992, and has served as an officer of several junior public and private exploration companies. Prior to establishing his consulting business, he was employed as a geologist for Newmont Exploration Ltd., the Montana Talc Company and Cyprus Industrial Minerals exploring and developing gold and industrial mineral deposits. Fluent in Spanish, Mr. Ellsworth directs all of Amera's exploration activities.

 

Dr. Gerald Carlson, P.Eng., Director – Dr. Carlson has over 35 years of experience in managing mineral exploration and mining development companies. His experience has focused on precious and base metal deposits around the Pacific Rim, including western North America, Mexico, Central America, South America, Australia and Asia. This experience has included independent consulting assignments, management of exploration programs for both major and junior mining companies and university-level teaching. He is currently President of Copper Ridge Explorations Inc. and a director of several junior mineral exploration companies.

 

Amera: Now’s the Time

Any of Amera’s three current drilling programs – for new sections of high-grade, sediment-hosted copper and silver at Cocha, or high-sulphidation gold mineralization at Laguna, or its Phase-One drilling for copper and silver at Mitu – could put this company on the mining industry map in a big way. We believe this overlooked junior is headed for a much higher profile in the markets, and its bargain valuations are overdue for a strong re-rate.

 

The company’s portfolio of world-class exploration projects actually ranks it as a leading advanced-stage explorer, in our opinion. Other first-ranked explorers currently trading at multiples of Amera’s valuations would find a project portfolio like this to be enviable. Coupling this with Amera’s seasoned and skilled operational team, with extensive experience in South America exploration – and especially factoring in the company’s aggressive drilling push on all fronts, as well as adding still more significant gold projects to its portfolio, to make 2008 a banner year for major growth -- we see Amera as an overlooked bargain situation meriting the immediate attention of our readers.

 

Click through to Amera’s website below, which describes each of the company’s projects in greater detail, supported by unusually high-quality photographs and graphics:

                                    http://www.ameraresources.com

 

For more information, call Alex Mason, Investor Relations, at 604-687-1828. Email: info@ameraresources.com.

 

Thank you,

The Editors

Stocks-In-Focus Advisory

Stocks-In-Focus Advisory is a client-sponsored publication and Amera Resources pays monthly fees to a related public relations firm for this communications service.

 

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