Amera Resources Corporation

Amera Resources Corporation

February 28, 2005 12:47 ET

Amera Adds 120 Square Kilometers to Esperanza Property


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: AMERA RESOURCES CORPORATION

TSX VENTURE SYMBOL: AMS

FEBRUARY 28, 2005 - 12:47 ET

Amera Adds 120 Square Kilometers to Esperanza Property

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 28, 2005) - Amera
Resources Corporation (TSX VENTURE:AMS) is pleased to announce that due
to the encouraging results of the last work program, the Company has
acquired 120 square kilometers (12,000 hectares) of land adjacent to the
Esperanza gold property in northern Arequipa Department, Peru. The
property now comprises of 16,000 hectares and is along strike from and
contiguous to the Poracota gold project (Buenaventura/Teck
Comino/Southwestern Resources).

Amera's technical team has confirmed that the style of mineralization,
host rocks and structural setting of the gold mineralization recently
identified at Zona Ventana and Zona Afuera on the Esperanza project are
comparable to those reported for the Poracota gold project, fifteen
kilometers to the southeast. This suggests that the area in between
Esperanza and Poracota has significant potential for similar zones of
gold mineralization. In April-May, exploration crews will begin Phase I
surface exploration of this large and highly prospective land position.
Concurrently, detailed sampling, mapping and geophysics will be
conducted on the core Esperanza claim to identify drill targets.

Amera's Esperanza project is in a similar geological setting as the
greater than 1.5 million ounce Poracota high sulphidation epithermal
gold project. Major structures in the area trend northeast to east and
northwest. The largest zone identified to date, Poracota B, has a strike
length of about 1 kilometre and a width of 100-400 metres and comprises
an upper mineralized interval 10 to 35 metres thick and a lower interval
up to 31 metres thick. Southwestern Resources Corporation reported an
"inferred resources" of 14.5 million tonnes grading 2.26 g/t gold,
representing 1.1 million ounces of gold, for the Poracota B Zone in
their 1999 Annual Report. This estimate should be treated as historical
as it was not made in accordance with the CIM Standards as defined in
Companion Policy 43-101 CP to National Instrument 43-101. Compania de
Minas Buenaventura S.A.A. has also reported an indicated resource of
1.56 million tonnes grading 10.6 g/t gold (556,000 ounces) at the
Huamanihuayta zone on the Poracota Project.

Amera is leveraging its extensive contact network and is actively
exploring in Argentina and Peru and continues to negotiate for the
acquisition of additional properties in the Americas. The Company is
committed to growth and added shareholder value through gold and
precious metal-rich polymetallic discoveries.

ON BEHALF OF THE BOARD

Mr. Nikolaos Cacos, President & CEO

To view the map please click on the following link:
http://www2.ccnmatthews.com/database/fax/2000/0228ams.jpg

Cautionary Note to US Investors: This news release may contain
information about adjacent properties on which we have no right to
explore or mine. We advise U.S. investors that the SEC's mining
guidelines strictly prohibit information of this type in documents filed
with the SEC. U.S. investors are cautioned that mineral deposits on
adjacent properties are not indicative of mineral deposits on our
properties. This news release may contain forward-looking statements
including but not limited to comments regarding the timing and content
of upcoming work programs, geological interpretations, receipt of
property titles, potential mineral recovery processes, etc.
Forward-looking statements address future events and conditions and
therefore involve inherent risks and uncertainties. Actual results may
differ materially from those currently anticipated in such statements.

2005 Number 5

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Amera Resources Corporation
    Nikolaos Cacos
    President & CEO
    (604) 687-1828 or Toll Free: 1-800-901-0058
    (604) 687-1858 (FAX)
    info@ameraresources.com
    www.ameraresources.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or the accuracy of this release.