Amera Resources Corporation
OTC Bulletin Board : AJRSF

Amera Resources Corporation

March 26, 2008 09:01 ET

Amera Announces $1 Million Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 26, 2008) - Amera Resources Corporation (TSX VENTURE:AMS)(OTCBB:AJRSF)(FRANKFURT:OAY)(WKNA0B54E) is pleased to announce a non-brokered private placement financing of up to 5,900,000 units ("Units") at a price of $0.17 per Unit, subject to regulatory approval. Each Unit will consist of one common share and one half common share purchase warrant. Each full warrant will entitle the holder thereof to purchase one additional common share in the capital of the Company for a period of two years at a price of $0.22 per share. Directors, officers and business associates may subscribe for a portion of the financing. Finder's fees may be paid.

This financing is subject to regulatory approval and a four-month hold period.

The proceeds from this financing will be used for general working capital and for further exploration and development of the Company's property portfolio in Peru.

Amera Resources Corporation is a metals exploration company focused on the Americas. Its strength lies in the discovery and advancement of prospective properties throughout North and South America. The Company is in the midst of an aggressive exploration program focused on its property portfolio in Peru. The second property, in a campaign of three successive drill programs, is currently being drilled. Management is constantly evaluating new opportunities through its extensive network of contacts in the resource sector. The Amera team is committed to growth and adding shareholder value through precious and base metal discoveries.


Mr. Nikolaos Cacos, President & CEO

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.

2008 Number 5

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.

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