Amera Resources Corporation

Amera Resources Corporation

January 30, 2006 12:49 ET

Amera Closes Financing

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 30, 2006) -

Private Placement Oversubscribed

Amera Resources Corporation (TSX VENTURE:AMS)(FWB:OAY) (WKN A0B54E) is pleased to announce that it has closed the private placement previously announced January 16, 2006 and that the financing has been oversubscribed by 112,000 units. A total of 1,412,000 units at a price of $0.60 per unit will be issued. Each unit consists of one common share and one common share purchase warrant. Each full warrant entitles the holder thereof to purchase one additional common share in the capital of the Company exercisable at a price of $0.65 per share for two years, commencing on the date of the closing of the placement. Directors, officers and business associates have subscribed for a portion of the financing.

The proceeds will be used to finance the Company's ongoing mineral exploration in Peru, Nevada and Argentina, and for general working capital. The placement securities will be issued subject to a four month hold period.


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.

2006 Number 3

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

Contact Information