Amera Resources Corporation
OTC Bulletin Board : AJRSF

Amera Resources Corporation

December 11, 2006 13:52 ET

Amera Closes Financing

Private Placement Oversubscribed

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 11, 2006) - Amera Resources Corporation (TSX VENTURE:AMS)(OTCBB:AJRSF)(FWB:OAY)(WKN A0B54E) is pleased to announce that the private placement previously announced November 15, 2006, is closed and that the financing has been oversubscribed by 700,000 units. A total of 2,200,000 units at a price of $0.35 per unit will be issued for a total gross proceeds of $770,000. 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 $0.45 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. Finders' fees of 8% cash or units and 8% warrants exercisable at $0.45 for a period of two years, were paid.

The proceeds will be used for general working capital. The placement securities will be issued subject to a four month hold period and is subject to acceptance by the TSX Venture Exchange.


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 20

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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