Amera Resources Corporation
OTC Bulletin Board : AJRSF

Amera Resources Corporation

April 12, 2007 16:37 ET

Amera Closes First Tranche of $4 Million Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 12, 2007) - Amera Resources Corporation (TSX VENTURE:AMS)(OTCBB:AJRSF)(FRANKFURT:OAY)(WKN:A0B54E) is pleased to announce that as part of its $4,025,000 brokered private placement announced March 12, 2007, it has closed a first tranche of 2,200,000 units ("Units") at a price of $0.35 per Unit for gross proceeds of $770,000 (the "Offering"). Each Unit consists of one common share ("Common Share") and one-half of one non-transferable share purchase warrant (each whole warrant, a "Warrant"). Each whole Warrant entitles the holder thereof to purchase one additional Common Share in the capital of the Company if exercised on or before April 12, 2009 at a price of $0.45 per share. If after the period expiring August 13, 2007, and upon the Company's shares trading at or above a weighted average trading price of $0.75 for 20 consecutive trading days, the Company may give notice that the Warrants will expire 30 days from the date of providing such notice. Bolder Investment Partners, Ltd. (the "Agent") acted as lead agent to the Company in respect of the Offering and received a cash commission of $43,076.25, 41,925 Units and an Agent's Warrant entitling the Agent to purchase up to 176,000 common shares in the capital of the Company at a price of $0.45 per share on or before April 12, 2009. The securities are subject to a hold period expiring on August 13, 2007.

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


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.

2007 Number 7

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

Contact Information