Amera Resources Corporation
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Amera Resources Corporation

September 04, 2007 11:28 ET

Amera Discovers Three New Zones on Cocha; Drilling Planned in mid-September

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 9, 2007) - Amera Resources Corporation (TSX VENTURE:AMS)(OTCBB:AJRSF)(FRANKFURT:OAY)(WKN:A0B54E) is pleased to announce that the Cocha copper-silver property has been expanded and now covers a total of 7,060 hectares. Surface exploration and sampling work carried out over the entire property over the past several months has resulted in the identification of three new zones of high-grade mineralization (see Map 1), and a number of additional showings. To date, a total of 482 rock and 926 soil samples have been taken on the property.

Two of the zones (North Cocha and South Cocha) host copper-silver mineralization, similar to the Discovery Outcrop Trend, while the East Cocha Zone is characterized by gold-silver-copper mineralization (see Table 1). Highlights include:

North Cocha

- 2.65% copper and 8.9 g/t silver over 0.5m

South Cocha

- 0.80% copper and 8.9 g/t silver over 10.0m

- 2.80% copper and 105 g/t silver over 0.40m

East Cocha

- 6.97 g/t gold, 53.4 g/t silver and 3.1% copper over 0.7m

These three new mineralized zones and additional showings add significantly to the potential of the Cocha project where drilling along the Discovery Outcrop Trend at the Central Cocha Target in 2006 intersected 30.23m grading 2.67% copper and 24.1 g/t silver in diamond drill hole COCHA-06-03. A Phase II drill program which will follow up on last years drilling along the Discovery Outcrop Trend and provide a first test of the South Cocha target is planned to commence in mid-September. Surface work to advance the other targets on the property to the drill stage is proceeding in tandem with drill pad permitting.

The style of mineralization discovered on the Cocha property is interpreted by Amera as sediment-hosted copper-silver type, comparable to the giant Lubin Deposit (115 billion pounds of copper, 2.3 billion ounces of silver(1)) in the Kupferschiefer district of Poland and the White Pine Deposit (18.3 billion pounds of copper and 800 million ounces of silver1) in the Upper Peninsula of Michigan.

Technical Summary

North Cocha

The North Cocha copper-silver target is located 1.8km northwest of the Central Cocha Target. A number of historical surface workings occur in areas of stratabound copper-silver mineralization and occur over a strike length of 800m mainly within five oxidized domains which vary between 90 and 200m in strike with widths between 15 and 20m.

To date a total of 95 rock chip samples have been collected in the area over sample widths ranging from 0.3 to 6.3m. Rock sample results for copper range from 3 ppm to 26,500 ppm (2.65%), for a 0.5m chip sample, and average 908 ppm; silver ranges from 0.1 ppm to 8.9 g/t, for a 0.5m chip and averages 1.0 g/t (see Table 1). 550m to the southeast a probable extension to the zone was identified and a total of 18 rock samples were collected over widths of 0.4 to 4.0m. In this area rock chip results for copper range from 8 to 15,300 ppm (1.53%) and average 5305 ppm; silver results range from 0.1 to 16.0 g/t and average 3.7 g/t.

The area is underlain by a sequence of grey to dark grey, finely-bedded limestone of the Upper Ordovician Tarma Group, in fault contact with red sandstone and purple volcaniclastic rocks of the Upper Permian Mitu Group. In the mineralized area the limestone has been recrystallized and contains calcite veinlets with disseminated chalcopyrite. Bedding in the area strikes 295 degrees and dips 75 degrees northeast. Two orientations of faulting occur; one related to the mineralization at 295 degrees dipping 75-80 degrees northeast, and a second at 30 degrees-40 degrees dipping 80 degrees southeast that cuts the other orientation. Mineralization appears to be concentrated at the interceptions of these faults.

The main area has been mapped at a scale of 1:2,500. Further surface work including soil sampling is required to identify drill targets.

South Cocha

The South Cocha copper-silver target is located 3.5km south of Central Cocha. The area also has a number of small underground workings believed to date back to the 1960s. It is underlain by carbonaceous red sandstones and purple volcaniclastic rocks of the Permian Mitu Group overlain by the Pucara limestones. Two styles of mineralization are observed: 1) replacement of a Pucara limestone bed near the Mitu contact and 2) mineralization associated with irregular tectonic breccias. Mineralization comprises chalcopyrite, bornite, malachite azurite associated with calcite, pyrite and quartz. The Southern Cocha Zone is traceable for over 900m of strike and varies from 3 to 20m in width with anomalous mineralization over up to 150m width. A probable extension to the South Cocha zone is located along strike 850m to the northwest of the main zone.

Three sets of faults in the area have locally brecciated the limestones; 1) a pre-mineralization northwest-southeast trending set, 2) an east-west set and 3) a northeast-southwest one. The northwest-southeast trending mineralized structure extends for approximately 1km with mineralization most concentrated where it intercepts the other two fault orientations. Fresh porphyritic dacite-andesite outcrop along the northwest-southeast fault zone.

Work to date has included geological mapping, prospecting and surface geochemistry. Rock chip samples were collected along lines spaced at approximately 300m. A total of 162 rock chip samples, ranging in width from 0.1 to 20m, were collected with the objective of delineating the mineralized structure. Rock sample results for copper range from 2 ppm to 25,300 ppm (2.53%), for a 0.1m chip sample, and average 2,221 ppm; silver ranges from 0.1 g/t to 343 g/t, for a 0.3m chip, and averages 15.3 g/t; lead ranges from less than 2 ppm to 172,000 ppm (17.2%), for a 0.5m chip sample, and averages 2441 ppm; and zinc ranges from 7 ppm to 5570 ppm, for a 1m chip sample, and averages 523 ppm (see Table 1). 850m northeast of the main South Cocha zone a probable extension was sampled with assays returning up to 3.53% Cu and 127 g/t silver from a grab sample and 2.8% copper and 105 g/t silver from a 0.4m chip sample.

Several diamond drill holes are planned to test the Southern Cocha target as part of the upcoming Phase II drill program.

East Cocha

The East Cocha gold-silver-copper target is located 4.5km southeast of Central Cocha. Numerous old workings exist in the area, some of which are also believed to date back to the 1960s. The area is underlain by red sandstones and volcaniclastic rocks of the Mitu Group. No intrusive rocks have been noted in the area to date.

Mineralization comprising chalcocite, chalcopyrite, bornite, covellite, malachite associated with barite, calcite and quartz is hosted by an ash tuff bed. The mineralized zone trends 345 degrees and dips at 75 degrees-80 degrees northeast with mineralization being observed over 1km of strike extent with widths ranging from 0.3 to 3m.

To date a total of 13 rock samples have been collected ranging from grab samples to 10m chip samples. Gold values range from less than 0.05 ppm to 6.7 g/t, over 0.7m, and average 0.93 g/t (see Table 1). Silver values range from 0.5 to 185 g/t, over 0.45m, and average 42.5 g/t. Copper values range from 41 ppm to 60,100 ppm (6.01%), over 1m, and average 17,495 ppm (1.75%). The area is being mapped at 1:25,000 scale and a program of additional rock and soil sampling is underway to further delineate the mineralization and locate drill targets.

ALS Chemex Laboratories, an internationally recognized assay service provider, in Lima, Peru and North Vancouver, Canada, performed analyses for the samples reported herein. The technical information contained in this release has been reviewed by Dr. David A. Terry, P.Geo., Vice President Exploration for Amera, a Qualified Person as defined in National Instrument 43-101.

Amera Resources Corporation is a metals exploration company focused on the Americas. The Company has three drill-ready projects in Peru; is advancing others to the drill stage; and, is fully funded to carry-out its exploration programs. Amera is constantly evaluating new opportunities through management's network of contacts in the resource sector. The Company is committed to growth and adding shareholder value through precious and base metal discoveries.

ON BEHALF OF THE BOARD

Mr. Nikolaos Cacos, President & CEO

(1) Sediment-Hosted Copper Deposits of the world: Deposit Models and Database By Dennis P. Cox, David A. Lindsey, Donald A. Singer and Michael F. Diggles; USGS Open-File Report 03-107 Version 1.0

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 18



Table 1: Rock Sample Highlights from North Cocha, South Cocha and East
Cocha Zones

--------------------------------------------------------------------------
Sample Width Cu Cu Ag Au Pb Zn
Sample Zone Type (m) (ppm) (%) (g/t) (g/t) (ppm) (ppm)
--------------------------------------------------------------------------
425475 North less
Cocha channel 0.50 26,500 2.65 8.9 than
0.005 58 39

425516 North chip
Cocha channel 3.00 9,500 0.95 1.4 0.008 7 22

426819 North chip less
Cocha channel 2.50 4,160 0.42 0.4 than
0.005 7 15

425505 North chip
Cocha channel 5.00 3,700 0.37 4.3 0.026 24 28

425419 North
Cocha Ext channel 2.00 15,300 1.53 6.6 0.056 9 1

425418 North
Cocha Ext channel 2.00 14,700 1.47 14.3 0.029 17 49

425424 North
Cocha Ext channel 0.50 13,800 1.38 16.0 0.022 7 2

425978 North less
Cocha Ext channel 0.20 12,500 1.25 than
0.2 0.040 13 12

425420 North
Cocha Ext channel 2.00 11,100 1.11 5.8 0.031 12 18

425556 South
Cocha channel 0.10 25,300 2.53 157.0 0.006 745 1,390

425570 South less less
Cocha grab 13,800 1.38 than than
0.2 0.005 26 571

425923 South less
Cocha channel 2.50 10,001 1.00 23.9 than
0.005 3,090 2,020

425847 South less
Cocha channel 1.60 9,170 0.92 9.4 than
0.005 134 542

425664 South less
Cocha channel 1.00 9,130 0.91 70.1 than
0.005 1,120 1,335

425818 South less
Cocha grab 9,040 0.90 96.1 than
0.005 937 1,050

425918 South less
Cocha channel 2.50 8,800 0.88 18.9 than
0.005 203 1,510

425986 South
Cocha channel 3.00 8,330 0.83 13.5 0.005 3,780 913

425820 South
Cocha channel 10.00 7,950 0.80 8.9 0.005 26 378

425563 South less
Cocha channel 1.00 7,630 0.76 10.5 than
0.005 95 375

425938 South chip less
Cocha channel 3.00 7,620 0.76 10.9 than
0.005 27 361

426004 South chip less
Cocha channel 4.00 7,530 0.75 36.1 than
0.005 754 936

425929 South chip less
Cocha channel 3.00 7,500 0.75 43.7 than
0.005 1,030 523

426013 South chip
Cocha channel 3.00 7,190 0.72 5.7 0.008 89 613

425740 South chip less
Cocha channel 2.20 6,970 0.70 42.9 than
0.005 709 523

425837 South chip
Cocha channel 3.10 6,300 0.63 6.1 0.005 75 294

425741 South chip less
Cocha channel 2.60 6,270 0.63 43.1 than
0.005 212 451

425559 South less
Cocha channel 1.20 6,000 0.60 22.4 than
0.005 1,670 2,200

425921 South chip less
Cocha channel 2.50 5,660 0.57 36.1 than
0.005 523 318

425568 South chip
Cocha channel 4.00 5,600 0.56 32.5 0.005 218 393

425569 South chip less
Cocha channel 1.00 5,370 0.54 14.5 than
0.005 216 657

425935 South chip less
Cocha channel 2.00 5,170 0.52 10.3 than
0.005 96 420

425567 South chip
Cocha channel 1.00 5,110 0.51 5.9 0.009 71 344

425411 South
Cocha Ext grab 35,300 3.53 127.0 0.009 35,000 3,120

425413 South
Cocha Ext channel 0.40 28,000 2.80 105.0 0.019 1,415 1,510

426019 South chip less
Cocha Ext channel 2.50 12,300 1.23 91.9 than
0.005 3,640 682

425415 South
Cocha Ext channel 0.50 9,700 0.97 51.2 0.006 7,890 950

426849 South chip
Cocha Ext channel 2.50 6,570 0.66 25.0 0.003 1,450 297

425550 East
Cocha channel 0.70 31,600 3.16 53.4 6.970 65 7

425489 East
Cocha channel 0.45 42,000 4.20 185.0 1.935 14 11

425491 East
Cocha grab 19,900 1.99 51.1 1.555 11 9

425487 East
Cocha channel 0.35 36,000 3.60 126.0 0.941 5 8

426021 East chip
Cocha channel 3.00 2,290 0.23 8.1 0.429 8 5

425642 East
Cocha channel 1.00 60,100 6.01 79.5 0.107 7 11

425490 East
Cocha channel 0.60 11,400 1.14 34.3 0.049 3 7

426020 East chip
Cocha channel 10.00 933 0.09 9.7 0.027 12 19

Note 1 g/t equals 1 ppm and 10,000 ppm equals 1%


To view Map 1: Cocha Property and Zones, please click on the following link: http://www.ccnmatthews.com/docs/0904ams.jpg

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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