Amera Resources Corporation
OTC Bulletin Board : AJRSF

Amera Resources Corporation

August 23, 2007 11:59 ET

Amera Earns 51% Interest in Mogote Copper-Gold Project, Argentina

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 23, 2007) - Amera Resources Corporation (TSX VENTURE:AMS)(OTCBB:AJRSF)(FRANKFURT:OAY)(WKN:A0B54E) is pleased to announce that the Company has earned a 51% interest in the Mogote copper-gold project, located in San Juan Province, Argentina. Under the terms of the option agreement, Amera completed the necessary work expenditures and issued the required shares to Golden Arrow Resources Corporation and has exercised its option to earn its 51% interest in Mogote.

On the Mogote project, drilling by Amera has confirmed the presence of a large copper gold porphyry system on the project. Mogote demonstrates many attributes of a classic Andean-type copper-gold porphyry system and is located within a region characterized by some of the world's largest examples of copper-gold porphyry deposits and high sulphidation epithermal gold-silver deposits.

"We are very excited to be majority owners of this very impressive project," stated Nikolaos Cacos, President and CEO. "Mogote hosts excellent potential for a world-class copper-gold discovery."

Mogote is situated 70 kilometres north of Barrick Gold Corp.'s large Pascua/Veladero gold discoveries (resources of 38 million ounces gold and 750 million ounces silver) and 11 kilometres east of Xstrata plc's El Morro copper-gold discovery (inferred resources of 7.4 million ounces gold, 6.2 billion pounds copper). Barrick's 23 million ounce Cerro Casale gold-copper discovery is located 50 km to the north.

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.


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 17

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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