Amera Resources Corporation

Amera Resources Corporation

March 21, 2005 17:51 ET

Amera Financing Closed


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: AMERA RESOURCES CORPORATION

TSX VENTURE SYMBOL: AMS

MARCH 21, 2005 - 17:51 ET

Amera Financing Closed

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 21, 2005) - Amera
Resources Corporation (TSX VENTURE:AMS) is pleased to announce that it
has closed the private placement previously announced February 18, 2005
and March 15, 2005. A total of 1,650,000 units at a price of $0.55 per
unit were issued. Each unit consists of one common share and one-half
common share purchase warrant. Each whole warrant entitles the holder
thereof to purchase one common share in the capital of the Company for
one year at a purchase price of $0.60 per share. The proceeds will be
used to finance the Company's ongoing mineral exploration in Argentina
and Peru and for general working capital. The issued placement
securities and securities issued to the Agent are subject to a four
month hold period expiring on July 18, 2005.

Canaccord Capital Corporation (the "Agent") has received a cash
commission of $21,140.90 and agent's warrants that entitle the holder to
purchase an aggregate of 14,962 common shares of the Company,
exercisable at a price of $0.60 per share for a period of one year.
Canaccord also received a corporate finance fee payable by the issuance
of 27,000 units, having the same terms as the units offered under the
financing, 66,750 Agent's warrants were issued and an administration fee
of $5,000 payable in cash. Additionally, a cash commission of $35,310
was paid on part of the non-brokered portion of this placement.

Mr. Arthur Lang, B.Comm., C.A. has been appointed as the Company's Chief
Financial Officer. Mr. Lang is a seasoned Chartered Accountant with over
25 years of financing and accounting management. Amera's management and
directors welcome Mr. Lang's appointment and look forward to receiving
his valued input and advice.

Ms. Mar Bergstrom has been appointed as Amera's Corporate Secretary. Ms.
Bergstrom has extensive experience in the securities industry and is a
welcome addition to the Company's management team.

Pursuant to the Company's stock option plan, Amera has granted incentive
stock options to its officers, employees and consultants to purchase up
to an aggregate of 250,000 common shares in the capital stock of Amera
Resources Corporation, exercisable for a period of five years, at a
price of $0.75 per share. These options are subject to a four-month hold
period.

Amera is leveraging its extensive contact network, is actively exploring
in Argentina, Peru and Nevada and continues to negotiate for the
acquisition of additional properties in the Americas. The Company is
committed to growth and added shareholder value through gold and
precious metal-rich polymetallic discoveries.

ON BEHALF OF THE BOARD

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.

2005 Number 8

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Amera Resources Corporation
    Nikolaos Cacos
    President & CEO
    1-800-901-0058 or (604) 687-1828
    (604) 687-1858 (FAX)
    info@ameraresources.com
    www.ameraresources.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or the accuracy of this release.