Amera Resources Corporation

Amera Resources Corporation

March 15, 2005 14:31 ET

Amera Financing Oversubscribed


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: AMERA RESOURCES CORPORATION

TSX VENTURE SYMBOL: AMS

MARCH 15, 2005 - 14:31 ET

Amera Financing Oversubscribed

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 15, 2005) - Amera
Resources Corporation (TSX VENTURE:AMS) is pleased to announce that the
1,500,000 private placement financing previously announced has been
oversubscribed by 150,000 units. To date all the subscription agreements
have been received and the Company expects to close the financing
shortly. A total of 1,650,000 units at a price of $0.55 per unit will be
issued. Each unit will consist of one common share and one-half common
share purchase warrant. Each warrant will entitle the holder to purchase
one additional common share at a price of $0.60 per share for one year.

The above offering will have a four month hold period and is subject to
acceptance by the TSX Venture Exchange.

Amera is leveraging its extensive contact network, is actively exploring
in Argentina and Peru, 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 7

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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.