Amera Resources Corporation

Amera Resources Corporation

June 11, 2006 13:00 ET

Amera Options Nevada Properties to Astral

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 11, 2006) - Amera Resources Corporation (TSX VENTURE:AMS)(FWB:OAY)(WKN A0B54E) is pleased to announce that it has signed a Letter of Intent to option to Astral Mining Corporation (TSX VENTURE:AST) the Roy and Hills properties, located in the prolific Walker Lane Mineral Belt of West Central Nevada, where past production has yielded more than 35 million gold equivalent ounces.

The 478 hectare (1,180 acre) Roy and the 227 ha (560 acre) Hills properties have been previously sampled by Amera with several rock samples containing significant gold and silver grades. Detailed surface sampling, mapping and ground magnetics have identified drill targets on both the Roy and Hills projects.

On the Roy property a gold-silver epithermal system is hosted within an alteration zone that outcrops over a 2.25 square kilometre area. One sample of float material collected from the central portion of the claim group assayed 41.5 g/t gold (1.2 oz/ton); gold values from additional surface rock sampling to date range between 0.030 to 0.60 g/t gold. The Hills property is located 7km to the northwest of the Roy property and hosts a prospective silver-gold epithermal system within a 1km by 500m alteration area. Rock chip sampling has returned values ranging from 0.2-70.0 g/t silver and 0.1-0.2 g/t gold.

The Roy and Hills properties are situated midway between the historic mining district of Tonopah (3.5 million ounces gold equivalent) and the more recently mined Paradise Peak deposit (1.5 million ounces gold). Both the Roy and Hills claim blocks are underlain by Oligocene and Miocene-age volcanic rocks that consist of latites, quartz latites and dacite flows that have undergone epithermal alteration and mineralization prior to being covered by lacustrian volcanic sediments and Quaternary gravels.

Under the terms of this Letter of Intent, Astral may earn up to an 80% undivided interest in the Roy and Hills Properties. An initial 65% interest in the project may be earned by incurring US$2,500,000 in work expenditures over four years and issuing 500,000 common shares to Amera. Astral may then elect to earn an additional 15% interest, by issuing a further 500,000 shares and completing a bankable feasibility study, within three years. This Letter of Intent is subject to TSX Venture Exchange approval.

"This partnership is a good deal for Amera's shareholders. Besides leveraging our Nevada projects, it allows us to focus on our extensive opportunities that we have uncovered in Peru, particularly in the region of our high grade Cocha copper-silver project," stated Mr. Nikolaos Cacos, President & CEO of Amera.

"For Astral, this gives us a foothold in the Walker Lane Belt and adds another two great opportunities for us to drill and explore this year," said Mr. Manfred Kurschner, President & CEO of Astral.

The technical information in this news release has been reviewed by David A. Terry, Ph.D., P.Geo., a "Qualified Person" as defined by National Instrument 43-101. All technical information in this news release has been previously released (March 7, 2005 and April 11, 2005).

Information on the property is available on the company's website (


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.

2006 Number 08

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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