Amera Resources Corporation

Amera Resources Corporation

March 29, 2005 16:25 ET

Amera Resources Corporation: Mogote Drilling Intersects Gold-Copper Porphyry System


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: AMERA RESOURCES CORPORATION

TSX VENTURE SYMBOL: AMS

MARCH 29, 2005 - 16:25 ET

Amera Resources Corporation: Mogote Drilling
Intersects Gold-Copper Porphyry System

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 29, 2005) - Amera
Resources Corporation (TSX VENTURE:AMS) has received analytical results
from its recently completed Phase II 2,577 metre 9-hole RC drill program
on the Mogote copper-gold project in northwest San Juan Province,
Argentina. Of the nine holes, four were found to contain significant
gold-copper mineralization hosted in porphyry or in metamorphosed
volcanic sediments at the margin of porphyry.

All the Phase II drill holes were sited to test strong areas of potassic
altered diorite and monzonite porphyries within the Filo Este and Filo
Central anomalies, defined by strong magnetics, highly anomalous copper
and gold geochemistry and surface alteration. Five holes were completed
on Filo Este over an east-west strike extent of 1.4 kilometres spanning
a north-south distance of 720 metres. The remaining four holes were
spaced out over 1.6 kilometres of strike length along Filo Central. All
drill holes were located on the Argentina side of the international
border.



The significant intercepts include:

--------------------------------------------------------------------
Total Cu Au Ag
Hole Zone Depth Interval Thickness (%) (ppm) (ppm)
--------------------------------------------------------------------
MOG-6 Este 250 0-250 250 0.083 0.22
--------------------------------------------------------------------
including 176-246 70 0.158 0.36 3.0
--------------------------------------------------------------------
MOG-7 Este 287 0-287 287 0.107 0.25 3.0
--------------------------------------------------------------------
MOG-8 Este 300 4-142 138 0.093 0.47 2.0
--------------------------------------------------------------------
MOG-12 Este 300 214-276 62 0.140 0.30 1.1
--------------------------------------------------------------------


All significant intercepts were from holes on Filo Este. Drill holes
MOG-7, 8, and 12 are all located in the northwest corner of the property
and in the northwestern portion of the Filo Central anomaly. These holes
were all hosted in, or spatially related to, a newly mapped occurrence
of fine-grained monzonite porphyry that is interpreted as an early
porphyry phase that typically alters to potassic or intermediate
argillic assemblages.

Copper and gold mineralization in the drill holes was related to
potassic quartz-biotite alteration and directly related to early A-vein
density and local silicification. A-vein hosted and disseminated
sulfides include chalcopyrite, pyrite, and minor bornite. Locally, areas
of moderate intermediate argillic alteration characterized by
sericite-chlorite-pyrite were found to overprint potassic alteration.
Core holes MOG-1A, 2, 3 and 4 which were drilled in March 2004
encountered similar copper and gold values.

Targets in the southern portion of property include Zona Colorida, which
has had a single historical drillhole, and Stockwork Hill, which has had
no drilling to date. These zones have potential for high sulphidation
epithermal precious metal mineralization and deeper porphyry copper-gold
mineralization.

The Mogote Property 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.
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
Noranda/Metallica's El Morro copper-gold discovery (inferred resources
of 7.4 million ounces gold, 6.2 billion pounds copper). Placer Dome's 23
million ounce Cerro Casale gold-copper discovery is located 50 km to the
north.

The 2005 Phase II drill program was carried out under the supervision of
project geologist Steven K. Jones, M.Sc., C.P.G., a Qualified Person as
defined in National Instrument 43-101. Assays for the drilling program
were performed by Alex Stewart Labs, Mendoza, Argentina, an
internationally recognized assay service provider.

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 U.S. 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 9


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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Amera Resources Corporation
    Nikolaos Cacos
    President & CEO
    (604) 687-1828 or Toll Free: 1-800-901-0058
    (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.