Amera Resources Corporation

Amera Resources Corporation

March 07, 2005 09:00 ET

Amera Stakes Gold Properties in Nevada and Commences Ground Magnetics Survey


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: AMERA RESOURCES CORPORATION

TSX VENTURE SYMBOL: AMS

MARCH 7, 2005 - 09:00 ET

Amera Stakes Gold Properties in Nevada and Commences
Ground Magnetics Survey

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 7, 2005) - Amera
Resources Corporation (TSX VENTURE:AMS) is pleased to announce that it
has staked two claim blocks in the Roysten Hills of west central Nevada.
The 478 ha (1,180 acre) Roy claim block and the 227 ha (560 acre) Hills
claim block are located 45 kilometers northwest of Tonopah along the
northern margin of the prolific Walker Lane epithermal belt which has
seen past production of more than 35 million gold equivalent ounces. A
ground magnetics survey by Quantec Geophysics is currently underway on
both properties to refine targets for drill testing.

These acquisitions build on Amera's ongoing strategy to acquire
attractive gold properties in high potential mineral districts. This
generative program in Nevada is being administered under the guidance of
Steven K. Jones, CPG, who has a long history of successful exploration
work in that state. During his career he has played a key role in
several gold discoveries in Nevada.

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). The
Roy property is a gold-silver epithermal system that contains values
grading up to 41.0 grams per tonne (g/t) gold (1.2 oz/ton) while the
Hills property is a silver-gold epithermal system with values grading up
to 0.21 g/t gold and 75 g/t silver. 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.

Roy Property

The gold-rich Roy mineral system is largely a covered anomaly with few
outcrops of anomalous alteration that are seen through the lacustrian
and gravel cover. Several short rotary drill holes were found testing
the more silicified alteration on the Roy property, but the majority of
alteration and covered potential remain untested by drilling.
Outcropping alteration is found over an area of 1.5 by 1.5 kilometres.

Three separate zones of alteration were mapped and sampled at the Roy
property with the most significant silicified alteration found on a 400
metre long outcrop within the Southern Zone. Alteration in the Southern
Zone consisted of moderately silicified and quartz veined dacite flows
along a narrow structural trend that also underwent pervasive argillic
wallrock alteration throughout the zone. Anomalous gold values range
from 30 to 600 ppb gold with one anomalous float sample of quartz vein
material assaying 41.5 g/t gold. Sample widths were generally one metre
or less and sampling was carried out on argillic as well as silicic
alteration. The Southern Zone is weakly anomalous in silver with values
up to 21 g/t, but is moderately to strongly anomalous in arsenic,
antimony, and manganese.

The Northern Zone of alteration on the Roy property is characterized by
weakly silcified dacite flows contained within moderate argillic
wallrock alteration. Samples are anomalous in gold with values ranging
up to 65 ppb. Arsenic and antimony are also anomalous. The Western Zone
of alteration at Roy is characterized by moderate to strong silification
of dacite and latite volcanics. The Western Zone is centered on a
prominent hill that has undergone most of the past drilling. This area
underwent limited sampling by Amera and was weakly anomalous in gold
with a high value of 37 ppb.

Hills Property

The silver-rich Hills property is located 7 kilometers northwest of the
Roy claims. It hosts one significant zone of alteration that measures
1.0 by 0.5 kilometres and is characterized by pervasive phyllic
alteration that hosts moderate sheeted and stockworked calcite veins up
to 1.0 centimeter in width. The alteration is hosted in latite and
quartz latite volcanics of probable Oligocene age. Several samples were
anomalous in silver and gold with values ranging from 0.2-70.0 g/t
silver and 0.1-0.2 g/t gold. The alteration is moderately anomalous in
antimony, manganese, and arsenic, and is believed to be the upper levels
of an epithermal system due to the pervasive degree of calcite-phyllic
alteration. Significant covered potential also exists on the Hills
property that has not had previous drilling or surface sampling.

Both properties are located in Nye County, Nevada which has a long and
rich mining history that continues up to the present.

All sample results reported in this news release were collected under
the supervision of Steven K. Jones, CPG, a Qualified Person as defined
by National Instrument 43-101, who has verified the results presented in
this release. Amera employs a rigorous quality assurance, quality
control program on its projects to ensure that sampling and analysis of
all exploration work is conducted in accordance with the best possible
practices. Assays and analyses from reported herein were completed at
ALS Chemex Labs Ltd. in North Vancouver. Amera holds a 100% interest in
both the Roy and Hills properties that were located with 20-acre mining
claims over federal land administered by the Bureau of Land Management.

A technical report for each property is available on the Company's
website (www.ameraresources.com).

Amera is leveraging its extensive contact network and 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 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 6


-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Amera Resources Corporation
    Nikolaos Cacos
    President & CEO
    (604) 687-1828 or 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.