Phase II drilling at Amera’s Cocha Copper-Silver Project intersected significant mineralization. The most significant drill hole included 37.9 meters averaging 3.61% copper and 38.2 g/t silver. Previous drilling intersected 2.67% copper and 24.1 g/t silver over 30 meters.
       The Cocha Project is located in central Peru and has four mineralized zones, including three significant high-grade copper-silver zones and a gold-copper-silver zone including bonanza grade gold targets over widths up to two meters that intermittently outcrops over 600 meters of strike length and potentially extending up to two kilometers. Additional properties adjacent to Cocha and recently optioned from Phelps Dodge also have yielded high grade copper-silver targets.
       Cocha’s sediment-hosted geology is virtually identical to that at two world class mines: the Giant Lubin deposit in Poland (115 billion pounds of copper and 2.3 billion ounces of silver) and at the White Pine Deposit in Michigan (18 billion pounds of copper and 800 million ounces of silver).
       Exploratory drilling to date has identified a high-grade mineralized body that dips 60 degrees to the northeast, and has an average true width of 22 meters. The vertical depth of the mineralized body extends to 100 meters from surface. Amera is planning IP geophysical studies on the property to define outcropping targets. Further exploratory drilling is expected to resume once additional permitting, road and drill pad construction is completed. The program will cover untested North, South and East Cocha targets, as well as continue to drill the Central Cocha target along strike. Depending upon the results of this drilling program, Amera may do additional infill drilling to develop an NI 43-101 resource.
       “These results confirm the high-grade nature of the copper-silver mineralization,” says Amera President Nikolaos Cacos. “Our focus on Cocha will be to further expand the known high grade copper zones and drill test new targets on the property. Cocha, which has better thickness and better grades than Lubin and White Pine, has the potential to be a real company-maker.”

       Amera has commenced drilling on six high priority targets previously identified by Placer Dome, owner of the Laguna gold property prior to its takeover by Barrick. The 2,500 meter diamond drill program will test whether the targets indicate the presence of a Quicay-style high sulfidation epithermal gold deposit.
       The 20,050-hectare Laguna Project, is located in the prolific Cerro de Pasco mining district in west central Peru, surrounds the producing Quicay gold mine. The project also lies immediately west of the mineral belt that hosts several major polymetallic deposits including Cerro de Pasco, one of the world’s largest polymetallic resources.
       In 2005, Placer Dome acquired the Laguna property and carried out a property-wide geochemical survey, reviewed prior airborne survey and identified 37 drill targets that have geological characteristics similar to the Quicay deposit. Amera, which owns outright half the Laguna property, picked up Placer Dome’s option for up to a 90% interest on the rest of the property. The company also acquired Placer Dome’s sizable exploration database which would cost several million dollars to produce today.
       “Laguna presents Amera with an exciting opportunity,” says Cacos. “Placer Dome, the previous owner, never had the opportunity to drill test identified targets. The property is surrounded by gold mines, so the odds of finding a gold deposit are higher than average.”

       Amera’s 100%-owned Mitu Copper-Silver Project is slated for exploration drilling by mid-year. The 5,800-hectare property is located in the Junin Department and is geologically similar to the Cocha Project. Previous chip sampling yielded 4.5% copper and 128 g/t silver over 1.2 meters and 6.2% copper and 324 g/t silver over 0.4 meters. A comprehensive surface exploration program is underway and drilling will begin after the completion of an IP geophysical survey that will further define drill targets on the property.

       Amera is fully funded to carry out its planned 2008 exploration program. The company has moved aggressively to build an extensive exploration team in Peru of more than 20 people, including eight local geologists. The company’s strong management team was recently bolstered with the appointment of Peter Ellsworth as vice president of exploration, and the elevation of Dr. David Terry to the company’s Board of Directors. Dr. Terry previously served as VP of exploration. Ellsworth has over 22 years of exploration experience, primarily in North and South America. These appointments are part of the company’s continuing effort to accelerate exploration and development of Amera’s growing portfolio of projects in Peru.
       Amera also is continuing its quest to acquire potential major mining projects. A special team has been tasked with evaluating potential property acquisitions. The company recently signed a letter of intent to option up to a 100% interest in the Loma Colorada copper-gold property, located in Peru’s Andean-Pacific copper-molybdenum porphyry belt. The company also acquired a geochemical database including gold and ICP multi-element analyses of surface rock chip, channel and colluvium composite samples. This data indicates the presence of a large tonnage porphyry copper exploration target. Amera plans to aggressively explore the entire intrusive body. Construction of a four-kilometer road will be followed by trenching, channel sampling, geologic mapping, IP studies and drilling.
       “Our drilling and exploration efforts going forward on all our properties are focused on expanding known mineralized zones and testing new targets,” says Amera President Nikolaos Cacos. “We firmly believe that all of Amera Resources’ projects have the potential to become large-scale discoveries.”