Adamera Minerals Corp. announced a private placement to issue 5,000,000 non flow-through units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 250,000 and 1,160,000 flow-through shares at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 58,000; aggregate gross proceeds of CAD 308,000 on October 18, 2023. Each non-flow-through unit consists of one common share and one common share non-transferable warrant, with each warrant entitling the holder to purchase one common share at a price of CAD 0.05 for a period of three years.

Each flow-through share is priced of CAD 0.05 and non flow-through unit for CAD 0.05 per unit. The securities issued pursuant to the private placement will be subject to a four-month hold period. No finder's fee will be paid for this financing.

Insiders will participate CAD 40,000 in flow-through financing. The financing is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval and acceptance by the TSX Venture Exchange.