Lithos Group Ltd N.LITS

news

[vern117]

Amera Resources Corporation: New Copper-Silver Mineralization Discovered and Soil Anomaly Expanded on Cocha Project VANCOUVER, BRITISH COLUMBIA, Jun 16, 2006 (CCNMatthews via COMTEX News Network) -- Amera Resources Corporation (TSX VENTURE:AMS)(FWB:OAY)(WKN:A0B54E) is pleased to provide results from the ongoing exploration program on its 100% owned Cocha copper-silver property, located 220 km east of Lima, Peru. Additional soil sampling has now confirmed the presence of widespread anomalous copper-silver in soils and extended the anomaly to over 2.2km in length and up to 750m in width, with soil geochemical values up to 0.32% copper and 4.7 g/t silver. The copper-silver soil anomaly at Cocha is open along strike in both directions. The Company's geologists have also made a new discovery, "The Merce Showing", that assayed 0.46% copper and 9.4 g/t silver over 9.5m in outcrop and is located approximately 700m northwest and on trend from the Discovery Outcrop (0.80% copper and 10 g/t silver over 80m, see January 13, 2006 News Release). This 9.5m interval is comprised of three consecutive chip samples, including: 0.18% copper and 4.2 g/t silver over 4.0m, 1.7% copper and 25.1 g/t silver over 1.0m and 0.43% copper and 10.6 g/t silver over 4.5m. Since the Cocha property's discovery by Amera, the Company has continued to expand the surface copper-silver surface anomaly to its present 2.2km by 750m size. A significant and very encouraging feature is that Cocha is geologically similar in style to the giant Lubin Deposit (52 Mt Cu, 2,275 M oz Ag(1)) in Poland and the White Pine Deposit (8.3Mt Cu, 800 M oz Ag1) in the Upper Peninsula of Michigan. "We are very excited to have such a unique discovery in Peru," stated Mr. Nikolaos Cacos, President and CEO. "The recent election of Mr. Garcia as President of Peru has created a very positive environment for attracting foreign capital to Peru's mining sector." The first point in Mr. Garcia's Apra Party's mining plan for 2006-2011 reads: "The essential aim for the development of mining and expansion of its impact on the economy is to attract foreign investment in exploration and for development of new operations." Mining generated 57% of Peru's total exports and 40% of income taxes paid to the Peruvian state in 2005. The Company is currently preparing for a drill program to test the Discovery Outcrop area and is carrying out further surface work to extend currently identified targets and identify new ones. Updated maps showing the results outlined above are available on Amera's website (www.ameraresources.com). During the last geochemical sampling campaign an additional 158 soil samples were collected bringing the total samples collected to date to 275. Results range from 3 ppm to 3,230 ppm copper (0.32%) copper and less than 0.2 ppm to 4.7 ppm silver. Soil samples were collected along lines spaced at approximately 100m on either 12.5 or 25m intervals. Morphologically the soil anomalies suggest that mineralization in subsurface bedrock forms several sub-parallel zones. The strongest part of the soil anomaly envelopes the Discovery Outcrop where continuous rock chip sampling returned 0.80% copper and 10 g/t silver over 80m, including two non-adjacent 10-metre intervals assaying 2.69% copper and 24.4 g/t silver and 1.38% copper and 26.2 g/t silver (January 13, 2006 News Release). Analyses for the samples reported herein were performed by ALS Chemex Laboratories, an internationally recognized assay service provider, in Lima, Peru and North Vancouver, Canada. Work reported on in this release was carried out under the direction of Piotr Lutynski, M.Sc., P.Eng., a Qualified Person as defined in National Instrument 43-101. The technical information contained in this release has been reviewed by Dr. David A. Terry, P.Geo., Vice President Exploration for Amera, a Qualified Person as defined in National Instrument 43-101. ON BEHALF OF THE BOARD Mr. Nikolaos Cacos, President & CEO (1) Sediment-Hosted Copper Deposits of the World: Deposit Models and Database By Dennis P. Cox, David A. Lindsey, Donald A. Singer and Michael F. Diggles; USGS Open-File Report 03-107 Version 1.0 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 7 SOURCE: Amera Resources Corporation Amera Resources Corporation Nikolaos Cacos President & CEO [phone] or Toll Free: 1-800-901-0058 [phone] (FAX) [e-mail] www.ameraresources.com Copyright (C) 2006 CCNMatthews. All rights reserved.