Emerita Announces Appointment of New Independent Director

Executive Summary

• Emerita Resources Corp. announced the immediate appointment of Joseph Belan to its Board of Directors as an Independent Director.
• Mr. Belan brings over 25 years of global investment banking, private equity, and mining sector experience, including senior M&A roles at major financial institutions.
• The appointment is intended to leverage his transactional expertise and international network to support capital access, shareholder base expansion, and the development of the Iberian Belt West project.

Key Details

• Appointee: Joseph Belan
• Role: Independent Director (Effective immediately)
• Current Position: Chairman and CEO of merchant bank Karst Capital Partners
• Investment Banking & M&A Background: Over 25 years of global experience; held senior M&A roles at Credit Suisse First Boston, Goldman Sachs, and UBS
• Mining & Investment Expertise: Former Managing Director of Pala Investments, a US$1bn multi-strategy investment firm focused on the metals and mining sector
• Corporate Finance Experience: Senior investment and executive experience in complex restructurings, buyouts, acquisitions, and strategic repositioning in mining and industrial sectors
• Previous Advisory Role: Senior advisor to the Canada Pension Plan Investment Board
• Board Composition Context: Will serve alongside recently announced independent director Agne Ahlenius

Notable Quotes

• Joaquin Merino, CEO and President: “Mr. Belan is a welcome addition to the Emerita Board of Directors, bringing to the Company a wealth of transactional, investment and management experience in the mining sector. His impressive credentials include positions at globally respected financial institutions, and his professional network internationally will support Emerita to access capital and broaden our shareholder base while building a solid financial and operational foundation as we continue to move forward on our strategy for the development of the Iberian Belt West project. We look forward to working with Mr. Belan and our other recently announced independent director, Agne Ahlenius, to take the Company to the next level.”