$25 million issue by Asamera Minerals

Asamera Inc. announces that the previously reported sale of 2,500,000 units by its subsidiary Asamera Minerals Inc, to Dominion Securities and Midland Doherty for resale to the public, closed as scheduled on July 28.

Each unit consists of one common share and one-half warrant of Asamera Minerals. Gross proceeds from the issue amounted to $25 million (C). As a res ult of this public issue, the ownership interest of Asamera Inc in Asamera Minerals will be 90.05% prior to the exercise of the warrants and 85.79% assuming the exercise of all the warrants.

The new units began trading on the Toronto Stock Exchange and on the Montreal Exchange on July 28 under the symbol aua.

Asamera Minerals Inc. is a recently formed Canadian public company with extensive interests in precious metal exploration and production in North America, including a 51% interest in the Cannon gold mine in Wenatchee, Wash., and 19 other exploration and development projects.