New Era Minerals Arranging Non-brokered Private Placement

TSXV: NEM

TORONTO, May 1, 2015 /CNW/ - New Era Minerals Inc. (the "Company") is pleased to announce that it is arranging a non-brokered private placement (the "Private Placement") involving the sale of up to 10 million common shares of the Company (the "Shares") at a price of Cdn$0.20 per Share to raise gross proceeds of up to Cdn$2 million.

The terms and completion of the Private Placement are subject to TSX Venture Exchange  approval. 

The funds raised from the Private Placement are to be used for general corporate and working capital requirements, including the investigation of potential opportunities to acquire additional mining projects in Xinjiang, People's Republic of China ("PRC").

About New Era Minerals Inc.

New Era Minerals Inc., through its wholly-owned subsidiary, Haijin International Group  Limited, owns 95% of Xinjiang Yongkun Mining Co. Ltd. ("Yongkun"). Yongkun's principal  activities are the exploration, evaluation and development of mineral property interests in the  PRC, including Yongkun's 100%-owned Suyeke North nickel  property located in Tuoli County, Tacheng Area, Xinjiang-Uyghur Autonomous Region, PRC.

On behalf of the Board of Directors of
NEW ERA MINERALS INC.

Sun Tian Xiang
Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE New Era Minerals Inc.

Avi Grewal [email protected], Telephone: [phone] x210