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Era Resources approved to move from TSX to TSX-V

said April 1that it has been approved to voluntarily move its current share listing on theTSX to a Tier 2 listing on the TSX-V.

The companybelieves that a listing on the TSX-V will provide for greater operationalefficiency and lower costs for the company, while allowing shareholders to havecontinued liquidity on a recognized exchange.

EraResources expects to commence trading on the TSX-V under the same symbol ERX atthe open of trading on April 18. The company's shares will continue trading onthe TSX until the close of trading on April 15.