Prime Meridian Announces Options and Non-Brokered Private Placement Financing

August 13, 2021 News Release TSX-V: PMR

PRIME MERIDIAN ANNOUNCES OPTIONS AND NON-BROKERED PRIVATE PLACEMENT FINANCING

Vancouver, B.C.: Prime Meridian Resources Corp. (“PMR” or the “Company”) (TSX-V: PMR) announces that it has set 2.0 million options at $0.10 for consultants and advisors and has cancelled 1.7 million previously issued options.

The Company also announces a non-brokered private placement financing of up to 4.0 million units at a price of 15 cents per unit to raise working capital proceeds of up to $600,000. Each unit will consist of one common share and one common share purchase warrant, with each warrant entitling the holder to acquire one additional common share at a price of 25 cents per share for 12 months from closing. The warrants will be subject to the right of the company to accelerate the exercise of the warrants if the shares of the company trade at or above 50 cents for a period of 10 consecutive trading days. Finders' fees may apply to this private placement and all securities issued will be subject to a statutory four-month hold period.

On behalf of the Board of Directors of Prime Meridian Resources Corp.

"Brian Leeners"

Brian Leeners, CEO & Director

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved or disapproved the contents of this press release.

2110, 650 WEST GEORGIA STREET VANCOUVER, BC, V6B 4N8 (604) 893-8384 http://primemeridianresources.com/