Prime Meridian Resources Corp.seeks TSXV Closes Non-Brokered Private Placement Financing

December 7, 2021 News Release TSX-V: PMR

PRIME MERIDIAN RESOURCES CORP.SEEKS TSXV CLOSES NON-BROKERED PRIVATE PLACEMENT FINANCING

Vancouver, B.C.: Prime Meridian Resources Corp. (“PMR'' or the “Company”) (TSX-V: PMR) is pleased to announce that it has closed its previously announced non-brokered private placement financing (see news releases dated September 28, 2021 and November 26, 2021) for total gross proceeds of $599,083, (the “Financing”).

The Company has issued 3,327,220 units (the “Units”), and 500,000 flow-through units (“FT Units”), each Unit consisting 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 $0.25 per share for 12 months, and each FT Unit consisting of 1 flow-through common shares and ½ of a common share purchase warrant, each full warrant entitling the holder to acquire one additional common share at a price of $0.30 for 12 months.

All warrants are 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 consisting of $31,200 cash and 208,000 B-warrants exercisable at $0.15 for a period of 12 months have been paid in relation to the Financing.

Proceeds from the Financing will be used for general exploration purposes on the Company’s properties in Ontario and for general working capital.

All securities issued pursuant to this financing are subject to a four-month plus 1 day hold.

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.

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