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Prime Meridian Resources Releases Second Quarter 2011 Financials

Financials

For Immediate Release

PRIME MERIDIAN RESOURCES RELEASES SECOND QUARTER 2011 FINANCIALS

Calgary, AB August 29, 2011 Prime Meridian Resources Corp (TSX-V, PMR: FRA, DYD) (PMR) is pleased to announce the filing and distribution of its unaudited consolidated financial statements and management’s discussion and analysis (“MD&A”) and information relating to the 2011 second quarter ending June 30, 2011. PMR’s financial results may be obtained at www.sedar.com

Prime Meridian Resources Corp

John Boreta President

For further information, please refer to our website www.primemeridianres.com or contact:

Prime Meridian Resources Corp.

John Boreta Tel: (403) 539-0192

[email protected]

Certain disclosures in this release, including management’s assessment of Prime Meridian’s plans and projects, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to Prime Meridian’s operation as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. Prime Meridian expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise.

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.