Prime Merdian Closes $0.10 Private Placement Financing

July 5, 2016 News Release TSX-V Symbol: PMR

PRIME MERDIAN CLOSES $0.10 PRIVATE PLACEMENT FINANCING

Vancouver, B.C.: Prime Meridian Resources Corp. (“Prime” or the “Company”) (TSXV Symbol: PMR) s pleased to announce that, subject to regulatory approval from the TSX Venture Exchange it has closed the its non-brokered private placement, previously announced January 27, 2016.

Upon closing, the Company will issue 885,000 units at a price of ten cents ($0.10) per unit for total gross proceeds of $88,500. Each unit consists of one common share and one common share purchase warrant (the “Unit Warrants”) with each Unit Warrant entitling the holder to acquire one additional common share at a price of twenty-five cents ($0.25) per share for 6 months from closing and then for a price of fifty-cents ($0.50) per share from 6 months to 12 months from closing.

There will be a statutory hold period on the shares and warrants issued pursuant to this private placement expiring four months and one day from the date of issuance.

There are no finder’s fees payable on this financing.

The proceeds of the private placement will be allocated toward working capital and business development expenditures.

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

"Brian Leeners"

Brian Leeners, CEO & Director

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

Prime Meridian Resources Corp.

TEL: 604-893-8384 Email: [email protected]

Neither the 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.