Prime Meridain Closes ON $737,660 IN First Tranche of $0.10 Unit Private Placement Financing

1400 – 1040 WEST GEORGIA STREET

VANCOUVER, BC, V6E 4H1

(604) 893-8384

http://primemeridianresources.com/

August 13, 2019 News Release TSX-V: PMR

PRIME MERIDAIN CLOSES ON $737,660 IN FIRST TRANCHE OF

$0.10 UNIT PRIVATE PLACEMENT FINANCING

Vancouver, B.C.: Prime Meridian Resources Corp. (“PMR” or the “Company”) (TSX-V: PMR) announces

that, further to its July 25, 2019 news release, it has received conditional approval from the TSX Venture

Exchange for it non-brokered private placement financing (see news releases dated July 16 & 25, 2019)

and has closed the first tranche of the financing for gross proceeds of $737,600.

The Company has issued 7,376,600 units (the “Units”), each Unit consisting of one common share and

one common share purchase warrant (the “Warrants”) with each Warrant entitling the holder to acquire

one additional common share at a price of thirty cents ($0.30) per share for twelve months from closing,

subject to the right of the Company to accelerate the exercise of the Warrants if the shares of the

Company trade at or above $0.50 for a period of 10 consecutive trading days.

All securities issued pursuant to this Financing are subject to a 4-month statutory hold, expiring

November 27, 2019.

On behalf of the Board of Directors of

Prime Meridian Resources Corp.

"Brian Leeners"

Brian Leeners, CEO & Director

604-893-8384

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.