Completed Purchase of Western Pakwash Lake Claims IN the Red Lake District of Ontario
1400 – 1040 WEST GEORGIA STREET
VANCOUVER, BC, V6E 4H1
(604) 862-4184
http://primemeridianresources.com/
May 5, 2020 News Release TSX-V: PMR
COMPLETED PURCHASE OF WESTERN PAKWASH LAKE CLAIMS
IN THE RED LAKE DISTRICT OF ONTARIO
Vancouver, B.C.: Prime Meridian Resources Corp. (“PMR” or the “Company”) (TSX-V: PMR) announces
that the Company has completed the purchase of three mineral claims on the western shore of Pakwash
Lake in the Red Lake Mining District of Ontario. The claims are due south of the Great Bear Resources
Dixie Project, southeast of BTU Metals and tied onto GoldON Resources . The three new claims are
contiguous to claims already optioned by the Company in the same area.
Great Bear Resources (GBR.TSXV) announced new drilling results from the Dixie Project on May 4, 2020:
https://www.greatbearresources.ca/news/great-bear-drills-18.57-g-t-gold-over-13.00-m-within-2.67-g-
t-gold-over-104.15-m-at-lp-fault/
BTU Metals (BTU.TSXV) provided an update on the TNT target area on April 30, 2020:
https://www.btumetals.com/?news=77
GoldON Resources (GLD.TSXV) announced sampling results from the western shoreline of Pakwash Lake
on April 22, 2020:
https://www.goldonresources.com/index.php/news/301-goldon-updates-progress-on-bruce-lake-
project-and-receives-exploration-permit
PMR has acquired a 100% ownership interest in the new claims for a one-time payment of $1 0,000,
subject to a 1% royalty in favour of the vendor that can be purchased by the Company for $500,000.
Subject to approval from the TSX -V, the company has previously announced a non -brokered private
placement financing of up to 10 million units at a price of 5 cents per unit to raise proceeds of up to $1
million. Each unit will consist of one common share and a half warrant. With each full warrant entitling
the holder to acquire one additional common share at a price of 15 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 25 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 four -month hold
period.
On behalf of the Board of Directors of
Prime Meridian Resources Corp.
"Brian Leeners"
1400 – 1040 WEST GEORGIA STREET
VANCOUVER, BC, V6E 4H1
(604) 893-8384
http://primemeridianresources.com/
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.