Prime Closes Non-Brokered Private Placement Financing

2110, 650 WEST GEORGIA STREET

VANCOUVER, BC, V6B 4N8

(604) 893-8384

http://primemeridianresources.com/

September 3, 2021 News Release TSX-V: PMR

PRIME CLOSES NON-BROKERED PRIVATE PLACEMENT FINANCING

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

that further to its August 13, 2021 news release it has filed final documents with the TSX Venture Exchange

seeking approval to close its non-brokered private placement financing (the “Financing”) for gross

proceeds of $300,000. On Conditional Approval received August 31, 2021, the Company issued 2,000,000

units, with each unit consisting of one common share of the Company and one common share purchase

warrant of the Company, each warrant entitling the holder to acquire one additional common share at a

price of 25 cents per share for 12 months from closing. The 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. There were no finders’ fees paid in relation to the

Financing.

The Financing was affected with an insider of the Company subscribing for 2,000,000 Units for aggregate

subscription proceeds of $300,000, being a “related party transaction” within the meaning of TSX Venture

Exchange Policy 5.9 of the and Multilateral Instrument 61-101 – Protection of Minority Security Holders in

Special Transactions (“MI-61-101”). In connection with the participation of the insider, the Company

intends to rely upon the exemptions from the formal valuation and minority shareholder approval

requirements of MI 61-101 set forth in sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that the fair

market value (as determined under MI 61-101) of the participation does not exceed twenty-five percent

(25%) of the market capitalization of the Company (as determined under MI 61-101).

All securities issued pursuant to the Financing are subject to a 4-month hold period.

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.