Prime Meridian Announces Options and Non-Brokered Private Placement Financing

2110, 650 WEST GEORGIA STREET

VANCOUVER, BC, V6B 4N8

(604) 893-8384

http://primemeridianresources.com/

August 13, 2021 News Release TSX-V: PMR

PRIME MERIDIAN ANNOUNCES OPTIONS

AND NON-BROKERED PRIVATE PLACEMENT FINANCING

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

that it has set 2.0 million options at $0.10 for consultants and advisors and has cancelled 1.7 million

previously issued options.

The Company also announces a non-brokered private placement financing of up to 4.0 million units at a

price of 15 cents per unit to raise working capital proceeds of up to $600,000. Each unit will consist of one

common share and one common share purchase warrant, with 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 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 50 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 statutory four-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.