Prime Meridian Closes $0.05 Unit Financing

1400 – 1040 WEST GEORGIA STREET

VANCOUVER, BC, V6E 4H1

(604) 893-8384

http://primemeridianresources.com/

February 8, 2021 News Release TSX-V: PMR

PRIME MERIDIAN CLOSES $0.05 UNIT FINANCING

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

February 5, 2021 news release, the Company confirms that it has received Final Approval from the TSX

Venture Exchange (the “Exchange”) to close its non-brokered private placement financing for gross

proceeds of $998,922.00.

The Company will issue 19,978,3435 Units, each Unit consisting of 1 common share and ½ of a common

share purchase warrant, each full warrant being exercisable at $0.15 for 12 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 25 cents for a period of 10 consecutive trading days.

Pursuant to the policies of the Exchange, the Company will also issue 308,000 Broker Units and pay cash

finder fees totaling $40,800. All securities pursuant to this financing will be subject to a four-month hold

period.

On behalf of the Board of Directors of

Prime Meridian Resources Corp.

"Brian Leeners"

Brian Leeners, CEO & Director

604-862-4184

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.