Prime Meridian Closes Non-Brokered Private Placement Financing

(604) 893-8384

http://primemeridianresources.com/

April 23, 2021 News Release TSX-V: PMR

PRIME MERIDIAN CLOSES

NON-BROKERED PRIVATE PLACEMENT FINANCING

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

that it has received approval from the TSX Venture Exchange to close its previously announced (see pan

February 9, 2021 news release) non-brokered private placement financing for total gross proceeds of

$143,963. The Company will now issue 1,439,630 units, each unit consisting 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 15 cents per share for 12 months. 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 25

cents for a period of 10 consecutive trading days. Finders’ Fees consisting of 14,000 Units are being paid

in relation to the Financing.

All securities issued pursuant to this financing are subject to a 4-month hold.

The Financing was effected with one (1) insider of the Company, Nexvu Capital Corp., subscribing for

$126,463 for 1,264,630 Units, that portion of the Financing a “related party transaction” within th e

meaning of Policy 5.9 of the Exchange 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).

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.