Prime Meridian Resources Corp.seeks TSXV Approval to Close Non-Brokered Private Placement Financing

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November 26, 2021 News Release TSX-V: PMR

PRIME MERIDIAN RESOURCES CORP.SEEKS TSXV APPROVAL TO CLOSE

NON-BROKERED PRIVATE PLACEMENT FINANCING

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

announce that it has filed documents with the TSX Venture Exchange seeking approval to close its

previously announced non-brokered private placement financing (see September 28, 2021, news release)

for total gross proceeds of $499,083.

The Company also announces that it has filed documents with the TSX Venture Exchange seeking approval

to close a first tranche of its pr eviously announced non-brokered private placement flow-through

financing (see September 28, 2021, news release) for total gross proceeds of $100,000.

On receipt of TSXV approval the Company will issue 3,327,220 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 25 cents per share for 12 months.

The Company will further issue 500,000 flow-through units, each FT unit consisting of one flow-through

common share of the company and one-half of a common share purchase warrant, each full FT warrant

being exercisable for an additional common share of the company at an exercise price of 30 cents for 12

months.

Both the warrants and the FT 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.

Finders' fees consisting of $31,200 cash and 208,000 B-warrants exercisable at $0.15 for a period of 12

months after the closing are being paid to IA Capital markets in relation to the financings.

All securities issued pursuant to this financing are subject to a four-month plus 1 day hold.

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.