MNO.TO · 2021-09-13 12:00:00

Meridian Reports Further Significant High Grade Gold along at Cabaçal Northwest Extension

Corporate Updates

Meridian Reports Further Significant High

Grade Gold along at Cabaçal Northwest

Extension

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE

U.S./

CD-054 assays

16.5m

@ 7.2 g/t Au, 1.0% Cu, 4.1g/t Ag from

45.1m

LONDON

Sept. 13, 2021

/CNW/ - Meridian Mining UK S (TSXV: MNO) (

Frankfurt

: 2MM) (OTCQB:

MRRDF) ("Meridian" or the "Company") is pleased to report further significant high grade gold

mineralization from the Cabaçal Northwest Extension ("CNWE") as part of its maiden ongoing drill-

program. The CNWE is part of the Cabaçal Copper-Gold Project ("Cabaçal") in

Mato Grosso, Brazil

Within the CNWE,

410m

to the Southeast of CD-049[1] (which intercepted

26.7m

@ 21.5g/t Au),

CD-054 has drilled a high-grade gold structure that returned

16.5m

@ 7.2 g/t Au from

45.1m

(Figure

1), part of a broader intersection of

54.4m

@ 2.6g/t Au, 0.4% Cu, 1.7g/t Ag from

44.6m

. CD-054 is

an infill angled hole within the CNWE, located

200m

from the Northwest limits of the Cabaçal Mine.

Further drill results for the CNWE are pending and an expansion to the angled drill program along

and beyond the CNWE is underway.

In addition, the Company today reports results from a preliminary inspection of CD-065, a

550m

Southeast step-out from the Cabaçal Mine. A sulphide assemblage was intersected from

94.0m

134.0m

that included visual gold; XRF analysis[2] confirms that a prospective sulphide assemblage

is present.

Highlights of today's update:

Meridian CD-054's assays significant gold mineralization of

16.5m

@ 7.2 g/t Au

at Cabaçal

Northwest Extension;

Meridian reports CD-054, returns

54.4m

@ 2.6g/t Au, 0.4% Cu & 1.7g/t Ag

from

44.6m

;

Peak assays include

102.6 g/t Au over

0.45m

from

50.85m

(Sample CBDS06272), and

70.7

g/t Au over

0.45m

from

49.2m

(CBDS06270);

Cabaçal's

1,300m

Copper-Gold-Silver trend confirmed - remains open;

Multiple sub-vertical high grade gold structures intercepted within broad copper-gold-silver

mineralization; and

CD-065 intersects sulphide mineralization with visible gold

500m

Southeast of Cabaçal.

"With CD-054's result and last weeks drill results, the CNWE trend joins with the Cabaçal mine area

to form an open

1,300m

trend that has unlocked huge potential for an open pit development

scenario", commented Dr

Adrian McArthur

, CEO and President. Its high-grade core of

16.5m

@ 7.2

g/t Au from

45.1m

lies within a broader mineralized package of

54.4m

@ 2.6g/t Au, 0.4% Cu &

1.7g/t Ag from

44.6m

". This is very similar to CD-049's high grade gold core within a broad copper-

gold-silver host, and similar to the high-grade structures exploited by BP Minerals ("BP") and Rio

Tinto at the Cabaçal Mine within the broad VMS copper-gold envelope. Southeast of the mine the

sulphides and visible gold from CD-065 is a great surprise and will be followed up. The program now

is to drill out the CNWE and more results will be coming in the weeks ahead".

Figure 1, Top: Plan view of Cabaçal, Middle cross-section A-A’ showing high grade gold structures

intercepted by CD-054 angled hole, missed by adjoining “vertical” BP drilling, Bottom Left CD-054

mineral zones and Bottom Right: close up of gold assays (left) with Cu-Ag-Zn assays (right). (CNW

Group/Meridian Mining S.E.)

_______________________

See Meridian news release dated September 7, 2021

Cabaçal Northwest Extension

The CNWE is a

750m

high-grade gold trend hosted within Cabaçal's now

1,300m

VMS type Cu-Au-

Ag mineralization, extending out from the Cabaçal mine. It is defined by an open Northwest trending

gold soil anomaly and sparsely covered by BP's historical drilling. BP's drill holes were predominantly

vertical and poorly suited to intersect the subvertical high-grade gold and Northwest trending

structures mapped in the Cabaçal mine. CD-049 recently intersected multiple high-grade gold

structures, more of these Northwest trending structures may be present to the Northeast and

Southwest of CD-049.

CD-054 has now similarly intersected broad Cu-Au-Ag mineralization characteristic of the mine's Cu-

Au-Ag +Zn stratigraphy, returning

54.4m

@ 2.6g/t Au, 0.4% Cu, 1.7g/t Ag from

44.6m

(Table 1).

Within this, there is a higher grade Au zone of returning

16.5m

@ 7.2 g/t Au from

45.1m

. An angled

infill drill program is planned for all of the CNWE to cover the open high-grade gold results of CD-

049, CD-046[3] and beyond. The CNWE is up-dip to the Cabaçal West target currently being tested.

Cabaçal Southeast Extension

The Company stepped-out the drilling South-eastwards of the Cabaçal mine with CD-065, targeting

an area where historical drilling indicated the presence of sulphide mineralization. Hole CD-065 is

located

500m

southeast of the Cabaçal mine. From

94.0m

134.0m

CD-065 intersected

disseminated and locally stringer sulphide mineralization (pyrite-pyrrhotite-chalcopyrite) with visible

gold at

132.0m

(Figure 2). A Cabaçal type mineral assemblage was indicated by portable XRF

The extent of the gold mineralization requires confirmation by assay, but the Company is encouraged

to see the footprint of the Cabaçal system extending a significant distance to the Southeast.

Figure 2.CD-065’s visible gold grain, circled (left), associated with steeply dipping structure. Right is

a magnified view of the visible gold from CD-065. (CNW Group/Meridian Mining S.E.)

______________________

Portable XRF readings are point-source readings, with width and grade to be confirmed by sample preparation and analysis at a certified laboratory.

See Meridian news release dated September 2nd, 2021.

Hole Id

Zone

Intercept

Grade

From

(m)

(%)

(g/t)

(%)

(m)

CD-054

CNWE

11.4

0.2

0.4

0.7

0.0

8.0

7.9

0.2

0.9

0.0

23.4

54.4

0.4

2.6

1.7

0.0

44.6

Including

16.5

1.0

7.2

4.1

0.0

45.1

Including

6.5

1.5

16.6

5.8

0.0

45.1

1.2

2.8

4.8

14.0

0.0

55.9

and

10.3

0.3

1.7

0.7

0.0

79.7

Including

1.3

1.7

5.7

4.3

0.0

79.7

1.3

0.2

3.6

0.6

0.0

82.7

2.0

0.1

2.1

0.1

0.0

88.0

15.8

0.2

0.1

1.2

0.0

113.3

Drill Details

Hole Id

Dip

Azimuth

EOH

CD-054

-50

060

186.6

CD-065

-50

045

progress

Table 1: Assay results from CD-054

Qualified Person

Dr.

Adrian McArthur

, B.Sc. Hons, PhD. FAusIMM., CEO and President of Meridian Mining as well as

a Qualified Person as defined by National Instrument 43-101, has supervised the preparation of the

technical information in this news release.

On behalf of the Board of Directors of Meridian Mining UK S

Dr.

Adrian McArthur

CEO, President and Director

Meridian Mining UK S

Email:

[email protected]

Ph: +1 (778) 715-6410 (PST)

Stay up to date by subscribing for news alerts here:

https://meridianmining.co/subscribe/

Follow Meridian on Twitter:

https://twitter.com/MeridianMining

Further information can be found at

www.meridianmining.co

Notes

Holes have been drilled HQ through the saprolite and upper bedrock and reduced to NQ –

mineralized intervals represent half NQ drill core. Samples have been analysed at the accredited

SGS laboratory in

Belo Horizonte

. Gold analyses are conducted by FAA505 and FAA525 (fire

assay of a 50g charge), and base metal analysis by methods ICP40B and ICP40B_S (four acid

digest with ICP-OES finish). Samples are held in the company's secure facilities until dispatch and

delivered by staff and commercial couriers to the laboratory. Pulps are retained for umpire

testwork, and ultimately returned to the Company for storage. The Company submits a range of

quality control samples, including blanks and gold and polymetallic standards supplied by ITAK

and OREAS, supplementing laboratory quality control procedures. True widths are interpreted to

be ~80% of intersection widths. Assay figures and intervals rounded to 1 decimal place.

Samples for historical Cabaçal drill programs were analysed by for gold by 50g Fire Assay with

AAS finish, copper three-acid-digest and AA finish, and silver by Aqua Regia by AA finish at BP

Mineral's laboratory at Bonsucesso (

Rio de Janeiro, Brazil

), Samples were prepared at Caxias and

the mine site itself. Half–core was dried, crushed to a quarter inch size through a jaw crusher,

pulverised to 150 mesh in a ring mill, passed through a Jones Splitter to produce a 100–200g split,

with one sample archived for reference and the other dispatched for analysis. BP Mineral's quality

control program included duplicate analyses, and periodic checks using independent laboratories.

The "gold counts" referenced in the soil geochemistry figure is a measure of the number of gold

grains visually counted in a pan concentrate from a set volume of material: a 5-litre bucket of soil

from the B-horizon, providing a qualitative indicator of the presence of gold in a sample.

ABOUT MERIDIAN

Meridian Mining UK S is focused on the acquisition, exploration, and development activities in

Brazil

The Company is currently focused on resource development of the Cabaçal VMS Copper-Gold

project, exploration in the Jaurú & Araputanga Greenstone belts located in the state of

Mato

Grosso

; exploring the Espigão polymetallic project and the Mirante da Serra manganese project in

the State of Rondônia

Brazil

FORWARD-LOOKING STATEMENTS

Some statements in this news release contain forward-looking information or forward-looking

statements for the purposes of applicable securities laws. These statements include, among others,

statements with respect to the Company's plans for exploration, development and exploitation of its

properties and potential mineralization. These statements address future events and conditions and,

as such, involve known and unknown risks, uncertainties, and other factors, which may cause the

actual results, performance, or achievements to be materially different from any future results,

performance or achievements expressed or implied by the statements. Such risk factors include,

among others, failure to obtain regulatory approvals, failure to complete anticipated transactions, the

timing and success of future exploration and development activities, exploration and development

risks, title matters, inability to obtain any required third party consents, operating risks and hazards,

metal prices, political and economic factors, competitive factors, general economic conditions,

relationships with strategic partners, governmental regulation and supervision, seasonality,

technological change, industry practices and one-time events. In making the forward-looking

statements, the Company has applied several material assumptions including, but not limited to, the

assumptions that: (1) the proposed exploration, development and exploitation of mineral projects will

proceed as planned; (2) market fundamentals will result in sustained metals and minerals prices and

(3) any additional financing needed will be available on reasonable terms. The Company expressly

disclaims any intention or obligation to update or revise any forward-looking statements whether as

a result of new information, future events or otherwise except as otherwise required by applicable

securities legislation.

The Company cautions that it has not completed any feasibility studies on any of its mineral

properties, and no mineral reserve estimate or mineral resource estimate has been established.

Geophysical exploration targets are preliminary in nature and not conclusive evidence of the

likelihood of a mineral deposit.

The TSX Venture Exchange has neither approved nor disapproved the contents of this news release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this

release.

SOURCE

Meridian Mining S.E.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/September2021/13/c2647.html

%SEDAR: 00040264E

For further information:

Dr. Adrian McArthur, CEO, President and Director, Meridian Mining UK S,

Email: [email protected], Ph: +1 (778) 715-6410 (PST)

CO: Meridian Mining S.E.

CNW 07:30e 13-SEP-21

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