MNO.TO · 2021-09-07 12:00:00

Meridian Reports High Grade Gold Intersection

Drill Results

of 26.7m @ 21.5g/t Au

Significant Upside Unlocked in High Grade Gold Trend at Cabaçal Northwest Extension

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

U.S./

LONDON

Sept. 7, 2021

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

Frankfurt

: 2MM) (OTCQB:

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

from the Cabaçal Northwest Extension ("CNWE"). CNWE is part of the Cabaçal Copper-Gold

Project ("Cabaçal") in

Mato Grosso, Brazil

. CD-049 intercepted a high-grade gold structure that

returned

26.7m

@ 21.5g/t Au

from

66m

(Figure 1).

CD-049 extends the strike of the high grade

gold intercepts to

150m

being a

100m

step out from CD-046

, that intercepted a high-grade gold

zone of

11.7m

@ 5.7 g/t Au including 0.3 @ 183.4 g/t Au, and a

150m

step out from BP Minerals

diamond drill hole JUSPD216 that reported

3.2m

@ 237.7g/t Au, including

0.45m

@ 1672.1 g/t Au.

These high grade gold intercepts, open to the Northwest and Southeast, are part of the open "

750m

gold in soil anomaly"

that trends Northwest. These significant results also support the possibility

that to the Northeast and to the Southwest of the CNWE's trending high grade gold zone (Figure 2),

parallel repeat high grade gold structures may exist as they did in the Cabaçal gold mine. The

Company considers these parallel areas to be open and highly prospective and will be the focus of

follow up exploration work.

Highlights of today's update:

Meridian assays significant gold mineralization of

26.7m

@ 21.5 g/t Au

at Cabaçal Northwest

Extension;

Peak assay in CD-049 returned

377.6 g/t Au over

0.65m

from 87.35 (Sample CBDS06049).

This sample is one of four samples grading over 100g/t, with others being:

123.1 g/t Au over

0.7m

from

83.0m

(CBDS06043);

137.2 g/t Au over

1.0m

from

85.0m

(CBDS06046);

127.3 g/t Au over

0.5m

from

86.0m

(CBDS06047);

Continuous high grade gold core zone in CD-049 graded

8.0m

@ 71.3g/t Au

from

83.0m

;

High grade structure is open to the Northwest and Southeast;

Possibility of parallel gold hosting structures with comparable mineralization; and

Peak copper and silver assays are 2.0% and 19.1g/t respectively

, part of a broad

53.7m

interval that graded 10.8g/t Au, 0.3% Cu and 1.3g/t Ag from

39.0m

(Table 1);

Including a higher grade copper zone of:

10.7m

@ 0.7% Cu, 0.4g/t Au, 1.9g/t Ag from

50.0m

"CD-049's

26.7m

@ 21.5 g/t Au is an outstanding high grade gold result from the Cabaçal Northwest

Extension delivered by Meridian's team in

Brazil

", commented Dr

Adrian McArthur

, CEO and

President. "This

100m

"along strike step-out" from CD-046's intersection of

11.7m

@ 5.7 g/t Au,

itself a

50m

"along strike step-out" from JUSPD216's

3.2m

@ 237.7g/t Au is defining a high-grade

gold trend within the Cabaçal Northwest Extension that remains open. This is a major turning point

for the project and the Company. My congratulations to the exploration and administrative team, and

thanks to our supportive investors in achieving this result today".

______________________

1 See Meridian news release dated September 02, 2021

2 Historical analytical methods summarised in the Note section below

3 Sample CBDS06013: 2.0% Cu over 0.65m from 59.7m, CBDS06049: 19.1g/t Ag over 0.65m from 87.35m.

Figure 1:CD-049 intersection overview in cross-section looking Northwest. Bottom: Cross section

looking Northwest – detail of CD-049; hole trace coloured by gold grade, with Au (g/t) labelled to the

left, and Cu (%), Ag (g/t) and Zn (%) labelled to the right. (CNW Group/Meridian Mining S.E.)

Figure 1:CD-049 intersection overview in cross-section looking Northwest. Bottom: Cross section

looking Northwest – detail of CD-049; hole trace coloured by gold grade, with Au (g/t) labelled to the

left, and Cu (%), Ag (g/t) and Zn (%) labelled to the right.

Cabaçal Northwest Extension

The CNWE is a

750m

corridor of Cu and Au in soil anomaly associated with a prominent Northwest-

trending strike ridge extending along the trend of the Cabaçal mine workings. The areas to the

Northwest, Northeast, Southeast and Southwest of this high-grade gold trend and associated gold

soil anomaly were sparsely covered by previous drilling, with a broad

100m

reconnaissance pattern

that was never infilled by resource definition drilling by BP Minerals.

The vertical drill holes were designed to cut the shallow-dipping VMS Cu-Au-Ag stratigraphy at a

high angle. These holes are now known to be poorly suited to intersect the high grade subvertical

gold structures that were formerly mined, and that extend out from the Cabaçal mine. Meridian's

drilling program in areas extending from the Cabaçal mine, has purposefully drilled angled holes to

intersect these high grade gold structures; resulting in today's result.

Figure 2. Location of the CD-049 intersection, in relation to previous results from CD-046 and

historical drilling in the CNWE. (CNW Group/Meridian Mining S.E.)

Figure 2. Location of the CD-049 intersection, in relation to previous results from CD-046 and

historical drilling in the CNWE.

Hole Id

Zone

Intercept

Grade

From

(m)

(%)

(g/t)

(%)

(m)

CD-049

CNWE

53.7

0.3

10.8

1.3

0.0

39.0

Including

26.7

0.2

21.5

1.8

0.0

66.0

Including

8.0

0.4

71.3

5.1

0.1

0.0

83.0

Drill Details

Hole Id

Dip

Azimuth

EOH

CD-049

-50

060

132.3

Table 1

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

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 have been 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.

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 true width of the CD-049 intersection is approximately 80% of the downhole length and assay

figures and intervals rounded to 1 decimal place.

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.

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For further information:

Meridian Mining UK S, Email: [email protected], Ph: +1 (778)

715-6410 (PST)

CO: Meridian Mining S.E.

CNW 10:08e 07-SEP-21

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