About Meridius Resources Limited – Meridius is a mineral exploration company that is engaged in the business of the acquisition, exploration, and development of mineral resource properties. M eridius’ common shares trade under the symbol “MRI” on the TSX-V.

#789 – 999 W. Hastings Street, Vancouver, BC V6C 2W2

Tel: 604.423.4499 | Fax: 604.423.4498

Vancouver, Canada – July 6, 2020 - Meridius Resources Limited (MRI: TSX-V) (“Meridius” or the “Company”)

is completing a private placement of 12,000,000 units at $0.06 per unit. Each unit will consist of a common

share and half a warrant to purchase an add itional common share at $0.15 per share exerciseable for one

year. Proceeds of $720,000 will be used for working capital, including funding due diligence and transaction

costs for future acquisitions. The Company intends to review a number of potential acquisitions in the mining

exploration sector, primarily in Canada.

About Meridius Resources Limited – Meridius is a mineral exploration company that is engaged in the

business of the acquisition, exploration, and development of mineral resource properties. M eridius’

common shares trade under the symbol “MRI” on the TSX-V.

Contact Information - For more information, please contact:

Investor Relations

Tel: (604) 423-4499

Fax: (604) 423-4498

Email: [email protected]

Neither the 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. No stock exchange, securities

commission or other regulatory authority has approved or disapproved the information contained herein.