Meridius Completes Private Placement of Units

45347|5472851_1

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

Tel: 604.423.4499 | Fax: 604.423.4498

MERIDIUS COMPLETES PRIVATE PLACEMENT OF UNITS

Vancouver, Canada – July 31, 2020 - Meridius Resources Limited (MRI: TSX-V) (“Meridius” or the

“Company”) is pleased to announce that it has closed its privat e placement of 12,000,000 units at $0.075 per

units for gross proceeds of $900, 000. Each unit consists of one common share and one-half of one share

purchase warrant, with each full warrant entitling the holder t o acquire one additional common share of the

Company at a price of $0.15 for a period of one year. All s ecurities issued pursuant to the financing are

subject to a hold period expiring December 1, 2020. Aggregate cash finders fees of $5,100 were paid to

certain finders in respect of the financing. Proceeds from th e financing will be used for general working

capital including financing due diligence and transaction costs for future acquisitions.

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

business of the acquisition, exploration, and development of mineral resource properties. Meridius’ 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 ac curacy of this release. No stock exchange, securities

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