The Company completed its initial exploration program at the Bonneville property in Quebec and results were

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

Tel: 604.423.4499 | Fax: 604.423.4498

NEWS RELEASE

Vancouver, Canada – December 10, 2018 - Meridius Resources Limited (MRI: TSX-V) (“Meridius” or

the “Company”) Mr. Dylan Sidoo is pleased to provide an update on the Company’s operations.

The Company completed its initial exploration program at the Bonneville property in Quebec and results were

announced in the Company’s news release of July 5, 2018.

Given the results of the work program , for financial reporting purposes , the Company fully impaired the

carrying value of the Bonneville Property. In order to maintain the Bonneville option in good standing a

significant option payment was due in the first quarter of 2019. After careful consideration the Company

determined to terminate the option on the Bonneville property.

Said Company President and CEO Dylan Sidoo “We made the decision to terminate the Bonneville option due

to the results from our drill program and the significant carrying costs. Those funds are better utilized in our

ongoing due diligence on other acquisition opportunities.”

About Meridius Resources – Meridius is a mineral exploration 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:

Dylan Sidoo, Chief Executive Officer

Tel: (604) 900-5616

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.