Prime Meridian Increases Private Placement

September 22, 2014 News Release TSX-V Symbol: PMR

PRIME MERIDIAN INCREASES PRIVATE PLACEMENT

Vancouver, B.C.: Prime Meridian Resources Corp. (“Prime” or the “Company”) (TSX-V Symbol: PMR) announces that the current non-brokered private placement (see News Release of July 28, 2014) of up to 5.0 million units at a price of ten cents per unit ($0.10) to raise proceeds of up to $500,000 will be increased to 10.0 million units to raise proceeds of up to $1.0 million. Each unit will consist of one common share and one common share purchase warrant (the "Unit Warrants") with each Unit Warrant entitling the holder to acquire one additional common share at a price of 50 cents ($0.50) per share for one year from closing. The Unit Warrants are subject to the right of the Company to accelerate the exercise period for the Unit Warrants if the common shares of the Company trade above 50 cents ($0.60) for a period of 10 consecutive trading days. The proceeds of the private placement will be allocated toward general working capital purposes and repayment of debt. The Company will not be proceeding with a planned Share for Debt issuance.

The Company may pay finders' fees on the private placement proceeds to certain parties in accordance with the policies of and subject to the approval of the TSX Venture Exchange.

On behalf of the Board of Directors of Prime Meridian Resources Corp.

"Brian Leeners"

Brian Leeners, CEO & Director

For further information, please refer to our website www.primemeridianres.com or contact:

Prime Meridian Resources Corp.

TEL: 604-893-8384 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.