Prime Meridian Announces Shares for Debt and Non-Brokered Private Placement Financing

July 29, 2021 News Release TSX-V: PMR

PRIME MERIDIAN ANNOUNCES SHARES FOR DEBT AND NON-BROKERED PRIVATE PLACEMENT FINANCING

Vancouver, B.C.: Prime Meridian Resources Corp. (“PMR” or the “Company”) (TSX-V: PMR) Further to its February 9, 2021 news release, the Company announces that it has received TSX venture exchange approval to settle outstanding loan obligations of $911,532 through the issuance of 9,115,324 shares-fordebt at a deemed price of $0.10 per share and outstanding accounts payable obligations of $863,519 through the issuance of 4,317,595 shares-for-debt at a deemed price of $0.20 per share. 3,155,000 shares for $631,000 of debt were issued to insiders of the Company.

All securities issued in connection with the shares-for-debt and the private placement will be subject to a statutory hold period of four months from the date of issuance.

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

"Brian Leeners"

Brian Leeners, CEO & Director 604-862-4184

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved or disapproved the contents of this press release.

1400 – 1040 WEST GEORGIA STREET VANCOUVER, BC, V6E 4H1 (604) 893-8384 http://primemeridianresources.com/