Vancouver, British Columbia–(Newsfile Corp. – March 13, 2026) – Meryllion Resources Corporation (CSE: MYR) (“Meryllion” or the “Company“) is pleased to announce its intention to complete a non-brokered private placement of a minimum of 20,000,000 units for minimum gross proceeds of $1,000,000 and a maximum of 43,500,000 units for maximum gross proceeds of $2,175,000, at a price of $0.05 per unit (the “Units“). Each Unit will consist of one common share of the Company (a “Common Share“) and one Common Share purchase warrant (a “Warrant“). Commencing on the 62nd day after issuance, each Warrant will be exercisable into one Common Share at a price of $0.07 for a period of 36 months from the date of issuance (the “Offering“).
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (“NI 45-106“), the Offering is being made to purchasers resident in all provinces of Canada, except Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the “Listed Issuer Financing Exemption“). The securities issued under the Listed Issuer Financing Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws. The Units may also be offered in offshore jurisdictions as permitted under applicable legislation and in the United States pursuant to an exemption from the registration requirements of the 1933 Act (as hereinafter defined).
The Offering is non-brokered; however, the Company has engaged Research Capital Corporation (the “Finder“) as its exclusive finder in connection with the Offering. The Company will pay a cash fee of 8% of the gross proceeds raised in respect of the Offering from subscribers introduced by such Finder to the Company. The Company will also issue the Finder that number of finder’s warrants (each a “Finder Warrant“) equal to 8% of the number of Units sold to investors introduced by the Finder to the Company. Each Finder Warrant shall entitle the holder thereof to acquire one Common Share at a price of $0.07 for a period of 36 months from issuance.
Subject to the minimum Offering being achieved, the Offering is expected to close in one or more closings, with the initial closing expected to occur on or about March 27, 2026, or such other date as may be determined by the Company.
Closing of the Offering is subject to obtaining all required approvals, including the approval of the Canadian Securities Exchange (the “CSE“) and any other regulatory approval.
The proceeds from the Offering will be used by Meryllion to fund exploration and development costs and for working capital purposes.
There is an offering document (the “Offering Document“) related to the Offering that can be accessed under the Company’s issuer profile on SEDAR+ at www.sedarplus.ca and on the Company’s website at: www.meryllionres.com. Prospective investors should read this Offering Document before making an investment decision.
The Company also announces that it has entered into an agreement with the Finder dated March 11, 2026 pursuant to which the Finder has agreed to provide financial advisory services to the Company (the “Advisory Agreement“). The Advisory Agreement has a term of 60 days and, in consideration of the services rendered, the Company has agreed to pay the Finder a cash fee of $25,000 (plus applicable taxes) and, subject to approval of the CSE, to issue the Finder an aggregate of 500,000 Common Shares (the “Advisory Shares“). The Advisory Shares shall be subject to a hold period expiring four months and a day from the date of issuance.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States. The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “1933 Act“) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
About Meryllion Resources Corporation:
Meryllion is an exploration-stage company listed on the Canadian Securities Exchange. The Company recently entered into a lease and option agreement in respect of the Makenzie gold/silver/antimony project located 44 kms south-southwest of Austin, Nevada in the Toiyabe Range of central Nevada. Makenzie is known to be one of the largest untested gold, silver and antimony anomalies in the state of Nevada.
Meryllion also has the rights to acquire up to a 100% interest in the Westbury and Tasmanian Strategic Green Metals ionic adsorption clay (IAC) hosted rare earth elements (REE) projects located in northeast Tasmania, Australia with a total tenement area of approximately 800 kms2. Meryllion’s IAC REE projects are situated along strike, and/or adjacent to, discoveries by ABx Group Limited. ABx has reported that Tb (Terbium) and Dy (Dysprosium) concentrations in all of ABx’s rare earths resources are the highest of any ionic adsorption clay deposit in Australia and are amongst the highest globally (refer ABx’s ASX announcement dated 5 May 2025).
For further information, please contact:
Mr. Richard Revelins Director and Chief Executive Officer Meryllion Resources Corporation
Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such.
Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
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