Mr. Richard Revelins reports

MERYLLION ANNOUNCES CLOSING OF LIFE FINANCING

Meryllion Resources Corp. has closed its previously announced non-brokered financing. Pursuant to the offering, the company issued a total of 20.35 million units at a price of five cents per unit for gross proceeds of $1,017,500. Each unit consists of one common share of the company and one common share purchase warrant. Commencing on the 62nd day after issuance, each warrant will be exercisable into one common share at a price of seven cents for a period of 36 months from the date of issuance.

The units were offered for sale pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106, Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, in all provinces of Canada and other qualifying jurisdictions. The securities issued under the listed issuer financing exemption will not be subject to a hold period in accordance with applicable Canadian securities laws.

In connection with the offering, the company entered into an advisory agreement with Research Capital Corp., pursuant to which the adviser provided financial advisory, consulting and support services. In consideration for the advisory services, the company paid the adviser a cash work fee of $25,000 and issued 500,000 common shares at a deemed price of five cents per adviser share.

In connection with the offering, the company paid finders' fees to eligible finders in the aggregate amount of $81,400 and issued a total of 1,628,000 finders' warrants. Each finder's warrant entitles the holder thereof to acquire one common share at a price of seven cents for a period of 36 months from issuance.

All of the adviser shares and finders' warrants are subject to a hold period of four months and one day from the date of issuance in accordance with Canadian securities laws.

The proceeds from the offering will be used by Meryllion to finance exploration and development costs and for working capital purposes.

Croesus Mining Pty. Ltd., under the control of David Steinepreis, a director of the company, participated in the offering in the amount of $75,000. This participation constitutes a related-party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. Pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101, the company is exempt from the requirements to obtain a formal valuation and minority shareholder approval as the fair market value of the insider's participation in the offering is below 25 per cent of the corporation's market capitalization for purposes of MI 61-101.

The offering document related to the offering can be accessed under the company's issuer profile on SEDAR+ and on the company's website.

About Meryllion Resources Corp.

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 kilometres south-southwest of Austin, Nev., 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-per-cent interest in the Westbury and Tasmanian strategic green metals ionic-adsorption-clay-hosted (IAC) rare earth element (REE) projects located in northeast Tasmania, Australia, with a total tenement area of approximately 800 square kilometres. Meryllion's IAC REE projects are situated along strike, and/or adjacent to, discoveries by ABx Group Ltd. 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 among the highest globally (refer to ABx's Australian Securities Exchange news release dated May 5, 2025).

We seek Safe Harbor.