Mr. Richard Revelins reports

MERYLLION RESOURCES CLOSES SECOND TRANCHE OF PRIVATE PLACEMENT

Meryllion Resources Corp. has closed a second tranche of its previously announced non-brokered private placement. Pursuant to this second tranche, the corporation issued a total of 5,875,000 common shares in the capital stock of the corporation at a price of five cents per common share for gross proceeds of $293,750. Together with the first tranche, which closed on Dec 23, 2015, the corporation has raised total gross proceeds of $575,750 pursuant to the private placement.

The private placement is subject to final acceptance of the Canadian Securities Exchange. All securities issued pursuant to the private placement are subject to a hold period of four months and one day from the date of issuance.

The proceeds from the private placement will be used by Meryllion to finance exploration activities and for working capital purposes.

Meryllion chief executive officer Richard Revelins commented: "We thank our existing shareholders for their ongoing support and participation in this financing. We also welcome the participation from new and highly experienced mining investors who have joined the company as new shareholders. Meryllion will shortly be commencing a drilling campaign at its ionic adsorption clay hosted rare earths project, located in northeastern Tasmania. We are highly encouraged by the excellent recent drilling and recovery results announced by our neighbours, ABX Resources. With the growing world focus on rare earth elements and critical metals, we are looking forward to getting into the field and commencing drilling."

Certain insiders of the corporation participated in the second tranche for an aggregate of $200,000. The issuance of common shares to insiders 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 insiders' participation in the second tranche is below 25 per cent of the corporation's market capitalization for purposes of MI 61-101.

About Meryllion Resources Corp.

Meryllion is an exploration-stage company listed on the CSE. 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 one of the largest known 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 (IAC) hosted rare earth elements (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 announcement dated May 5, 2025).

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