Mr. Richard Revelins reports

MERYLLION RESOURCES, DRILLING UNDERWAY AT TASMANIAN IAC REE PROJECT

Drilling commenced on schedule earlier this week at Meryllion Resources Corp.'s ionic adsorption clay hosted rare earth project in northeastern Tasmania, Australia.

Meryllion holds a large, 800-square-kilometre tenement package that is prospective for IAC hosted REEs.

Previous sampling by Meryllion (see the company's press release of May 21, 2024) reported sampling grades up to 3,500 parts per million TREE (total rare earth elements in the range of 2,395.5 to 3,505.3 ppm), including high-grade dysprosium (Dy to Dy2O3 equals 163.0 to 276.6 ppm) and terbium (Tb to Tb4O7 equals 26.11 to 43.28 ppm) from outcrop sampling at Westbury coupled with low levels of radioactive elements (thorium and uranium -- none detected).

The drilling program has been designed to follow up these prospective sampling results through an investigative reconnaissance open-hole RAB drilling program.

Meryllion will be drilling approximately 400 metres in wide-spaced reconnaissance-type vertical holes to an expected average of six metres deep using open-hole rotary air blast techniques.

Samples will be taken at one-metre intervals from surface and sent to the ALS Chemex laboratory in Burnie, Tasmania, for prepping and to the South Australia facility for XRF analysis.

Meryllion chief executive officer Richard Revelins commented: "We are very pleased to get out onto our ground and start drilling. We are highly encouraged by the results that have been reported by our immediate neighbours ABx Group. The nature of IAC REE deposits is they tend to occur near surface and are generally shallow in nature. The drilling program is designed to cover as much ground as possible over a number of defined target areas. We anticipate having results available within the next 60 days."

The company is also planning to initiate the permitting process, in first quarter 2026, to enable drilling at the Makenzie project in Nye county, Nevada, one of the largest untested antimony, gold, silver projects in Nevada to proceed.

Qualified person

Mark J. Pryor, SACNASP, is a qualified person as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and has reviewed and approved the scientific and technical disclosure set out in this news release. Mr. Pryor is an independent adviser to the company.

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 antimony/gold/silver 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 an up-to-100-per-cent interest in the Westbury and Tasmanian strategic green metal ionic adsorption clay hosted rare earth element projects located in northeastern 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 terbium and dysprosium concentrations in all of ABx's rare earth resources are the highest of any ionic adsorption clay deposit in Australia and are amongst the highest globally (refer to ABx Australian Securities Exchange announcement dated May 5, 2025).

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