Mr. Brian Leeners reports

PRIME MERIDIAN CLOSES PRIVATE PLACEMENT

The TSX Venture Exchange has accepted for filing documentation with respect to Prime Meridian Resources Corp.'s non-brokered private placement announced July 17, 2014, Aug. 13, 2014, and Sept. 22, 2014. Under the closing, the company will issue 8,115,000 units at a price of 10 cents per unit for gross proceeds of $811,500. Each unit will consist of one common share and one common share purchase warrant, with each unit warrant entitling the holder to acquire one additional common share at a price of 50 cents per share for one year from closing. The unit warrants are subject to the right of the company to accelerate the exercise period for the unit warrants if the common shares of the company trade above 50 cents for a period of 10 consecutive trading days. The proceeds of the private placement will be allocated toward general working capital purposes and repayment of debt.

There will be a four-month statutory hold on all securities issued pursuant to this financing, expiring March 1, 2015.