Mr. Brian Leeners reports

PRIME MERIDIAN INCREASES PRIVATE PLACEMENT

Prime Meridian Resources Corp. will increase the current non-brokered private placement (see news release of July 28, 2014) of up to five million units at a price of 10 cents per unit to raise proceeds of up to $500,000, to 10 million units to raise proceeds of up to $1-million. 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. The company will not be proceeding with a planned shares for debt issuance.

The company may pay finder's fees on the private placement proceeds to certain parties, in accordance with the policies of and subject to the approval of the TSX Venture Exchange.