Dr. Adrian McArthur reports

MERIDIAN ANNOUNCES RESULTS OF ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

Meridian Mining UK Societas has provided the voting results from the company's annual and special meeting of shareholders held on Wednesday, June 28, 2023. A total of 95,876,288 common shares were voted, representing 40.00 per cent of the company's issued and outstanding common shares as at the record date of May 16, 2023. Each of the matters voted upon is discussed in detail in the company's management information circular dated May 24, 2023, which can be found under the company's profile on SEDAR.

Shareholders of the company voted in favour of all the items of business before the meeting, including the election of directors of the company to serve until the close of the next annual meeting of shareholders of the company, or until their successors are elected or appointed.

The percentage of votes cast by shareholders of the company at the meeting, for each director, is as displayed in the attached table.

Nominee                               Votes for    % for   Votes withheld   % withheld

Adrian McArthur (executive)          95,866,888    99.99            9,400         0.01      
Gilbert Clark (executive)            94,537,256    98.60        1,339,032         1.40      
John Skinner (non-executive)         95,866,888    99.99            9,400         0.01      
Susanne Sesselmann (non-executive)   95,864,888    99.99           11,400         0.01      

Prior to the meeting, Charles Riopel removed his name for consideration for election as a director of the company and the resolution concerning his re-election was withdrawn as a result. Existing director Mark Thompson also did not stand for re-election. The directors of the company would like to thank both Mr. Riopel and Mr. Thompson sincerely for all the time and efforts spent in strongly contributing to the development of the company over the past years and wish them all the best in their future endeavours. The company plans to fill the vacancies on the board of directors again in due course.

In addition, shareholders approved the following matters submitted before the meeting:

• Reappointment of KPMG LLP, chartered professional accountants, as the company's auditor for the ensuing year at the remuneration to be fixed by the directors of the company;
• Appointment of PKF Littlejohn LLP as the company's auditors in the United Kingdom for the ensuing year and the directors of the company were authorized to fix the auditor's remuneration;
• Approval of the company's U.K. 2022 annual accounts;
• Authorization to the board pursuant to Section 551 of the United Kingdom Companies Act 2006 and Statute 5.5 of the company's articles to allot shares in the capital of the company;
• Approval by special resolutions authorizing the board to disapply pre-emptive rights pursuant to the act.

No other business was put forth before the meeting.

Additional details of the results of the meeting will be provided in a report of voting results to be filed under the company's profile on SEDAR.

The company also announces that Gilbert Clark stepped down from his role as executive chairman of the company. For the past few years, Mr. Clark has been a key cornerstone in managing the development of Meridian Mining and his efforts in this regard cannot be overemphasized. The board of directors expresses its sincere thanks for that.

About Meridian Mining UK Societas

Meridian Mining is focused on:

• The development and exploration of the advanced-stage Cabacal VMS (volcanogenic massive sulphide) gold-copper project;
• Regional-scale exploration of the Cabacal VMS belt;
• Exploration in the Jauru and Araputanga greenstone belts (the above all located in the state of Mato Grosso, Brazil);
• Exploring the Espigao polymetallic project in the state of Rondonia, Brazil.

We seek Safe Harbor.