Mr. Richard Revelins reports

MERYLLION ANNOUNCES NON-BROKERED LIFE FINANCING

Meryllion Resources Corp. intends to complete a non-brokered private placement of a minimum of 20 million units for minimum gross proceeds of $1-million and a maximum of 43.5 million units for maximum gross proceeds of $2,175,000, at a price of five cents per unit. Each unit will consist of one common share of the company and one common share purchase warrant. Commencing on the 62nd day after issuance, each warrant will be exercisable into one common share at a price of seven cents for a period of 36 months from the date of issuance.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 (Prospectus Exemptions), the offering is being made to purchasers resident in all provinces of Canada, except Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 (Exemptions from Certain Conditions of the Listed Issuer Financing Exemption). The securities issued under the listed issuer financing exemption will not be subject to a hold period in accordance with applicable Canadian securities laws. The units may also be offered in offshore jurisdictions as permitted under applicable legislation and in the United States pursuant to an exemption from the registration requirements of the 1933 Act (as hereinafter defined).

The offering is non-brokered; however, the company has engaged Research Capital Corp. as its exclusive finder in connection with the offering. The company will pay a cash fee of 8 per cent of the gross proceeds raised in respect of the offering from subscribers introduced by such finder to the company. The company will also issue the finder that number of finder warrants equal to 8 per cent of the number of units sold to investors introduced by the finder to the company. Each finder warrant shall entitle the holder thereof to acquire one common share at a price of seven cents for a period of 36 months from issuance.

Subject to the minimum offering being achieved, the offering is expected to close in one or more closings, with the initial closing expected to occur on or about March 27, 2026, or such other date as may be determined by the company.

Closing of the offering is subject to obtaining all required approvals, including the approval of the Canadian Securities Exchange and any other regulatory approval.

The proceeds from the offering will be used by Meryllion to finance exploration and development costs and for working capital purposes.

There is an offering document related to the offering that can be accessed under the company's issuer profile on SEDAR+ and on the company's website. Prospective investors should read this offering document before making an investment decision.

The company also announces that it has entered into an agreement with the finder dated March 11, 2026, pursuant to which the finder has agreed to provide financial advisory services to the company. The advisory agreement has a term of 60 days, and, in consideration of the services rendered, the company has agreed to pay the finder a cash fee of $25,000 (plus applicable taxes) and, subject to approval of the CSE, to issue the finder an aggregate of 500,000 common shares. The advisory shares shall be subject to a hold period expiring four months and a day from the date of issuance.

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 gold/silver/antimony project located 44 kilometres south-southwest of Austin, Nev., in the Toiyabe range of central Nevada. Makenzie is known to be one of the largest 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 Tb (terbium) and Dy (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 ABx's Australian Securities Exchange announcement dated May 5, 2025).

We seek Safe Harbor.