Mr. Richard Revelins reports

MERYLLION ANNOUNCES CANCELLATION OF NON-BROKERED LIFE FINANCING

Due to market conditions, Meryllion Resources Corp. has elected to cancel its previously announced non-brokered private placement offering (the LIFE (listed issuer financing exemption) offering). The LIFE offering was intended to be conducted under the listed issuer financing exemption under Section 5A.2 of National Instrument 45-106, Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption.

The LIFE offering was originally announced on March 13, 2026, and subsequently amended on April 9, 2026. Further details regarding the proposed terms of the LIFE offering can be found in the company's prior news releases.

The company continues to evaluate potential financing opportunities and will provide further updates as appropriate.

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 up to a 100-per-cent interest in the Westbury and Tasmanian strategic green metals ionic-adsorption-clay-hosted (IAC) rare earth element (REE) 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.