Meridian Mining Announces Results of Annual General Meeting

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LONDON, July 5, 2021 - Meridian Mining UK S (TSXV: MNO) (Frankfurt: 2MM) (the "Company") is pleased to report on the results of the Annual General Meeting (the "Meeting") of shareholders held on June 30, 2021 at 201 Bishopsgate, London, United Kingdom.

At the Meeting the shareholders approved the number of directors at five (5). Adrian McArthur, Gilbert Clark, Charles Riopel, John Skinner and Mark Thompson were elected as directors of the Company for the ensuing year.

In addition, at the Meeting the shareholders approved:

• The re-appointment of KPMG, LLP Chartered Accountants as auditors;
  
  
• The Company's Stock Option Plan;
  
  
• The authorization of the Board of Directors to allot up to 300 million shares in the capital of the Company; and
  
  
• The authorization of the Board of Directors to allot up to 300 million shares in the capital of the Company and the disapplication of pre-emptive rights for such allotment.

These items are further detailed in the Management Information Circular dated May 28, 2021. The 2020 annual accounts (which relate to standalone annual financial statements required under UK corporate law and not the consolidated annual financial statements previously filed pursuant to Canadian securities laws) were not considered at the Meeting but rather the Meeting was adjourned until Thursday, July 8, 2021 at 3:00 p.m. (London UK time), at which time the 2020 annual accounts will be considered and, if warranted, approved.

On behalf of the Board of Directors of Meridian Mining UK S

Mr Gilbert Clark
Executive Chairman
Meridian Mining UK S
Email: info@meridianmining.net.br
Ph: +1 (778) 715-6410 (PST)

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Further information can be found at www.meridianmining.co

About Meridian

Meridian Mining UK S is focused on the acquisition, exploration and development activities in Brazil. The Company is currently focused on resource development of the Cabaçal VMS Copper-Gold project, exploration in the Jaurú & Araputanga Greenstone belts located in the state of Mato Grosso; exploring the Espigão polymetallic project and the Mirante da Serra manganese project in the State of Rondônia Brazil.

FORWARD-LOOKING STATEMENTS

Some statements in this news release contain forward-looking information or forward-looking statements for the purposes of applicable securities laws. These statements include, among others, statements with respect to the Company's plans for exploration, development and exploitation of its properties and potential mineralisation. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such risk factors include, among others, failure to obtain regulatory approvals, failure to complete anticipated transactions, the timing and success of future exploration and development activities, exploration and development risks, title matters, inability to obtain any required third party consents, operating risks and hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices and one-time events. In making the forward-looking statements, the Company has applied several material assumptions including, but not limited to, the assumptions that: (1) the proposed exploration, development and exploitation of mineral projects will proceed as planned; (2) market fundamentals will result in sustained metals and minerals prices and (3) any additional financing needed will be available on reasonable terms. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

The Company cautions that it has not completed any feasibility studies on any of its mineral properties, and no mineral reserve estimate or mineral resource estimate has been established. Geophysical exploration targets are preliminary in nature and not conclusive evidence of the likelihood of a mineral deposit.

The TSX Venture Exchange has neither approved nor disapproved the contents of this news release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Meridian Mining S.E.