Meryllion Resources Closes First Tranche of Private Placement

Rhea-AI Summary

Meryllion Resources (OTC:MYRLF) closed the first tranche of a non-brokered private placement on December 23, 2025. The Company issued 5,640,000 common shares at $0.05 per share for gross proceeds of $282,000.

The Company paid a $10,500 finder’s fee and says proceeds will be used for exploration activities and working capital. A second tranche is expected within two weeks and issuance remains subject to final CSE acceptance. All securities are subject to a four-month-and-one-day hold period. Insiders subscribed for $37,500, constituting a related-party transaction exempt from formal valuation and minority approval under MI 61-101.

Positive

• Gross proceeds of $282,000 raised
• Proceeds earmarked for exploration and working capital
• Expected second tranche within two weeks

Negative

• Issued 5,640,000 shares at $0.05, causing shareholder dilution
• $10,500 finder’s fee paid from placement proceeds
• Securities subject to 4-month-and-1-day hold period limiting immediate liquidity

Vancouver, British Columbia--(Newsfile Corp. - December 23, 2025) - Meryllion Resources Corporation (CSE: MYR) ("Meryllion" or the "Company") is pleased to announce that it has closed a first tranche (the "First Tranche") of its previously announced non-brokered private placement (the "Private Placement"). Pursuant to this First Tranche, the Company issued a total of 5,640,000 common shares in the capital stock of the Company (the "Common Shares") at a price of $0.05 per Common Share for gross proceeds of $ $282,000. The Company paid a finder's fee of $10,500 to an eligible finder assisting with the First Tranche. The Company expects to close a second tranche of the Private Placement within the next two weeks.

The Private Placement is subject to final acceptance of the Canadian Securities Exchange (the "CSE"). All securities issued pursuant to the Private Placement are subject to a hold period of four months and one day from the date of issuance.

The proceeds from the Private Placement will be used by Meryllion to fund exploration activities and for working capital purposes.

Certain insiders of the Company participated in the First Tranche for an aggregate of $37,500. The issuance of Common Shares to insiders constitutes a related-party transaction within the meaning of Multi-Lateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Pursuant to Sections 5.5(a) and 5.7(1)(a) of MI 61-101, the Company is exempt from the requirements to obtain a formal valuation and minority shareholder approval as the fair market value of the insiders' participation in the First Tranche is below 25% of the Corporation's market capitalization for purposes of MI 61-101.

About Meryllion Resources Corporation:

Meryllion is an exploration stage company listed on the CSE. The Company recently entered into a lease and option agreement in respect of the Makenzie gold/silver/antimony project located 44 kms south southwest of Austin, Nevada in the Toiyabe Range of central Nevada. Makenzie is one of the largest known untested gold, silver and antimony anomalies in the state of Nevada.

Meryllion also has the rights to acquire up to a 100% interest in the Westbury and Tasmanian Strategic Green Metals ionic adsorption clay (IAC) hosted rare earth elements (REE) projects located in northeast Tasmania, Australia with a total tenement area of approximately 800 kms2. Meryllion's IAC REE projects are situated along strike, and/or adjacent to, discoveries by ABx Group Limited. ABx has reported that Tb (Terbium) and Dy (Dysprosium) concentrations in all of ABx's rare earths resources are the highest of any ionic adsorption clay deposit in Australia and are amongst the highest globally (refer ABx ASX announcement dated 5 May 2025).

For further information, please contact:

Mr. Richard Revelins
Director and Chief Executive Officer
Meryllion Resources Corporation

+1-310-405-4475
rrevelins@peregrinecorporate.com

Forward-Looking Statements:

Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation 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 expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such.

Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278987

FAQ

How many shares did Meryllion Resources (MYRLF) issue in the December 23, 2025 first tranche?

The Company issued 5,640,000 common shares in the first tranche.

How much money did Meryllion Resources (MYRLF) raise in the first tranche on December 23, 2025?

Gross proceeds from the first tranche were $282,000.

What will Meryllion Resources (MYRLF) use the private placement proceeds for?

Proceeds will be used to fund exploration activities and for working capital.

Did insiders participate in Meryllion Resources (MYRLF) private placement on December 23, 2025?

Yes; certain insiders participated for an aggregate of $37,500.

Are the shares issued by Meryllion Resources (MYRLF) tradable immediately after the December 23, 2025 issuance?

No; all securities are subject to a hold period of four months and one day from issuance.

Is the December 23, 2025 private placement in final form for Meryllion Resources (MYRLF)?

The placement is subject to final acceptance by the Canadian Securities Exchange (CSE).