Meridian Increases Landbank Over the Cabacal Copper-Gold Belt

LONDON - Meridian Mining UK S (TSXV: MNO) (Frankfurt: 2MM) (Tradegate: 2MM) (OTCQB: MRRDF) ('Meridian' or the 'Company') is pleased to provide an update on its landbank for the camp scale Cabacal Copper-Gold VMS Project ('Cabacal') in Mato Grosso, Brazil.

Meridian has received notification that it has placed the winning bids on three new Cabacal exploration licences via the land release auction process of the Agencia Nacional de Mineracao ('ANM'). This secures a significant strategic extension to the Company's landbank, covering both historical BP targets, and newly defined anomalies from a satellite alteration mapping exercise commissioned by the Company (WorldView-3). Meridian is now the dominate developer of an advanced camp scale copper-gold belt.

Highlights of today's update

Meridian expands dominant landbank over the Cabacal Copper-Gold Belt; Meridian wins 3 new licences covering Cabacal's northwestern and southeastern limits; New licences enhance the established upside of the Cabacal Copper-Gold prospect; Dr Adrian McArthur, CEO and President of Meridian, comments, 'The Company is pleased to announce it has placed the winning bid on these three licences, consolidating Cabacal's landbank of prospective copper-gold geology to the limits of the Cabacal Cu-Au VMS Belt. The new licences provide continuity with an earlier application, the Southern extension, where a copper anomaly has been defined by BP Minerals ('BP') stream sediment sampling. The Company is particularly excited by the presence of multiple and coincident anomalies defined by the WorldView-3 alteration mapping, being adjacent to BP's historical geochemical and geophysical anomalies. The licences will be initially in the application stage, but the Company looks forward to executing regional programs in the future with formal approval by the ANM. With these new tenements, Meridian's landbank package covers almost the complete entirety of the highly prospective Cabacal VMS copper-gold Belt, essentially an undeveloped metallogenic belt, and we are probably the only company developing such an advanced asset in the Junior market today.'

Contact:

Dr. Adrian McArthur

Tel: [phone]

Email: [e-mail]

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 Cabacal VMS Copper-Gold project, exploration in the Jauru & Araputanga Greenstone Belts located in the state of Mato Grosso; exploring the Espigao polymetallic project and the Mirante da Serra manganese project in the State of Rondonia 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 mineralization. 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.

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