Meryllion Announces Closing of LIFE Financing

About this update from Meryllion Resources Corp.

Vancouver, British Columbia--(Newsfile Corp. - June 1, 2026) - Meryllion Resources Corporation (CSE: MYR) ("Meryllion" or the "Company") is pleased to announce that it has closed its previously announced non-brokered financing (the "Offering"). Pursuant to the Offering, the Company issued a total of 20,350,000 units (the "Units") at a price of $0.05 per Unit for gross proceeds of $1,017,500. Each Unit consists of one common share of the Company (a "Common Share") and one Common Share purchase warrant (a "Warrant"). Commencing on the 62nd day after issuance, each Warrant will be exercisable into one Common Share at a price of $0.07 for a period of 36 months from the date of issuance. The Units were offered for sale pursuant to the listed issuer financing exemption under Part 5A 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 "Listed Issuer Financing Exemption") in all provinces of Canada and other qualifying jurisdictions. The securities issued under the Listed Issuer Financing Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws. In connection with the Offering, the Company entered into an Advisory Agreement with Research Capital Corporation (the "Advisor"), pursuant to which the Advisor provided financial advisory, consulting, and support services (the "Advisory Services"). In consideration for the Advisory Services, the Company paid the Advisor a cash work fee of $25,000 and issued 500,000 Common Shares (the "Advisor Shares") at a deemed price of $0.05 per Advisor Share. In connection with the Offering, the Company paid finder's fees to eligible finders in the aggregate amount of $81,400 and issued a total of 1,628,000 finder's warrants (the "Finder's Warrants"). Each Finder's Warrant entitles the holder thereof to acquire one Common Share at a price of $0.07 for a period of 36 months from issuance. All of the Advisor Shares and Finder's Warrants are subject to a hold period of four months and one day from the date of issuance in accordance with Canadian securities laws. The proceeds from the Offering will be used by Meryllion to fun...

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