Vancouver - Meryllion Resources Corp. (CSE: MYR) ('Meryllion' or 'the Company') is pleased to announce that the first phase of exploration on the Mt Turner Cu-Mo-Au project in north Queensland has identified a number of previously unknown near surface drilling targets as well as sub vertical deeper targets possibly associated with porphyry mineralization targets.

Meryllion is earning an option over the Mt Turner Project from Essex Minerals Inc (TSXV: ESX) (OTCQB: ESXFM) (FSE: EWX1) ('Essex') by funding an induced polarization (IP) geophysical and mapping program to identify drill 1targets associated with an under-explored porphyry intrusive complex.

Highlights

A Phase 1 total of 31-line km of IP has been completed over the Mt Turner porphyry complex. The lines were spaced at 400 m with readings at 100 m along the lines.

The IP program has successfully identified a number of significant high-intensity chargeability anomalies indicative of sulphide mineralization within a large felsic, porphyry style mineralizing center with strike lengths of up to 1.6 km and widths of up to 1.2 km. The largest anomaly remains open to the north.

Coincident with and spatially related to the chargeability anomalies, detailed mapping has discovered a number of altered sub-volcanic and high-level volcanic intrusives, as well as an elongate, extensively altered, volcanic center.

Strike continuous chargeability anomalies have been identified in four main geological settings: A flat-lying high chargeability zone at a depth of between 100 - 150 m on the eastern flank of the altered volcanic centre.

Sub-horizontal and vertical deeper anomalies associated with the Mt Turner-type volcanic intrusives.

Additional vertical anomalies associated with a NE trending western structural corridor.

Anomalies associated with vertical altered sub-volcanic intrusives.

The eastern flat-lying zone is characterized by a +40 millivolt/volt anomaly currently traced for a strike of 1.6 km (open to the north) with a width of up to 1.2 km. Initial interpretation suggests this anomaly could represent a secondary sulphide blanket or mineralization associated with overlying impervious flat- lying volcanic units and underlying coarser units and flat granite fractures above vertical feeder structures - a classic trap site for hydrothermal fluids. The anomaly represents a previously unknown, significant near surface drill target.

The sub-horizontal and associated vertical anomalies are associated with the annular Mt Turner and Mt Turner East intrusive centers and provide important new data in defining significant porphyry drill targets at Mt Turner. Detailed field mapping has confirmed the contact of the intrusive and granite host is often occupied by annular hydrothermal and collapsed breccias intruded by late-stage pebble dykes. The clasts are rounded indicating transport and cemented in places by drusy quartz and gossan and display open space texture. In addition, quartz veined mineralized clasts within the breccia indicate that hydrothermal fluids have brought deeper mineralization to the surface. These hydrothermal breccias may have transported deeper porphyry style molybdenite mineralization to the surface which has been identified in previously reported soil anomalies. Decompression breccias indicative of a porphyry environment have also been observed.

The western NE striking zone varies from 100 to 200 m wide and is currently 1.2 km in strike. Several zones of quartz veined gossanous breccias associated with fault slices of schist and altered granite intruded by rhyolite dykes are evident at surface. A significant (+40 millivolt/volt) vertical chargeability anomaly is coincident with a gold in soil anomaly on IP Line 3 and 5. Supergene copper mineralization has been located at lower elevations associated with quartz veining. Several rock chips of surface mineralization have been submitted for assay.

Meryllion CEO Richard Revelins commented: 'We are delighted with the Phase 1 results from the IP program, which has identified significant near surface and deeper porphyry drill targets co-incident with previously identified surface gold, copper, and molybdenum in soil anomalies. These new sulphide targets are also associated with peripheral associated gold mineralization targets on the regional scale Drummer Fault and breccia complexes further to the north, making the Mt Turner property an exciting new exploration center.'

About Meryllion

Meryllion is an exploration and development company focused on mineral exploration and mine development and finance opportunities in Tier 1 jurisdictions, where the Company can earn an interest by funding exploration. The Company also has an option over the Oldham Range Polymetallic Project located 320kms west of Wiluna, Western Australia.

Contact:

Richard Revelins

Tel: +1-310-405-4475

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