Meryllion Files Amended LIFE Offering Document to Include Quebec as an Offering Jurisdiction

• On April 9, 2026, Meryllion Resources filed an amended LIFE Offering Document to include Quebec as an offering jurisdiction.
• The terms of the private placement remain unchanged: 20M–43.5M units at $0.05 per unit, targeting gross proceeds of $1M–$2.175M.
• Closing is expected on or before April 21, 2026, subject to CSE and regulatory approvals.
• This follows the initial announcement of the non-brokered LIFE financing on March 13, 2026.
• The amendment facilitates broader investor access in Canada but does not alter the capital raise size or use of proceeds.

• Incremental Progress: The news is a procedural update to the March 13 announcement rather than new fundamental information. It confirms the company is moving toward closing the financing required for operations.
• Market Expectation: Given the March announcement and subsequent trading halt followed by price stability, this amendment was anticipated by the market as part of the standard regulatory process.
• Capital Necessity: The financing is critical given the company's negative working capital ($354k equity vs $517k liabilities) and cash position of only $337k (Dec 2025). Without this close, operational runway would be severely constrained.
• Dilution Risk: If fully subscribed, the issuance of up to 43.5M units represents a significant dilution (~50% increase in share count) at a price ($0.05) below recent trading levels ($0.07-$0.10 range seen earlier in 2026).
• Rating Justification: Classified as Routine - Positive because it validates the execution of a previously disclosed plan without introducing new strategic pivots or unexpected financial terms.

• Makenzie Project (Nevada): Gold/Silver/Antimony lode-mining claims in Nye County. Permitting for drilling was planned for Q1 2026. Antimony is a critical mineral with strategic supply chain importance.
• Tasmanian IAC REE Project: Ionic Adsorption Clay Rare Earths project covering ~800 km² in northeastern Tasmania. Drilling commenced February 2026 (400m reconnaissance). Historical sampling showed up to 3,500 ppm TREE with high-grade dysprosium and terbium.
• Development Stage: Exploration stage. No production revenue. Reliance on equity financing for all operations.