MERIDIAN MINERALS LIMITED

Meridian Minerals Limited announces that all conditions precedent required by the purchase agreement for the Lennard Shelf Zinc project have been satisfied and the acquisition of the project has been completed. As final satisfaction of the purchase agreement, 25,000,000 ordinary Meridian shares have been issued to Lennard Shelf Pty Ltd, a Teck and Xstrata joint venture company. Meridian will now move to complete the $10.5M investment from Chinese company Northwest Mining and Geology Group Co Ltd and commence a feasibility study, including a +20,000m infill and extension drill program at the Kapok and Kapok West prospects.