Mersington Capital Inc.

November 23, 2006 16:49 ET

Mersington Capital Announces Suspension From Trading

MONTREAL, QUEBEC--(CCNMatthews - Nov. 23, 2006) - Mersington Capital Inc. (TSX VENTURE:MSG.P) ("Mersington") announces that it has received notice from the TSX Venture Exchange (the "Exchange") that the Exchange will change the trading status of Mersington's common shares from a halt to a suspend, for failure to complete a Qualifying Transaction within 24 months of listing on the Exchange in accordance with Exchange Policy 2.4, effective the opening Monday November 27, 2006. The Exchange has also placed Mersington on notice to delist and to avoid delisting Mersington must either complete a Qualifying Transaction, as evidenced by the issuance of a Final Exchange Bulletin, or transfer its listing to NEX prior to February 22, 2007.

Further to its news release of November 16, 2006, regarding a proposed Qualifying Transaction with Prime Meridian Resources Ltd., Mersington advises that it will continue to work to completion of that transaction prior to the delisting deadline. Mersington expects to be able to submit, for Exchange review, a draft Filing Statement relating to this Qualifying Transaction within the next two weeks and to also set a date for a shareholders' meeting to approve, among other things, matters related to the completion of the Qualifying Transaction.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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