Prime Meridian Resources Corp.
TSX VENTURE : PMR
FRANKFURT : DYD

Prime Meridian Resources Corp.

September 07, 2007 16:04 ET

Prime Meridian Resources Corp.: Wilson Creek Iron-Oxide-Copper-Gold Drilling Underway Analyses Received for Bangston Lake

CALGARY, ALBERTA--(Marketwire - Sept. 7, 2007) - Prime Meridian Resources Corp. (TSX VENTURE:PMR) (FRANKFURT:DYD) ("Prime Meridian") announces that drilling is underway on the Wilson Creek IOCG (Iron Oxide-Copper-Gold) Project Area. Drilling began on September 5th with the collaring of DDH S9-1 on a large and coincident magnetic anomaly with a direct electromagnetic response developed from Prime Meridian's GEOTEM airborne survey and further confirmed by ground geophysical surveys earlier this year. After the completion of S9-1, drilling will continue on other IOCG project targets where Prime Meridian's geological reconnaissance samples from outcrop and subcrop were found to contain anomalous copper-gold-tungsten-bismuth-flourine mineralization (see Prime Meridian's NI 43-101 report for details) and associated hydrothermal alteration. Prime Meridian's airborne and ground geophysical surveys confirmed targets that are coincident with and peripheral to the anomalous reconnaissance sample locations. Minimally, six separate targets will be drill tested at this location which encompasses an area of approximately 2 miles x 3 miles in dimension.

The final geophysical datasets from the flying of Geotech's VTEM surveys (heliborne magnetic / electromagnetic system) over three of Prime Meridian's Mid-Tier nickel-copper projects re being interpreted by Geotech's geophysicist. Target exploration will begin at these projects in the Norway Lake, Wolf Mountain and Winterfire areas after the receipt of these data.

The drilling program at the Bangston Lake Project was completed. Four holes were drilled there, all designed to test individual, high priority magnetic and electromagnetic targets developed from Prime Meridian's airborne and subsequent ground geophysical surveys. A total of 222.6 feet of massive to semi-massive sulfide was discovered in three of the four holes with the thickest intercept of 131.1 feet occurring in DDH BLS-1. Assays have been received for three of the four holes with the results tabulated below indicating that there are no significant base metal concentrations. The fourth hole, designed to test for base metal enrichment at the contact of the DDH BLS-1 massive sulfide body with a Keweenawan-aged mafic intrusive (gabbro), was not assayed. Only trace amounts of chalcopyrite were noted in the core samples from this hole.

The geochemical anomalies present in soils collected on the geophysical grid, as reported in Prime Meridian's news release dated August 24, 2007, were also explained by drilling as being derived from an ultramafic intrusive (serpentinite / peridotite protolith) with a thickness of 230 feet. This unit resides in the hanging wall above the massive sulfide intercepts. No significant geochemical values for base or precious metals are contained within this intrusive.



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Prime Meridian - Bangston Lake Project - Drilling Results
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Intercept Ag Au Pt Pd
Project DDH (ft) Cu% Ni% (grm) (ppb) (ppb) (ppb)
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Bangston BLN-1 10 0.19% 0.05% nil 11 nil Nil
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Bangston BLN-2 10 0.12% 0.03% 2.3 17 15 13
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Bangston BLS-1 (1)105 0.06% 0.03% nil 12 16 11

Bangston BLS-1 25 0.03% nil 41 26 23
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(1) = Containing 20' @ .07% Cu
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Prime Meridian Resources Corp.

Michael J. Senn, President and CEO

Prime Meridian Resources Corp. is a Canadian exploration company focused on the Midcontinent Rift system in Michigan and Minnesota.

Michael Senn, P.Geol, President of Prime Meridian and a "qualified person" as defined by National Instrument 43-101, prepared the information in this release. Detailed information on the projects described above can be accessed in NI43-101 reports available at www.sedar.com.

Certain disclosures in this release, including management's assessment of Prime Meridian's plans and projects, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to Prime Meridian's operation as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. Prime Meridian expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise.

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

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