Prime Meridian Resources Corp. announced that the Company has executed a letter of intent dated November 26th (LOI) for the right to purchase up to a 100% interest in the 829.5-hectare La Sarita Copper-Silver Project, located in Sonora, Mexico, 17 kilometres southeast of the town of Moctezuma and 195 kilometres east of Hermosillo. Mineralization at the La Sarita Copper-Silver Project is dominantly copper, and silver hosted within skarn and vein/replacement zones.

The Company's plan is to fast-track the exploration and development of the copper-silver skarn mineralization, while evaluating the highly prospective surrounding ground for additional copper porphyry mineralization near the primary skarn zones. The Project encompasses historical small-scale artisanal mine workings, assumed to have been intermittently active since the late 1800's, and several areas of copper-iron oxides in outcrop. Old mine workings are developed on structurally controlled epithermal quartz-carbonate veins and associated lateral replacement zones.

Disseminated and replacement type copper mineralization also occurs on the Project. The mineralization types appear to include porphyry-style disseminated copper, porphyry- related skarn-manto replacement zones in limestone, and epithermal quartz-carbonate copper-silver veins. The project is situated within a region endowed with copper and precious metal deposits.

Puerta Verde 2 Mine The Puerta Verde 2 Mine is the site of the largest underground workings at La Sarita, consisting of two tunnels driven into the hill in a northeast direction. Tunnel #1, with a length of 16 metres, lies approximately 17 metres to the west of Tunnel #2 and was mined entirely into mineralization. Tunnel #2 has a length of approximately 40 metres to the face, also entirely within mineralization.

At the Tunnel #2 entrance there is a 23-metre-deep shaft, where copper oxide can be seen on the walls. Towards the end of Tunnel #2, a >33 metre vertical winze shows continuous copper mineralization to an unknown depth. The mineralization at Puerta Verde 2 is hosted within carbonate rocks of the Bisbee Group and appears to be a replacement of the carbonate that is controlled by moderate to steeply dipping faults intersecting shallow dipping bedding.

Geochemical analyses conducted by previous works returned significant values for copper and silver. The results indicate potential high-value silver-copper mineralization in structurally controlled veins and replacements zones, and potential for low-grade, bulk tonnage copper mineralization in granodiorite. In 2008, porphyry-style mineralization located 400 metres north of the Puerta Verde 2 portal returned 0.5 to 2.0% Cu and 20 to 40 g/t Ag.

Sampling in this same area reportedly also returned up to 3.59% Cu and 53.8g/t Ag over 2.0 metres. Sampling within Tunnel #2 reportedly returned up to 6.83% Cu and 310 g/t Ag over 1.2 metres, with several other locations within the tunnel and shaft returning similar grades as well as one sample of 459 g/t Ag and 0.3% Cu over 1.2 metres. Select check sampling, carried out for the 2011 NI 43-101 Technical Report on La Sarita returned up to 3.8% Cu from a 1.0 metre chip/channel sample of oxidised mineralization in the Puerta Verde 2 Mine.

Other results ranged from 0.34 to 2.28% Cu. Silver assays from La Sarita ranged up to 774.9 g/t Ag from a 1.7 metre chip/channel sample of oxidised mineralization, also from the Puerta Verde 2 Mine. Six other anomalous results for silver ranged between 41.1 and 147.4 g/t Ag.