Tasmanian Ionic Adsorption Clay-Hosted Rare Earths Project

under exploration

Meryllion Resources completed the first drilling program on their Tasmanian project area, confirming the existence of a rare earth system within the project area. The drilling yielded encouraging results with the highest grade reaching 879 parts per million total rare earth oxides. Scandium mineralization was also identified, marking the first observation of scandium in the region. The company plans to continue drilling in July or August to further explore the system.