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Meryllion Announces Results from Three New Mineralized Breccia Zones at Its Cerro Amarillo Cu-Mo-Au Property in Argentina

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/10/14 -- Meryllion Resources Corporation ("Meryllion" or the "Company") (TSX VENTURE: MYR) is pleased to announce the rock sampling results from the three recently discovered breccia bodies at the La Blanca prospect at its Cerro Amarillo project in west central Argentina. The La Blanca prospect lies in the southwest quadrant of the 168 km2 Cerro Amarillo property which contains at least three high-priority prospects, in addition to a number of other colour/alteration anomalies as described in the Company's news release of January 20, 2014.

The three breccia pipes form part of the La Blanca system which comprises extensive hydrothermal alteration developed over a six km strike, and includes zones of quartz+pyrite with argillic overprinting developed over a distance of at least two km in which the three breccia zones were discovered over the course of routine detailed mapping. Grab samples from both float and outcrop were taken during the mapping of this topographically challenging area, and some 136 samples were submitted to the accredited facilities of ALS Chemex laboratory in Argentina for analysis. The analytical results of this sampling are shown in Table 1 and Figure 1.

The assay results support that La Blanca is a very prospective system. The results range up-to 8,590 ppm (0.86%) Cu, 170 ppm Mo and 731 ppb Au. At the Main Breccia zone, values up to 0.375% Cu are found in outcrop, while many float samples found downslope to the west of the Main Zone returned results as high as 0.18% Cu. It should be noted that sampling of the Main Zone is presently confined to the very southwest corner of the outcropping pipe due to safety considerations imposed by the difficult topography. The clasts of breccia in this area are angular to sub-rounded, and the matrix between the fragments is dominated by gossan developed after sulphide, with minor quartz, hematite, calcite, and gypsum. Secondary copper minerals (malachite and azurite) were observed both in outcrop and in float near the southern limit of the exposure of this pipe. Outcrop samples from the 150 m Breccia zone returned the highest values of Cu, at 0.86% Cu, while the 70 m Breccia zone is enriched in gold, with a sample returning a value of nearly 0.5 g/t (457 ppb) Au.

In addition to analyzing for Cu, Mo, and Au, ALS Chemex also analyzed for other elements, including Pb and Zn which typically occur in veins peripheral to porphyry systems. None of the samples from the La Blanca are high in either Pb or Zn, yet are strongly anomalous in Cu, Mo, and Au. This suggests that the three mineralized breccia zones at La Blanca are located near the core of this mineralizing system.

The La Blanca hydrothermal intrusive breccia pipes share similar characteristics with some Cu-Mo-mineralized porphyry systems, particularly El Teniente (some 120 km to the north).

"The results of the preliminary sampling at La Blanca confirm the potential of the La Blanca zone and our confidence in the project," commented Meryllion's CEO Terry Krepiakevich. "Moreover, these results add to our database which will assist our exploration team with developing drill targets from the integrated interpretation of the multi-layered database that Meryllion is in the process of developing."

Meryllion's program at Cerro Amarillo for the 2013/2014 field season comprises detailed geological mapping and grab sampling, focused geochemical surveying over specific prospect areas, and geophysical surveying together with property-wide prospecting. The exploration program is being supervised by Willem Fuchter, PhD PGeo, CEO of Meryllion's subsidiary in Argentina. Dr Fuchter is a Member of the Association of Professional Geoscientists of Ontario ("APGO"), and is a qualified person in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects. He has approved the technical data disclosed in this news release.

About Meryllion

Meryllion is a natural resource company engaged in the acquisition and exploration of resource properties in South America.

This press release contains forward-looking statements. All statements, other than statements of historical fact, constitute "forward-looking statements" and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company's strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance.

There can be no assurance that any forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events.

The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

To view Figure 1, please visit the following link: http://media3.marketwire.com/docs/MYRfig1.pdf.

Sample results for Selected Elements from the La Blanca Prospect at Cerro Amarillo.

----------------------------------------------------------------------------
Sample No    Easting    Northing Au (g/t)Cu (ppm) Mo (ppm) Pb (ppm) Zn (ppm)
----------------------------------------------------------------------------
1554        383728.4   6090686.0    0.007      11     0.86     3.50    10.00
----------------------------------------------------------------------------
1555        383796.2   6090671.1    0.008      32     1.98     5.10    16.90
----------------------------------------------------------------------------
1556        383881.5   6090602.4    0.006      51     3.47     3.60    14.10
----------------------------------------------------------------------------
1557        384002.9   6090585.9    0.003     665     4.79     2.70    50.20
----------------------------------------------------------------------------
1558        384002.9   6090585.9    0.004     588     3.77     3.20    60.70
----------------------------------------------------------------------------
1559        384074.2   6090608.7    0.013     311     1.66     2.40    32.90
----------------------------------------------------------------------------
1560        383694.4   6090695.0    0.004     176     3.08     1.50    39.30
----------------------------------------------------------------------------
1561        383721.5   6090675.1    0.021       9    14.30     2.50     2.60
----------------------------------------------------------------------------
1562        383724.3   6090685.4    0.004     405    20.00     3.40    16.90
----------------------------------------------------------------------------
1563        383781.0   6090676.7    0.013      11     8.69     6.50     4.10
----------------------------------------------------------------------------
1564        383793.4   6090670.5    0.007      25     1.32     4.00    12.60
----------------------------------------------------------------------------
1565        383812.7   6090649.7    0.003      31     0.74     2.70     7.00
----------------------------------------------------------------------------
1566        383845.0   6090619.9    0.004       8     3.47     3.70     6.00
----------------------------------------------------------------------------
1567        383890.0   6090582.4    0.022      75    10.15     4.70     3.60
----------------------------------------------------------------------------
1568        383927.2   6090571.9    0.008     304     5.21     2.40    37.40
----------------------------------------------------------------------------
1569        383915.5   6090491.3    0.002      70     3.33     4.40    19.50
----------------------------------------------------------------------------
1570        383785.2   6090603.0    0.003      81     2.90     8.50    27.80
----------------------------------------------------------------------------
1571        383842.1   6090561.9    0.004      45     1.66     2.70    13.50
----------------------------------------------------------------------------
1572        383923.2   6090496.9    0.012      26     2.27     2.70     3.60
----------------------------------------------------------------------------
1573        384004.7   6090587.0    0.002     176    16.15     5.00    16.60
----------------------------------------------------------------------------
1574        384007.4   6090580.6    0.048      16    13.50     1.60     3.10
----------------------------------------------------------------------------
1575        384042.9   6090528.5    0.007      50    10.35     3.30     4.80
----------------------------------------------------------------------------
1576        384062.4   6090542.5    0.024     150     3.68     3.20    20.20
----------------------------------------------------------------------------
1577        384113.5   6090539.0    0.039      11     2.47    10.80     4.60
----------------------------------------------------------------------------
1578        384098.2   6090511.3    0.004     364    45.10     4.50     9.90
----------------------------------------------------------------------------
1579        383898.7   6090547.0    0.007      30     4.87     3.40     1.70
----------------------------------------------------------------------------
1580        384030.1   6090099.4    0.018     582     2.00     1.80    39.30
----------------------------------------------------------------------------
1581        384063.2   6090547.8    0.001      36     0.54     2.40    11.10
----------------------------------------------------------------------------
1582        384128.5   6090471.8    0.016      18     4.00     3.60     4.30
----------------------------------------------------------------------------
1583        384009.5   6090147.4    0.007     536     3.64     3.70    15.40
----------------------------------------------------------------------------
1584        384006.9   6090148.3    0.038      27    10.25     6.90     3.00
----------------------------------------------------------------------------
1585        384006.8   6090147.0    0.028     494     4.11     4.90    41.70
----------------------------------------------------------------------------
1586        384038.2   6090200.5    0.016      12     4.80     3.00     3.30
----------------------------------------------------------------------------
1587        384073.6   6090231.2    0.019     305     2.52     6.00    13.30
----------------------------------------------------------------------------
1588        384073.4   6090232.4    0.009      56     7.26     3.00     3.90
----------------------------------------------------------------------------
1589        384029.8   6090099.4    0.028      44    23.30     3.40     2.30
----------------------------------------------------------------------------
1590        384099.4   6090540.8    0.002     614     1.78     2.30    54.00
----------------------------------------------------------------------------
1591        384025.4   6090092.7    0.002     858     2.67     2.10    42.70
----------------------------------------------------------------------------
1592        384049.7   6090110.6    0.006     476     2.98     9.90    53.00
----------------------------------------------------------------------------
1593        384166.9   6090280.7    0.002     179     1.19     2.40    35.30
----------------------------------------------------------------------------
1594        384155.0   6090316.3    0.024     647     5.98     2.40    60.90
----------------------------------------------------------------------------
1595        384014.0   6090208.3    0.013    1455     2.47     2.00   107.00
----------------------------------------------------------------------------
1596        385662.7   6090887.7    0.002     718     4.68     2.60    17.30
----------------------------------------------------------------------------
1597        385651.8   6090898.9    0.006      98     1.46     3.30    19.60
----------------------------------------------------------------------------
1598        384485.4   6090558.2    0.016    1795     3.61     2.50    45.30
----------------------------------------------------------------------------
1599        385043.2   6089874.5    0.021      15     0.41     8.20    14.70
----------------------------------------------------------------------------
1600        384031.3   6090109.5    0.014      66    28.50     1.70     5.60
----------------------------------------------------------------------------
1601        384018.3   6090148.8    0.001     114    31.20     7.50    14.90
----------------------------------------------------------------------------
1602        384013.5   6090174.5    0.003      23     1.73     1.90     2.50
----------------------------------------------------------------------------
1603        384028.9   6090215.5    0.006     231     4.37     3.40    63.90
----------------------------------------------------------------------------
1604        384030.4   6090216.3    0.014      26    13.05     4.80     3.70
----------------------------------------------------------------------------
1605        384026.6   6090218.7    0.001      14     1.67     1.10     2.30
----------------------------------------------------------------------------
1606        385723.0   6090772.0    0.002     102     6.06     2.80    15.30
----------------------------------------------------------------------------
1607        385764.3   6090777.8    0.006      68     2.69     4.10    17.90
----------------------------------------------------------------------------
1608        385609.8   6090284.5    0.004     246    13.60     4.30    30.40
----------------------------------------------------------------------------
1609        385596.0   6090425.2    0.014      53     1.13     3.00     3.90
----------------------------------------------------------------------------
1610        385730.9   6090771.0    0.002     125     4.64     2.90     6.10
----------------------------------------------------------------------------
1611        385755.7   6090771.3    0.017      72     6.74     3.60     2.90
----------------------------------------------------------------------------
1612        385751.5   6090769.3    0.002      42     3.62     3.50    10.30
----------------------------------------------------------------------------
1613        385769.2   6090781.8    0.007     100     2.70     3.70    10.80
----------------------------------------------------------------------------
1614        385800.4   6090814.3    0.029     100    11.20    12.60    13.90
----------------------------------------------------------------------------
1615        385829.7   6090803.7    0.011     328    49.80    22.90     2.70
----------------------------------------------------------------------------
1616        385751.2   6089942.1    0.731     551     1.58     3.80     9.80
----------------------------------------------------------------------------
1617        385434.9   6089459.7    0.018      48   170.00    13.20    35.80
----------------------------------------------------------------------------
1618        385807.1   6089443.3    0.457      25   130.50    15.40     4.50
----------------------------------------------------------------------------
1619        385589.3   6090311.3    0.001      37     1.53     0.90    53.40
----------------------------------------------------------------------------
1620        385593.5   6090322.0    0.003     159     0.47     1.60    61.80
----------------------------------------------------------------------------
1621        385588.1   6090329.2    0.003    3750     2.52     5.10    34.80
----------------------------------------------------------------------------
1622        385581.6   6090330.1    0.007     521     2.71     4.30    21.50
----------------------------------------------------------------------------
1623        385591.8   6090350.8    0.012      67     4.35     7.70     7.10
----------------------------------------------------------------------------
1624        385606.4   6090395.3    0.028      36     0.76     5.00     5.30
----------------------------------------------------------------------------
1625        385613.7   6090423.8    0.013     160    22.80     3.10     1.60
----------------------------------------------------------------------------
1626        385252.8   6088915.2    0.003      57     0.24     5.80    17.70
----------------------------------------------------------------------------
1627        385326.0   6088949.6    0.020       7     3.45     3.10     2.20
----------------------------------------------------------------------------
1628        385823.8   6089435.7    0.003       4     0.95     1.10    38.00
----------------------------------------------------------------------------
1630        384017.5   6090051.6    0.021      44     6.60    11.10     1.20
----------------------------------------------------------------------------
1631        384027.0   6089970.5    0.006     112     7.32     2.00     4.30
----------------------------------------------------------------------------
1632        385671.2   6090280.8    0.001      14     0.31     1.70    14.90
----------------------------------------------------------------------------
1633        385643.4   6090252.4    0.001      37     5.44     0.90    11.30
----------------------------------------------------------------------------
1634        385642.0   6090133.4    0.002      42     3.08     1.80    15.70
----------------------------------------------------------------------------
1635        385593.6   6090170.8    0.007       4     0.56     0.90     3.10
----------------------------------------------------------------------------
1636        385664.3   6090861.4    0.001      70     6.48     3.20    16.90
----------------------------------------------------------------------------
1637        385570.9   6090170.0    0.040       9     2.71    34.90     4.80
----------------------------------------------------------------------------
1638        385019.9   6089097.3    0.001       3     0.22     1.00    10.70
----------------------------------------------------------------------------
1639        385368.2   6088876.2    0.016    8590     0.35     2.70    29.80
----------------------------------------------------------------------------
1640        385323.4   6088939.4    0.011    5160     0.24     2.50    24.20
----------------------------------------------------------------------------
1643        388210.5   6090180.6    0.015     119     5.68     6.70    12.90
----------------------------------------------------------------------------
1644        388178.6   6090170.2    0.066      12     9.00    16.60     4.40
----------------------------------------------------------------------------
1645        388145.2   6090155.2    0.005      46     1.77     3.30    41.00
----------------------------------------------------------------------------
1646        388144.3   6090127.4    0.003    1835     0.25     1.50    47.10
----------------------------------------------------------------------------
1647        388141.0   6090173.1    0.005      67     1.09     5.60    38.70
----------------------------------------------------------------------------
1648        388132.5   6090179.8    0.009     123     6.51     5.80    14.30
----------------------------------------------------------------------------
1649        385031.4   6090343.6    0.006      98     1.74     0.90    12.40
----------------------------------------------------------------------------
1650        385530.7   6090148.7    0.034       8     1.07     7.60     1.90
----------------------------------------------------------------------------
1651        385603.9   6090303.7    0.001      46     1.51     1.30    32.10
----------------------------------------------------------------------------
1652        385614.3   6090296.4    0.004      44     1.76     0.70     6.80
----------------------------------------------------------------------------
1653        385621.1   6090287.9    0.009      32     1.74     5.50    10.90
----------------------------------------------------------------------------
1654        385613.6   6090301.7    0.015      53     1.22     1.40    23.30
----------------------------------------------------------------------------
1655        385567.8   6090306.7    0.004      32     1.60     1.70    30.40
----------------------------------------------------------------------------
1656        385567.4   6090314.5    0.002      53     0.96     1.30    50.30
----------------------------------------------------------------------------
1657        385642.9   6090466.0    0.009     143     9.29     2.40     1.40
----------------------------------------------------------------------------
1658        385655.6   6090476.9    0.035     281    21.20     5.80     3.20
----------------------------------------------------------------------------
1659        385588.2   6090412.3    0.011     952     0.62     2.80    34.40
----------------------------------------------------------------------------
1660        385573.6   6090382.8    0.065    3260     0.33     0.90    38.20
----------------------------------------------------------------------------
1661        385366.3   6088987.4    0.012      13     0.16     4.10    13.30
----------------------------------------------------------------------------
1662        385378.1   6088991.3    0.028     166     0.48     3.10     5.70
----------------------------------------------------------------------------
1663        385415.8   6088972.2    0.008      63     1.94     1.90     5.30
----------------------------------------------------------------------------
1664        385412.7   6088990.4    0.002     227     0.20     2.40     6.00
----------------------------------------------------------------------------
1665        385424.0   6088996.4    0.061      33     1.72     3.10     2.60
----------------------------------------------------------------------------
1666        385406.7   6088976.5    0.023      41     2.89     2.10     2.60
----------------------------------------------------------------------------
1667        387622.8   6090007.8    0.004      41     2.11     3.00    26.50
----------------------------------------------------------------------------
1668        387255.3   6090872.1    0.002      32     0.74     4.10    84.60
----------------------------------------------------------------------------
1669        384966.4   6090266.0    0.001      28     0.91     2.80    18.60
----------------------------------------------------------------------------
1671        388208.6   6090162.1    0.158      98     1.86     3.30    26.80
----------------------------------------------------------------------------
1672        388186.9   6090156.6    0.010     240     2.79     8.60    41.10
----------------------------------------------------------------------------
1673        388114.1   6090143.7    0.003      24     3.02     5.50    24.40
----------------------------------------------------------------------------
1674        388148.9   6090165.4    0.008      73     1.88     6.70    40.40
----------------------------------------------------------------------------
1675        388050.5   6090095.4    0.009      61     3.25     3.30    14.50
----------------------------------------------------------------------------
1676        388081.3   6090170.5    0.010      77     1.28    19.30    18.10
----------------------------------------------------------------------------
1677        384970.7   6090264.9    0.001      76     3.04    17.50    24.70
----------------------------------------------------------------------------
1678        385055.4   6090340.0    0.002      49     7.70     2.00     5.20
----------------------------------------------------------------------------
1679        385132.5   6090341.9    0.079      35     6.52     1.50    17.80
----------------------------------------------------------------------------
1680        385143.2   6090356.1    0.001      29     3.83     2.20    14.10
----------------------------------------------------------------------------
1681        384854.5   6090323.4    0.001      18     1.14     3.10    11.80
----------------------------------------------------------------------------
1682        384240.6   6090191.6    0.024     139     4.42     2.00     5.50
----------------------------------------------------------------------------
1683        384594.8   6090714.2    0.012      95     1.49     3.50    23.60
----------------------------------------------------------------------------
1687        384285.6   6090629.1    0.021      17     9.50     9.80     3.00
----------------------------------------------------------------------------
1690        385084.6   6090350.9    0.001      31     7.59     2.30    13.00
----------------------------------------------------------------------------
1691        384141.2   6090228.0    0.358      23    12.45   128.00    13.70
----------------------------------------------------------------------------
1692        384938.2   6090729.3    0.002     369    11.95     6.00    10.70
----------------------------------------------------------------------------
1704        387137.3   6090342.6    0.004      20     1.37     4.10    19.50
----------------------------------------------------------------------------
1705        387246.6   6090297.3    0.109     174     2.17    16.50     8.30
----------------------------------------------------------------------------
1706        386676.6   6090543.9    0.302      76   129.00   114.50    14.20
----------------------------------------------------------------------------
1707        386673.4   6090548.9    0.023     359     1.54     4.90    57.80
----------------------------------------------------------------------------
1708        386658.2   6090503.0    0.008      12     3.94     2.20     2.30
----------------------------------------------------------------------------

Table 1.- Sampling results for selected elements from the La Blanca Prospect at Cerro Amarillo.

Contacts:
Meryllion Resources Corporation
Alex Bayer
Chief Legal Officer and Corporate Secretary
604-221-7994
[email protected]

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