8c placement to china- drilling set to start!!

Lennard Shelf Zinc-Lead Project

◆ Meridian reaches agreement on A$10.5M Placement to
state owned Chinese Resources Company- Issue price of A$0.08 per share

◆ Initial resource base of 41Mt @ 7.9% Zn & 3.2% Pb

◆ In Ground value of $2.008B at prices as of 25th May 2009

◆ 2-3 rigs will commence a 20,000m drilling campaign shortly

◆ Initial drilling program will concentrate on infill drilling

◆ Abundant news flow from feasibility study and two year drill program

JB