PP for $9 million Cancelled

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Tel: 604-694-2344

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PP for $9 million Cancelled

posted on Aug 11, 2010 11:05AM

NEWS RELEASE 10-12
Merit Mining Corp. Cancels Non-brokered Private Placement

August 9, 2010 – Vancouver, British Columbia. Merit Mining Corp. (TSX-V: MEM) (the “Company”) reports that it has cancelled the non-brokered private placement of up to $9.0 million, which was previously announced on June 25, 2010. The Company continues to consider various options for advancing its projects following the recent investment of $15.5
million by Hong Kong Huakan Investment Co., Ltd.

Merit Mining Corp.
Signed “Fred Sveinson”
Fred Sveinson, President & CEO

For further information please contact:
Fred Sveinson at (604) 694-2344

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