PRODUCTION, EXPLORATION, OPTIONALITY

1

Some statements in this presentation contain forward-looking information or forward-looking statements for the purposes of applicable securities laws. These statements include,

among others, statements with respect to the Company's plans for exploration and development of the Brazil properties and potential mineralization. These statements address

future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to

be materially different from any future results, performance or achievements expressed or implied by the statements. Such risk factors include, among others, failure to obtain

regulatory approvals, failure to complete anticipated transactions, the timing and success of future exploration and development activities, exploration and development risks, title

matters, inability to obtain any required third party consents, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions,

relationships with strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices and one-time events. In making the forward-

looking statements, the Company has applied several material assumptions including, but not limited to, the assumptions that: (1) the proposed exploration and development of

mineral projects will proceed as planned; (2) market fundamentals will result in sustained metals and minerals prices and (3) any additional financing needed will be available on

reasonable terms. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future

events or otherwise except as otherwise required by applicable securities legislation.

The Company cautions that it has not completed any feasibility studies on any of BMC's mineral properties, and no mineral reserve estimate has been established. Because the

Company production decision is not based upon a feasibility study of mineral reserves, the economic and technical viability of the property has not been established. The potential

quantity and grade of resource targets are conceptual in nature. There has been insufficient exploration to define a primary vein mineral resource and that it is uncertain if further

exploration will result in the target being delineated as a mineral resource.

QUALIFIED PERSON

The technical information about the Company's mining activities has been prepared under the supervision of and verified by Dr. Adrian McArthur (B.Sc. Hons, PhD. FAusIMM), a

consultant to Meridian Mining, who is a "qualified person" within the meaning of National Instrument 43-101.

FORWARD-LOOKING STATEMENTS

2

COMPANY HIGHLIGHTS

Early-stage

opportunity in

metal-rich but

underexplored

region of Brazil

Large land

package with

multi-commodity

exploration

upside

Established CSR program generating widespread community acceptance

Experienced management and technical team with significant regional expertise

Growing pilot production of high-grade manganese with direct sales to local customer base

Multiple catalysts for growth

EMERGING MULTI-COMMODITY MINER

3

+ + +Manganese Gold Tin

Pilot Production

4

140,000 ha land package

Aerial survey:

62 target areas,

5 manganese targets

211 kms of strike identified

Supporting expansion to

50,000+ tonnes production

EXTENSIVE LAND POSITION

Considerable exploration upside

Metal-rich region of

Brazil with long history

of production

MINING-FRIENDLY JURISDICTION

5Significant project de-risking already completed

Access to infrastructure;

maintained roads, fresh

water on site, electricity, road

and river market access.

Favourable royalty

structure

Solid relationships

with regional and

national governments,

local community

Skilled local labour force, compulsory education and technical colleges

MORE THAN STEEL

6

7

SPECIALTY APPLICATIONS FOR PREMIUM GRADE MANGANESE

Key component in alkaline

batteries

Global alkaline battery market

in excess of

US$40 billion

Potential in high capacity/

energy density rechargeable

batteries (Li-ion)

Brazil produces 30% of the

world’s soybean crop

Soybeans require Mn as a

key micronutrient

Food products require high

purity Mn with low heavy

metal content

Trace element required for

proper development

Food products require high

purity Mn with low heavy

metal content

Batteries Emerging Uses Fertilizer Animal Feed+ + + +

New and growing markets

Pigments

Water purification

Welding

~50 million tpa1Specialty Applications for High-Grade Manganese (per cent)Global manganese oxide

consumption

8Early production drives cash flow and further de-risks project

6.8%CAGR by 20202

1.2 million tpaSpecialty applications for 50%+ manganese

63%

BATTERIES EMERGING

USES

FERTILIZER ANIMAL FEED

21% 10% 6%

1 Source: Roskill

2 Source: Manganese: A Global Strategic Business Report, May 2014 – Global Energy Industry Analytics Inc.

MORE THAN STEEL – THE PREMIUM MANGANESE MARKET

9

PREMIUM PRODUCT, PREMIUM PRICE

Company Sales vs CIF China in US$/dmtu

$4.12

$3.03 $3.02 $2.48 $2.43

$3.78 $3.50

$5.67

$5.10

$4.32

$3.62 $3.25

$3.96 $4.33

$-

$1.00

$2.00

$3.00

$4.00

$5.00

$6.00

Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016

Benchmark 44% Mn CIF China Company Sales

10

COMMERCIAL SUCCESS FACTORS IN PLACE

Building strong customer relationships

Established and

growing customer base

for premium product

Early production

(up to 50,000 tpa)

fully committed

Current demand for

high-grade product in

Brazil 100,000 tpa

11

LEADER IN THE PREMIUM MANGANESE GLOBAL MARKET

Premium Grade Market

Batteries, Fertilizer, Pigments, Animal Feed

45% Commercial high grade

Manganese

Grade

BMC

Woodie Woodie

Theoretical production grade limit for pyrolusite manganese

Production

Tonnage (Mt)

Early in the production cycle – long potential premium-grade mine life

GROWING EARLY PRODUCTION

2016 production capacity

of 30,000 tpa

Typical geology for mine sites

Dry screening has increased

production to 1,000t per

week since installation in

Q2 2016

12Early production drives cash flow and further de-risks project

Q1

1,3

82 2

,55

8

Q22

,14

3

5,2

93

Q3

6,9

76

13

,44

5

As Mined and Washed

Average Grade

36.9%Processed

Average Grade

51.9%

BRECCIACOLLUVIUM AND CLAY

ALTERED GRANITE

Growing Manganese

Production (tonnes)

2015

2016

13On track to meet or exceed 2016 sales and production targets

30,000 tonnes2016 production target

50,000 tonnes2016 sales target

Produced + on-hand inventory

2016 MANGANESE PRODUCTION AND SALES TARGETS

26,259 tonnes produced

25,660 tonnes produced 10,507 tonnes committed

88% of target achieved

through October 31, 2016

72% of target achieved

through October 31, 2016

14

NEW PILOT PLANT

Grows capacity to 50,000 tpa

Expected

commissioning

in Q1 2017

Supports mining of

colluvium (surface) and

primary vein material

Multiple catalysts for growth

MULTI-COMMODITY EXPLORATION UPSIDE

15

+ + +Manganese Gold Tin

Mapping

TRENCHING – 14,500 METRES

DRILLING – 341 HOLES/17,000 METRES

Pan concentrate sampling

SAMPLING – 450 SAMPLES

Geochemical work

SOIL SAMPLES – 3,100

• Identified colluvium for early

production

• Targeting vein systems for longer-

term production

• Produce NI 43-101 resource report

• Identified anomalies in drainage

• Enhancing target definition for

future drilling

• Identified anomalies through

stream/soil sampling

16

NEW GOLD PROVINCE

Initial stream sediment

sampling program

450 pan concentrate samples

Extensive drainage anomalies

up to 430 counts

Bedrock targets emerging;

3,100 soil samples;

peak values of 394ppb Au

17

FOLLOW-UP ACTIVITIES

Blocks with quartz-sulphide and

quartz-hematite alteration

observed in catchment areas

Sources areas are poorly

exposed

Trenching, ground geophysics

and drilling to follow

18

GOLD EXPLORATION MAP

19

TIMELINES

Multiple near-term value creating milestones and catalysts for growth

2016 2017 2018

Milestone Q4 Q1 Q2 Q3 Q4 Q1 Q2

Mapping, trenching and drilling to confirm further

manganese mineralization

NI 43-101 Technical Report

Proposed restructuring and business combination

with Ferrometals and Cancana

Soil geochemical and pan concentrate program

to identify gold mineralization

Complete construction of 50,000 tpa pilot plant

Tin exploration program

Complete NI 43-101 compliant Preliminary Economic

Assessment Report

20

MARKET DATA

TSX-V: CNY

$0.40

29,839

$0.13 - $0.52

$33.2 million

82.9 million

19.97%

Ticker

Share Price (Oct 31, 2016)

Avg. daily 3-month volume

52-week range

Market Capitalization

Shares Outstanding

Ownership of BMC

Consolidating 100% ownership of BMC in Meridian

TSX-V: MNO

Trading in

Meridian to

commence

following

completion of

plan of

arrangement

151.1 million

100.00%

Ticker

Share Price

Avg. daily 3-month volume

52-week range

Market Capitalization

Shares Outstanding (pro forma)

Ownership of BMC

Post plan of arrangement

PRINCIPAL PURPOSES OF FUNDS

21

Estimated Budget Expenditure (1) USD

$8,000,000(2)

$5,500,000

($5,250,000)

($1,000,000)(3)

($250,000)

($3,000,000)

($1,250,000)

($1,500,000)

$1,250,000

Expenditure

Available Funds at Closing

Revenue – Manganese Operations

Production Costs – Manganese Operations

Exploration & Evaluation – Phase 1

CSR

Corporate – General & Administration

Brazil – General & Administration

Capital Expenditures

Balance Outstanding

(1) There may be circumstances where, for sound business reasons, a reallocation of funds may be necessary.(2) Composed of US$1,000,000 working capital, post closing costs, and the US$7,000,000 loan facility(3) As recommended in the NI 43-101 BMC Technical Report.

22

MANAGEMENT TEAM

Anthony JulienPresident & Chief Executive

Officer

Anthony has a proven track record as an

entrepreneur focusing on growth and innovation

and has built and sold several companies. As

Meridian’s CEO, he aims to create a diversified

group focused on producing and selling minerals to

a premium high-value market.

Jonathan RichardsChief Financial Officer

Jonathan brings over a decade of resource-

focused accounting and auditing experience to his

role as CFO. He has accumulated extensive

experience with TSX and Venture-listed

companies, as well as numerous private

companies all over the world.

Jason OllivierChief Marketing Officer

Jason has a background in media having held

senior positions in corporate communication and

television. Before joining Meridian, he consulted

for a select group of Australian companies,

developing marketing and sales strategies

targeting local and international markets.

Carlos BragaChief Operating Officer

Carlos has held a number of senior positions in the Brazilian mining and

fertilizer industries, specializing in strategic planning and implementation.

Formerly a senior associate at AT Kearney, he became the VP of

Operations at MBAC Fertilizer in 2009.

Mike BennettGeneral Manager, BMC

Mike has worked as Chief Geologist and Country Manager and in 2008

was responsible for overseeing projects in Brazil and Mexico for ECI. He

has held senior local government appointments in South America and

brings a deep understanding of South American culture.

Adrian McArthurChief Geologist, Qualified

Person

Adrian has over 20 years in exploration, resource delineation and project

generation for industrial minerals, gold and base metals. He leads a

team of 13 geologists in a multi-commodity exploration program which

has identified a number of emerging gold and tin targets. Adrian is the

qualified person for Meridian.

23

BOARD OF DIRECTORS

Barry Bolitho Chairman of the Board

Barry has over 30 years of experience in the

minerals industry and has held a number of

executive management positions in the resource

sector, including board positions with both

producing and exploration-stage companies.

Mr. Anthony JulienCEO, President and Director

Anthony has a proven track record as an

entrepreneur focusing on growth and innovation

and has built and sold several companies. As

Meridian’s CEO, he aims to create a diversified

group focused on producing and selling minerals to

a premium high-value market.

Doug Willock Director

Doug has over 30 years of experience in both

corporate finance and junior mining. He founded

and was CEO of Polar Star Mining, a junior mining

company focused on exploration in Chile.

Peter WeidmannDirector

Peter has over a decade of private equity experience as a fund

investor and in direct co-investments, including several years with

Macquarie Bank. He was recently an Investment Director with BTV

Group in Munich and is currently a Director with The Sentient

Group.

Stephano HaverDirector

Stephano spent eight years at ABN AMRO Bank and ABN AMRO

Capital. In 2007, he coordinated the Private Equity group’s spin-out

into AAC Capital Partners. He is currently responsible for the

Private Equity Business Unit at Orangefield.

Angelina MehtaDirector

Angelina has worked Rio Tinto's subsidiary, Iron Ore Company of

Canada, and has held roles at BMO Financial Group in Toronto,

and Lafarge and CN Railway in Montreal. She is a founding

member of Women in Mining (WIM) Montreal and a member of

CIM.

24

INVESTMENT HIGHLIGHTS

Extensive growth

potential with multi-

commodity exploration

upside (gold, tin)

Highest grade

manganese producer

in Brazil

Growing revenue-

generating, early

stage production

Emerging specialty

markets for

premium-grade

manganese

Multiple near-term

value creating

milestones

Significant project

de-risking already

completed

Established

customer base with

pilot production fully

committed

APPENDIX

25

26

PILOT PLANT FLOW SHEET

27

HIGHEST GRADE MANGANESE* PRODUCER IN BRAZIL

25%

30%

35%

40%

46% 46%

>50%

Va

le 1

MS

M-S

err

a d

a M

oe

da

Min

eirã

o P

ed

raM

oe

da

Va

le 2

Va

le 3

Bu

ritira

ma

BM

C

*High tenor Pyrolusite Cryptomelane manganese oxides

Premium grade Mn

1

2

3