Meritus Minerals Ltd. announced that it has received the results of preliminary metallurgical testing of the primary mineralization from the Toordogiin Shil Prospect at Gutain Davaa. A series of tests including gravity, cyanide leach and flotation was carried out. The initial results indicate that: with fine grinding to 100% passing 150 microns up to 91.6% of gold content was recovered using a 24 hour leach in cyanide solution; from an 80% passing 75 micron grind flotation tests recovered up to 92% of gold content into a concentrate. Recovery from the concentrate was up to 94.3% of gold in the concentrate in 12 hours; and gravity tests results are disappointing due to the fine particle size of the gold. Methodology: The test work was carried out by Vismutin Co. Ltd. in their laboratory in Ulaan Baatar, Mongolia. After grinding and homogenizing the composite sample the following test work was undertaken: Fire assay and multi element analysis by ICP and XRF of two samples (Head Assays 2x 1kg); Mineralogical studies (1 sample 1kg); Bond Impact Crushing Work Index test (8 specimens of core); Bond Ball Mill Work Index Determination (9 samples); Grinding time determination (4 x 1kg samples); Gravity recovery of gold (2 samples X 10kg); Hydrometallurgical tests ­ cyanide leaching (8 x 1kg samples); Batch flotation tests (12 samples x 1kg).

Meritus Minerals Ltd, Annual General Meeting, Nov 26, 2012. Location: 1780, 400 Burrard Street.

Meritus Minerals Ltd filed its Annual on Jul 30, 2012 for the period ending Mar 31, 2012. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.