September 11, 2009
Merit Mining Corp. to Consolidate its Shares

September 11, 2009 - Vancouver, British Columbia. Merit Mining Corp. (TSX-V:MEM) reports that at the Annual and Special General Meeting of its shareholders held today, the shareholders approved a special resolution to alter the Company's authorized share structure by consolidating all of the issued and outstanding common shares without par value, of which 217,236,456 are issued, on the basis of up to fifty (50) pre-consolidation common shares to one (1) post-consolidation common share. Subsequently, the directors have determined that the proposed consolidation of commons shares will be on the basis on fifty (50) pre-consolidation common shares to one (1) post-consolidation share, subject to TSX Venture Exchange acceptance.

Post-consolidation, on a 50:1 basis, a total of 4,344,729 common shares in the capital would be issued. The Company's name will not be changed in conjunction with the proposed consolidation.

Merit has been in serious financial difficulty since the fall of 2008. The Company's Greenwood Gold Project, which went into commercial production effective June 1, 2008, had not achieved positive cash flow by late November 2008 and the Company was unable to secure additional financing to sustain operations. On December 3, 2008, the Company filed a Notice of Intention to Make a Proposal under the Bankruptcy and Insolvency Act (Canada). In March 2009, the Company made a proposal to its unsecured creditors, which was approved by the unsecured creditors on April 14, 2009 and subsequently approved by the Court effective May 6, 2009.

The Company is continuing to focus on re-structuring its additional debt in the form of secured convertible debentures. In addition, the Company will require new financing to provide working capital to move forward. It is anticipated that the proposed consolidation of shares will provide the Company with increased flexibility to seek additional financing opportunities.

Merit Mining Corp.

Signed "Fred Sveinson"

Fred Sveinson, President & CEO

For further information please contact:

Fred Sveinson at (604) 694-2344