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Meritus Intersects 12.00 Metres Of 7.53g Au/Tonne At Gutain Davaa






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Meritus Intersects 12.00 Metres Of 7.53g Au/Tonne At Gutain Davaa

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November 17th, 2010

Vancouver, B.C.: Meritus Minerals Ltd. (MML) (TSX-V - MER) has received analytical results from an additional eleven holes from its diamond drilling program on the Toordogiin Shil Prospect, Gutain Davaa Project in northern Mongolia.

Highlights from the eleven drill holes include:

TSD013 with 12.00m of 7.53gAu/t including 4.40m of 18.50g Au/t; TSD021 with 13.80m of 3.67g Au/t; TSD017 with 10.00m of 1.77g Au/t, and TSD020 with 6.55m of 3.55g Au/t. TSD020 ended in mineralization

These four holes were drilled into the footwall zone of the fault referred to in our previous news release of November 5th, 2010, now referred to as the Saddle Fault. Mineralization was intersected approximately as expected, and, as predicted, the mineralized zone dips in an easterly direction.

The drilling has confirmed the presence of faulting in the area in addition to the Saddle Fault. Displacement of the mineralized zone by these faults has led to some holes missing the target zone. However most of the holes which missed the main mineralization have intersected other geochemically gold anomalous zones, or narrow low grade mineralized zones that present additional targets.

TSD019, drilled south of the Saddle Fault on the eastern side of the main mineralized zone, intersected four close spaced narrow zones of mineralization, one of which assayed 7.21g Au/t over a core length of 1.4 meters. These mineralized zones do not appear to have been reached by holes TSD001 to TSD010 and may indicate the development of a new target zone.

Intersection widths are drill intersection widths and do not necessarily represent true widths. Marginal cut off grade for the main mineralized zones is 0.50g Au/t.

The weighted average grade for the intersections reported includes all internal waste.

GOLD ASSAYS FROM DIAMOND DRILLING

TOORDOGIIN SHIL PROSPECT GUTAIN DAVAA

Hole Number UTM GRID Azimuth Angle From To Width Au g/tonne East North (m) (m) (m) TSD013 320 158 065 -45 55.00 67.00 12.00 7.53 including 62.60 67.00 4.40 18.50 which includes 64.60 65.90 1.30 54.87 TSD014 339 169 245 -60 30.00 32.00 2.00 0.54 TSD017 337 188 245 -45 92.00 102.00 10.00 1.77 including 92.00 95.25 3.25 3.60 and 100.00 102.00 2.00 2.92 TSD018 337 189 245 -60 84.90 89.00 4.10 0.32 TSD019 406 044 245 -50 13.00 14.00 1.00 1.74 17.00 18.00 1.00 1.11 23.00 24.00 1.00 0.45 38.60 40.00 1.40 7.21 TSD020 266 151 245 -50 36.00 38.00 2.00 0.68 40.00 43.00 3.00 0.58 51.00 57.45 6.45 0.30 57.45 64.00 6.55 3.55 including 57.45 58.00 0.55 17.62 Note. Hole ends in mineralization TSD021 309 216 245 -50 87.20 101.00 13.80 3.67 TSD023 308 216 245 -63 115.20 117.10 1.90 10.50 TSD024 225 227 245 -45 22.60 27.00 4.40 2.42



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