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Meritus Prepares To Drill Untested Targets At Gutain Davaa, Mongolia

August 31, 2011

Vancouver, B.C.: MeritusMinerals Ltd. (MML) (TSX-V – MER) advises that preliminary work on preparing targets for an upcoming diamond drilling program is progressing well. The program will start by testing several of the undrilled gold targets on the Gutain Davaa project that were identified by the previous owner, Troy Resources.

1.      Toordogiin Hyar

Troy Resources located five very high grade float samples in this area that assayed 542, 417, 402, 334 and 142 g Au/t. These results have been previously reported.

The Toordogiin Hyar area is steep and scree covered with very little rock outcropping at surface. Meritus has completed further prospecting and geological mapping and has carried out additional float sampling. Some lines of closely spaced soil sampling have also been run and a road has been constructed to provide access for a drilling program.

During the course of this work additional very high grade float samples were located, (416, 231, 125.7, 115.9, 48.26, 6.73, 6.66g Au/t).  

Examination of the samples suggests that mineralization is identical to the mineralization at Toordogiin Shil some two kilometers to the east.

Anomalous gold values in the area are considered to be those that assay 0.05g Au/t and above. Anomalous float has now been found in a band that has been traced for about 600 metres. An unusual feature of the anomalous samples is the high percentage of very high grade samples. A total of 24 anomalous samples have been assayed, 12 (50%) range from 0.05g Au/t to 5.00g Au/t. The other 12 are between 5.0g Au/t and 542g Au/t with seven of them (29%) exceeding 100g Au/t.

2.      East Prospect

Two shallow reverse circulation holes were drilled on this prospect by Troy Resources.

Meritus carried out geological mapping, prospecting rock chip sampling and tightened up and extended the soil sampling grid. During this work a high grade float sample that assayed 23g Au/t was located. This assay is considerably higher than assays from previous samples which ran between 0.5 and 3.69g Au/t.

Once assays are received from the soil sampling program targets will be selected for additional drilling.

3.      Fluorite Prospect

The area of interest is a flat plateau like area bounded to the north by a low ridge of hornfelsed meta-sediments. On one end of the ridge there exists a well developed hydrothermal breccia. Petrological examination of this breccia indicates that it is a high level multiphase hydrothermal breccia of low surphidation epithermal style that post dates peak metamorphism in the area. Associated with the breccia are large quartz, fluorite veins with pseudomorphs of blade shaped calcite crystals.

Float samples have only returned weakly anomalous gold, but the possibility of significant gold occurring at deeper levels in the system needs to be tested by drilling. The plateau area is somewhat swampy with no outcrop showing and very little float. Previous wide spaced soil sampling in the area has returned anomalous arsenic values.

4.      Baits Uul

At Baits Uul, where two high value gold samples (121ppb, 115ppb) were located in a previous soil sampling program, further prospecting and closer spaced soil sampling has been completed.

Rock float of highly altered and brecciated quartz veined granitic rock and slate with anomalous gold values up to 0.13g Au/t, have been located. The soil sampling results outline a well defined gold anomaly. The prospect area covers a highly altered brecciated contact zone between a slate and a fine grained altered granitic rock. It overlies the major Baits Uul Thrust Fault.

Some drilling is warranted to test this target.

5.      Naimt and Uzuur

Geological mapping, prospecting, rock chip sampling and soil sampling is proceeding in these two areas where previous work located gold mineralization. At Naimt grab samples from quartz veins returned up to 2.18g Au/t, while at Uzuur a peak value of 1.83g Au/t was sampled in a trench. It is anticipated that this work will lead to the definition of further drill targets.

6.      Toordogiin Shil

A major study of the petrology and mineralogy of the mineralized zone at Toordogiin Shil involving some 70 samples of drill core is underway. The purpose of the study is to define any particular phase of alteration that may be related to the mineralization, to define the genesis of the mineralization and to potentially guide additional exploration of the area.

Geological mapping and rock chip sampling has been completed along all new access tracks built during the winter drilling program.

During this work a previously unrecognized quartz vein containing fine disseminated gold was located. This vein has not been intersected by any of the drilling carried out.

Assays from this work are not yet available. Once all assays are received and targets are defined Meritus intends to carry out an initial 2,000m diamond drilling program to test the new prospects. This program will be followed by additional drilling at Toordogiin Shil to expand the existing gold resources.

Note.Readers should be aware grade and float samples are selective by nature and will not necessarily represent the average grade of mineralization at these targets.

For the purpose of this release the qualified person is Terence E. Bates, MSc (Geol), the Company’s Chief Executive Officer and President. All technical information in this release has been reviewed or compiled by Mr. Bates. Mr. Bates is a Fellow of the Australian Institute of Mining and Metallurgy, and is a qualified person as defined by NI 43-101.

Meritus Minerals Ltd (C.MER) is a mineral exploration company committed to building shareholder value through the acquisition of base and precious metal properties.  For additional information, contact Richard Schnoor at 604 618-9327.

On Behalf of the Board of Directors

Meritus Minerals Ltd.

Terence E. Bates - CEO and President

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further Information please visit our website at: www.meritusminerals.com        

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