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Meridian Energy Group Selects Brookline Capital Markets as Financial Advisor and Placement Agent for Davis Refinery Project Financing

/ -- Meridian Energy Group, Inc. today announced that the Company has finalized a Placement Agency Agreement with Brookline Capital Markets, LLC ("Brookline") under which Brookline will be the exclusive placement agent and principal financial advisor to Meridian in connection with the project financing of Meridian's Davis Refinery in Belfield, North Dakota (the "PAA").

The Davis Refinery is a 55,000 barrel per day ("bpd") nominal capacity full-conversion facility that will be built near the community of Belfield in Billings County, North Dakota. Davis will be installed in several stages, involving successive capital infusions totaling several hundreds of millions of dollars. The first stage of the project financing for Davis will be placed by Brookline later this year for the initial 27,500 bpd hydroskimming stage of Davis (called "Davis Light"), which is expected to start construction in early 2017.

The Davis Refinery, which received its rezoning and conditional use permit from Billings County in early July, is currently in detailed engineering, and will begin construction as soon as the air quality permit to construct is received from the State of North Dakota's Department of Health after the first of the year. The project has been funded to-date through the proceeds from the Company's current offering of common stock, which is expected to be fully subscribed by the end of September 2016.

Meridian CEO William C. Prentice said, "Meridian interviewed a number of investment bankers, including major Wall Street firms, before selecting Brookline based on their strong command of the institutional market. Despite being a relatively new firm, Brookline distinguished itself in the expertise of its professional staff, its ability to immediately grasp the unique opportunities facing Meridian, and the innovative approach that Brookline will take in ensuring that the Davis Refinery is capitalized in a timely and cost effective manner."

"Brookline Capital Markets is proud to be representing Meridian Energy Group in its fund raising activities, with respect to the Davis Refinery," added Patrick Sturgeon, Managing Director of Brookline Capital Markets. "Meridian has assembled a world-class management team with many years of experience, and has already accomplished many of the key milestones to move the project forward quickly. We believe that the Davis Refinery will be a trailblazing facility in the region in terms of efficiency, production capability, product slate flexibility and minimal environmental impact."

Chad Hope, Meridian's Chief Financial Officer, had this to say, "Since joining Meridian in June, I have seen the Company continue to align itself with not only the most prominent, but the most accomplished partners in their respective industries. Our recent partnership with Brookline Capital is no different. Brookline has made an immediate and substantial impact in assisting the Company with both its capital and financing needs."

About Brookline
Brookline Capital Markets, LLC is a leader in growth finance. We provide advisory and investment banking services to emerging growth companies. We have a strong track record of structuring financings for both private and emerging public companies. Brookline also participates in IPO and Follow-On offerings, providing underwriters with high quality demand across multiple sectors. In addition, Brookline provides liquidity to employees and other holders of high profile private companies. Our strength in delivering results for our sophisticated investor base, including many family offices, helps us serve as a "bridge" to accelerate growth for our client companies. Brookline is a division of CIM Securities, LLC and falls under the broader Choice Investment Management umbrella. Choice is a registered asset manager based in Denver, CO with ~$600 million in managed assets and specialized investment funds.

About Meridian
The Mission of Meridian Energy Group, Inc. is to provide long-term shareholder value through the development and operation of the cleanest, most efficient and environmentally compliant crude oil refineries in the world, benefiting the community and its investors. Established in 2013, Meridian is led by energy industry experts with a combined 500 years of world-class expertise in energy & hydrocarbon processing, project development, finance, and large capital project management. Meridian Energy Group, Inc. current headquarters is located in Belfield, ND.

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