Merriman Capital Announces Sponsorship of Medallion Resources Ltd. on OTCQX

SAN FRANCISCO, Feb. 8, 2011 /PRNewswire/ -- Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc. (Nasdaq: MERR), today announced that it will serve as the Principal American Liaison (PAL) for Medallion Resources Ltd. (TSXV: MDL; OTCQX: MLLOF) as it lists on OTCQX®.  

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Medallion Resources is a junior resource company exploring for large, low-cost "heavy" rare-earth-element (REE) deposits with a clear metallurgical path and cost-effective infrastructure.  The Company announced today that it is now trading on the OTC market's highest tier, OTCQX®.    

OTCQX distinguishes the best companies traded OTC from more than 9,000 securities traded on the OTCBB and Pink Sheets® that are not required to meet any financial standards or undergo a qualitative review.  

Spencer Grimes, Merriman Capital Managing Director, said: "As Medallion and rare earth elements continue to garner investor attention, it's important for the Company to be listed in the United States. By joining the OTCQX today, Medallion Resources is well positioned to this end. We are happy to serve as their PAL."

"We are very pleased to join the impressive and rapidly growing list of international companies whose shares trade on the OTCQX. In keeping with our commitment to increasing recognition for Medallion outside of Canada, our OTCQX listing offers U.S. investors greater trading liquidity with an improved trading platform that is both efficient and transparent," commented Medallion President Donald Lay.

About Merriman Holdings, Inc.

Merriman Holdings, Inc. (Nasdaq: MERR) is a financial services firm focused on fast-growing companies and the institutions that invest in them. The company offers high-quality investment banking, equity research, institutional services and corporate & venture services, and specializes in three growth industry sectors: CleanTech, Consumer, Media & Internet and Technology. For more information, please go to http://www.merrimanco.com/.

About Medallion Resources Ltd

Medallion Resources Ltd. (TSXV: MDL, OTCQX: MLLOF) explores large, low-production-cost, heavy-rare-earth-element (REE) deposits with straightforward metallurgy and cost-effective infrastructure.  Headed by Dr. Bill Bird and supported by a technical team second to none, the company is well-positioned to efficiently evaluate the best prospective REE projects.  REE's are essential for many products and applications including wind turbines, electric and hybrid vehicles, super magnets, and all modern electronics.

About OTCQX

The OTCQX marketplace is the premier tier of the U.S. OTC market.  Investor-focused companies use the quality-controlled OTCQX platform to offer investors transparent trading, superior information, and easy access through their regulated U.S. broker-dealers. The innovative OTCQX platform offers companies and their shareholders a level of marketplace services formerly available only on a U.S. stock exchange.  For more information and to view a full list of OTCQX companies, visit www.otcqx.com.

Note to Investors

This press release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of the Company. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K/A filed on April 30, 2010. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise. The Form 10-K/A filed on April 30, 2010 and the Form 10-Q filed on November 15, 2010, together with this press release and the financial information contained herein, are available on our website, www.mcfco.com. Please click on "Investor Relations."

SOURCE Merriman Holdings, Inc.

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