Merriman Capital Announces Sponsorship of Nemaska Exploration on OTCQX

SAN FRANCISCO, June 28, 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 Nemaska Exploration Inc. (TSXV: NMX; OTCQX: NMKEF) as it begins trading on OTCQX®.  

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Nemaska Exploration is a mineral exploration company involved in the James Bay region of Quebec. The Company announced today that it is now trading on the OTC market's highest tier, OTCQX.    

OTCQX distinguishes the best companies traded over-the-counter (OTC) from more than 9,000 securities traded on the OTCBB and OTC Link that are not required to meet any financial standards or undergo a qualitative review.

Spencer Grimes, Merriman Capital Managing Director, said: "Lithium's important applications in rechargeable batteries make it a key element in increasing the viability of clean technologies.  After the successful IPO of its non-lithium properties, Nemaska Exploration's President and CEO, Guy Bourassa, now has the Company focused on developing its Whabouchi lithium project.  We are proud to partner with Nemaska Exploration in increasing its exposure to U.S. investors, and being quoted on the OTCQX is a great first step."

Guy Bourassa, President and CEO of Nemaska Exploration, commented: "Our decision to trade on the OTCQX was an important step in expanding our exposure to North American investors.  Our focus remains firmly on bringing our lithium project into production in the near term, while realizing value for our shareholders."

About Merriman Capital, Inc.

Merriman Capital, Inc. is a full-service investment banking firm that provides investment banking, sales and trading, and equity research services to corporate and institutional clients and high net worth investors. Merriman Capital, Inc. is a wholly owned subsidiary of Merriman Holdings, Inc., which is listed on the NASDAQ Stock Market and trades under the symbol "MERR."

Merriman specializes in four growth sector industries: Technology, Telecom, Consumer, Media & Internet and CleanTech Infrastructure. For more information, please go to http://www.merrimanco.com/.

Merriman Capital, Inc. is a registered broker-dealer and member of The Financial Industry Regulatory Authority (FINRA) http://www.finra.org and the Securities Investor Protection Corporation (SIPC) http://www.sipc.org/contact.cfm.

About Nemaska Exploration Inc.

Nemaska Exploration Inc. (TSX.V: NMX; OTCQX: NMKEF) is an exploration and development company with lithium/beryllium properties located in the James Bay region of Quebec.  Nemaska Exploration is focused on the development of its 100% owned Whabouchi lithium deposit, for which a preliminary economic assessment was filed on January 19, 2011.  The Whabouchi deposit is easily accessible year round by either the Route du Nord from Chibougamau (280 km) or the Route de la Baie James from Matagami (380 km) and is located near the Cree community of Nemaska and the Nemiscau airport.  Nemaska Exploration recently completed an initial public offering of its subsidiary Monarques Resources Inc. and is Monarques's largest shareholder.  Upon completion of this successful IPO, Monarques now holds 100% of the Lac Levac (about 9,200 hectares), Lac Arques (about 39,470 hectares), and Lac des Montagnes (about 12,740 hectares) properties.  These properties are contiguous and cover about 85 km of the Lac des Montagnes polymetallic greenstone belt formation.

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 28, 2011. 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 28, 2011, together with this press release and the financial information contained herein, are available on our website, www.merrimanco.com. Please click on "Investor Relations."

SOURCE Merriman Holdings, Inc.