Meridian Gold responds to revised unsolicited tender offer



    RENO, NV, Aug. 14 /CNW/ - Meridian Gold Inc. ("Meridian Gold" or the
"Company") (TSX:MNG) (NYSE:  MDG) announced today, in response to the revised
unsolicited tender offer by Yamana Gold Inc. ("Yamana") to acquire all of the
outstanding common shares of Meridian Gold on the basis of 2.235 Yamana common
shares and Cdn$4.00 in cash for each common share of Meridian Gold, that the
Company's Board of Directors will carefully review and consider the revised
offer and will issue an update of its Directors' Circular and its related
Solicitation/Recommendation Statement on Schedule 14D-9 in due course. In the
meantime, Meridian Gold urges its shareholders to defer making any decision
with respect to the revised Yamana offer until they have had the opportunity
to review the updated Directors' Circular and the related amendment to its
Solicitation/Recommendation Statement.
    BMO Capital Markets and Goldman, Sachs & Co. are acting as financial
advisors to the Company. Canadian legal counsel to the Company is Fraser
Milner Casgrain LLP and U.S. legal counsel is Skadden, Arps, Slate, Meagher &
Flom LLP.

    About Meridian Gold

    A unique mid-tier gold producer, with world-class mining operations in
Chile and Nevada and a pipeline of promising exploration projects throughout
the Americas, Meridian Gold's success to date has been based on grassroots
gold discoveries and a low-cost strategy, resulting in a better approach to
adding value and balancing growth. Meridian Gold strives to be "The Premier
Value Gold Mining Company," while building a better future for all of its
stakeholders.

    Meridian Gold's Board will issue a Notice of Change to its Directors'
Circular and amend its Solicitation/Recommendation Statement on Schedule 14D-9
in response to the revised Yamana offer. Each of these revised documents will
contain important information, including the Board's recommendation to
Meridian Gold shareholders with respect to the revised Yamana offer.
Shareholders of Meridian Gold and other interested parties are advised to read
Meridian Gold's Directors' Circular, the Notice of Change to Directors'
Circular (when it becomes available) and the Solicitation/Recommendation
Statement on Schedule 14D-9 filed by Meridian Gold with the SEC on July 31,
2007 (and any amendments (including the forthcoming amendment) or supplements
thereto and the other documents filed as exhibits thereto), because they
contain important information. Shareholders and other interested parties may
obtain a free copy of the Directors' Circular, the Notice of Change to
Directors' Circular (when it becomes available) and Meridian Gold's Schedule
14D-9 at the Investor Relations section of Meridian Gold's website at
www.meridiangold.com, or by contacting Georgeson Shareholder, the information
agent retained by Meridian Gold, at 1-888-605-7618. Free copies of Meridian
Gold's Directors' Circular and the Notice of Change to Directors' Circular
(when it becomes available) may also be obtained at www.sedar.com and,
together with Meridian Gold's Schedule 14D-9, at www.sec.gov. The Directors'
Circular was filed, and the Notice of Change to Directors' Circular will be
filed, by Meridian Gold as an exhibit to its Schedule 14D-9.





For further information:

For further information: Meridian Gold Inc., Investor Relations: Krista
Muhr, Senior Manager, (800) 572-4519, fax: (775) 850-3733,
krista.muhr@meridiangold.com or Georgeson Shareholder, (888) 605-7618 or (212)
440-9800; Media Relations: Sard Verbinnen & Co., Dan Gagnier, (212) 687-8080,
ext. 226 or Paul Kranhold, (415) 618-8750; Meridian Gold Inc., 9670 Gateway
Drive, Suite 200, Reno, Nevada, 89521, Phone: (775) 850-3777, Fax: (775)
850-3733

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MERIDIAN GOLD

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