Merriman Capital Announces Sponsorship of Olympus Pacific Minerals on OTCQX

SAN FRANCISCO, Oct. 31, 2011/PRNewswire/ --Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc.

, today announced that it will serve as the Principal American Liaison (PAL) for Olympus Pacific Minerals Inc.

as it begins trading on OTCQX(R).

(Logo: http://photos.prnewswire.com/prnh/20100914/SF64919LOGO)

Olympus Pacific Minerals is a diversified gold company focused on four advanced properties: the Bau Goldfield in East Malaysia, the Bong Mieu and Phuoc Son mines in Central Vietnam, and Capcapo in the Philippines. 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, Head of Capital Markets Services at Merriman Capital, added: 'With the tremendous blue sky potential of its Bau Goldfield project in East Malaysia, as well as its currently producing mines in Vietnam, Olympus Pacific Minerals is poised to become one of the leading gold producers in Southeast Asia. Joining OTCQX today is a great step toward increasing the Company's profile in the United States. We are excited about working with the Olympus team in helping to raise awareness of the Company among U.S. investors.'

About Merriman Capital, Inc.

Merriman Capital, Inc. is an investment banking firm providing equity and options execution services, market making, and differentiated research for high growth companies. We also provide capital raising, advisory and M&A services. Merriman Capital, Inc. is a wholly owned subsidiary of Merriman Holdings, Inc.

and is the leading investment banking firm for OTCQX companies. 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).

About Olympus Pacific Minerals Inc.

Olympus Pacific Minerals Inc.

is a diversified gold company focused on four advanced properties: the Bau Goldfield in East Malaysia, the Bong Mieu and Phuoc Son mines in Central Vietnam, and Capcapo in the Philippines. Olympus expects to expand existing gold production capacity in Vietnam over the next two years and bring on new production at Bau Central upon completion of feasibility studies now underway. The company also contemplates a substantial increase of its attributed gold resources through the exploration of advanced properties having demonstrably large upside potential.

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 and our Form 10-Q filed on August 15, 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 and 10-Q filed on August 15, 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.'

Merriman Holdings, Inc.

CONTACT: Spencer Grimes, Merriman Capital, Inc., 1-415-262-1342, or

Howard Bernstein, Chief Compliance Officer, Merriman Capital, Inc.,

1-415-262-1377

Web site: http://www.mcfco.com/