Mr. Pierre-Olivier Goulet reports

MOROCCO STRATEGIC CLOSES PRIVATE PLACEMENT FOR A TOTAL AMOUNT OF $7.5 MILLIONS

Morocco Strategic Minerals Corp. has closed its previously announced non-brokered private placement, raising total gross proceeds of $7,516,935 through the issuance of 50,112,900 units of the corporation at a price of 15 cents per unit.

Each unit consists of: (i) one common share in the capital of the corporation; and (ii) one-half of one common share purchase warrant. Each warrant entitles its holder to acquire one additional common share at a price of 25 cents per warrant share until May 4, 2028.

All securities issued in connection with the private placement are subject to a statutory hold period ending on Sept. 5, 2026. The private placement remains subject to final approval from the TSX Venture Exchange.

In connection with the completion of the private placement, the corporation paid finders' fees in an aggregate amount of $234,312.74 and issue a total of 1,292,584 warrants to arm's-length third parties in consideration for their services under the private placement.

The corporation intends to use the net proceeds from the private placement to finance the acquisition and development of mining assets in Morocco and for the corporation's general and corporate working capital purposes.

Insiders have participated in the private placement and were issued a total of 1,243,332 units for total gross proceeds of $186,500. Such participation in the private placement is considered a related party transaction as defined in Regulation 61-101, Protection of Minority Security Holders in Special Transactions. Morocco Strategic Minerals relied on the exemptions from the formal valuation and minority shareholder approval requirements of Regulation 61-101 contained in sections 5.5(a) and 5.7(1)(a) of Regulation 61-101 as neither the fair market value of the securities issued to insiders nor the consideration for such securities by insiders exceed 25 per cent of Morocco Strategic Minerals' market capitalization. Morocco Strategic Minerals did not file a material change report in respect of the transaction at least 21 days before the anticipated closing of the private placement as details of such transaction were unknown at such time.

About Morocco Strategic Minerals Corp.

Morocco Strategic Minerals is a Canadian mineral exploration company focused on the acquisition, exploration and, if warranted, development of natural resource properties of merit in Canada and Morocco.

We seek Safe Harbor.