Mr. Dawson Brisco reports

MORIEN PROVIDES UPDATE ON THE DONKIN MINE

Morien Resources Corp. has provided an update on the Donkin coal mine in Nova Scotia, owned and operated by Kameron Collieries LLC, upon which Morien has a 2-per-cent to 4-per-cent royalty interest.

On July 15, 2023, the Nova Scotia Department of Labour, Skills and Immigration (DOL), the province's regulator for the mine, issued a stop work order (SWO) at Donkin in response to a roof fall.

The fall occurred in one of Donkin's two access tunnels. The access tunnels were installed at Donkin in the late 1980s by Devco, a former federal Crown corporation.

In keeping with Kameron's safety protocols, it made a pro-active decision to implement a comprehensive remediation program, which included extensive roof bolting over the full length of the 3.5-kilometre-long access tunnel in order to safeguard against future falls. That program commenced on July 19, 2023, and ended on July 27, 2023.

While roof falls are not uncommon in underground mines and while no Kameron workers were injured, nor was any equipment damaged during the fall, the SWO nonetheless remains in place, approximately one month after the fall was reported and over two weeks after the tunnel was refurbished and bolted.

SWOs are meant to be temporary in duration. However, the duration of the current SWO has prompted Morien to issue today's news release. The timing for the release of the SWO is unknown as it depends on the DOL's ability to timely assess the situation and suggest what corrective measures, if any, are required going forward.

Morien will provide more information as it becomes available.

About Morien Resources Corp.

Morien is a Canada-based mining development company that holds royalty interests in two tidewater-accessed projects. The Donkin coal mine recommenced production during the third quarter of 2022 and royalties to Morien have commenced. The Black Point aggregate project is permitted, and, although production has not begun, Morien is receiving advanced minimum royalty payments on a quarterly basis. Morien's management team exercises ruthless discipline in managing both the assets and liabilities of the company. The company's management and its board of directors consider shareholder returns to be paramount over corporate size, number or scale of assets, and industry recognition. The company has 51,292,000 issued and outstanding common shares and a fully diluted position of 54,192,000 after taking into consideration the newly issued share options.

We seek Safe Harbor.