Mr. Dawson Brisco reports

MORIEN ANNOUNCES RESULTS OF ANNUAL AND SPECIAL MEETING

Morien Resources Corp.'s shareholders voted in favour of all items of business brought before them at the company's annual and special meeting of shareholders (AGM) held in Halifax on May 14, 2025.

Election of directors

The number of directors was set by the board at four, with John Budreski, Dawson Brisco, Mary Ritchie and Beau White re-elected to the company's board for the ensuing year.

Following the AGM, the board confirmed the appointment of Morien's executive officers, namely: executive chairman -- Mr. Budreski; president and chief executive officer -- Mr. Brisco; chief financial officer -- Susanne Willett; and corporate secretary -- Suzan Frazer.

Appointment of auditor

MNP LLP was reappointed as the company's auditor to hold office until the next annual meeting of shareholders or until its successor is duly appointed, at a remuneration to be fixed by the board.

Approval of stock option plan

The shareholders also reapproved the company's 10-per-cent rolling incentive stock option plan in accordance with the rules and policies of the TSX Venture Exchange.

Continuance of shareholder rights plan

Shareholders approved the reconfirmation and continuance of the company's shareholder rights plan, originally approved by shareholders in 2019. Under the terms of the rights plan, shareholders must affirm the rights plan every three years. The purpose of the rights plan is to provide the board and shareholders with sufficient time to properly consider any future takeover bids made for the company. The rights plan will mitigate undue pressure on the board and shareholders, allow time for competing bids and alternative proposals to emerge, and ensure that all shareholders will be treated fairly and equally in any potential takeover bid made for the company. The rights plan was not adopted or reconfirmed in response to any proposal to acquire control of the company.

About Morien Resources Corp.

Morien is a Nova Scotia-based mining development company created in 2012 to be a vehicle of direct prosperity for Nova Scotians, its largest shareholder group. Led by Nova Scotians, Morien's primary assets are a royalty on the sale of coal from the Donkin mine in Cape Breton, N.S., and a royalty on the sale of aggregate from the permitted Black Point project in Guysborough county, Nova Scotia. 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 53,992,000.

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