Mr. Dawson Brisco reports

MORIEN ANNOUNCES ADVANCEMENT OF THE LAZY HEAD AGGREGATE PROJECT IN NOVA SCOTIA

Morien Resources Corp. has identified and advanced the Lazy Head Aggregate project in the Municipality District of Guysborough (the MODG), Nova Scotia -- the first project to emerge from Morien's strategic partnership with Carver Companies LLC, a private United States-based producer and distributor of construction aggregates.

Lazy Head contemplates the development of a high-quality aggregate quarry and associated marine terminal along Chedabucto Bay in the MODG, designed to serve the U.S. East Coast aggregate market. The project marks a significant milestone in the Carver-Morien strategic partnership, initiated in 2024 to identify, permit and develop long-life, export-oriented aggregate opportunities in Atlantic Canada, leveraging on Morien's regional expertise and long-standing relationships in the region.

The project is expected to create approximately 75 high-paying local jobs and support long-term, sustainable operations over multiple generations, while contributing sustained economic benefits to the surrounding communities. Morien and Carver are establishing a suite of community benefit-sharing frameworks to ensure that the economic and social value of the project is shared broadly across the immediate MODG region.

Permitting efforts are being led by GHD Group, focused on securing the required approvals for the project, with rightsholder and community engagement supported by Strum Consulting. Current field programs include environmental baseline studies, marine and terrestrial surveys, and continuing engagement with rightsholders, fisheries groups, local businesses and all levels of government. Recent outreach has included a well-attended community open house and direct, door-to-door meetings with nearby residents.

As additional studies are completed to support Lazy Head's resource potential, environmental stewardship and socioeconomic contribution, results will be released publicly. Notably, Carver has committed to adapting advanced noise and dust control systems at Lazy Head, incorporating warehouse-style enclosures and acoustic treatment technology to minimize dust, noise and light emissions from operations.

Under the terms of the partnership agreement, Morien will receive a milestone payment upon successful permitting of the project and an industry-competitive production royalty on future aggregate sales. All of Morien's time and expenses associated with advancing Lazy Head are being reimbursed by Carver, consistent with Morien's capital-efficient, partner-driven business model focused on building a diversified royalty portfolio.

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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