Mr. Dawson Brisco reports

MORIEN MAIDEN DRILL PROGRAM UNDERWAY AT LAZY HEAD AGGREGATE PROJECT

Morien Resources Corp. has commenced a maiden drill program at the Lazy Head Aggregate project in the municipality district of Guysborough (the MODG), Nova Scotia. The drill program marks the next major milestone in advancing Lazy Head from a greenfield discovery into a technically defined, community-supported, export-oriented aggregate development.

Maiden drill program

The program consists of a series of helicopter-supported core holes designed to evaluate the quality, continuity and volume of the project's granite resource, and to collect representative sample material for a full suite of physical, chemical and durability testing required for permitting and continuing engineering studies.

The program is being executed by an experienced Atlantic Canadian drill contractor under Morien's direct geological supervision. Results from the program will feed directly into quarry design, mine planning and environmental baseline studies.

About the Lazy Head Aggregate project

Lazy Head contemplates the development of a long-life, multigenerational, high-quality construction aggregate quarry and deepwater marine terminal located on Chedabucto Bay in the MODG, an ideal location from which to serve high-growth infrastructure and construction markets along the United States East Coast.

The project is the first to emerge from Morien's strategic partnership with Carver Companies LLC, a private, United States-based operator of quarries, aggregates terminals, tug-and-barge services and stevedoring operations from New York to the Gulf Coast. The partnership formed in 2024 and seeks to identify, permit and develop export-oriented aggregate assets across Atlantic Canada by combining Morien's regional expertise and community relationships with Carver's marine logistics and U.S. market reach.

Lazy Head is expected to create approximately 75 high-paying, local, full-time jobs and provide sustained economic activity over multiple generations. Morien and Carver are jointly developing a suite of life-of-mine community benefit-sharing frameworks to ensure that significant economic value flows directly to the surrounding communities and those with interests in the project area.

Permitting and field programs

Permitting activities are being led by GHD Group, with Strum Consulting supporting rightsholder and community engagement. Current field programs include:

• Environmental baseline studies (marine and terrestrial);
• Engagement with fisheries organizations, MODG leadership, and provincial and federal regulators;
• Fisheries and habitat fieldwork;
• Multibeam bathymetry, geotechnical and engineering surveys;
• Continuing door-to-door outreach with residents, business owners and community groups.

Recent outreach has included a well-attended community open house and direct engagement with nearby residents, with additional sessions planned as studies progress.

Carver has committed to incorporating advanced noise, dust and light-mitigation systems, including warehouse-style enclosures and acoustic treatments, reflecting a modern, low-impact aggregate design philosophy aligned with community expectations.

Morien-Carver partnership

Under the partnership agreement with Carver, Morien will receive:

• A milestone payment upon the successful permitting of Lazy Head;
• An industry-competitive production royalty on future aggregate sales for the life of the operation.

All of Morien's time and expenses related to advancing Lazy Head are fully reimbursed by Carver, consistent with Morien's capital-efficient, partner-driven royalty model.

About Carver companies

Founded in 1988, Carver is a privately held, U.S.-based logistics, infrastructure and materials group employing more than 1,000 people across its operations in the United States and Canada. The company owns and operates a granite quarry in Bayside, N.B., multiple deepwater marine terminals, tug and barge services, stevedoring, warehousing, and project-cargo solutions along the Atlantic and Gulf Coasts. Carver enables efficient movement of bulk and breakbulk materials to major growth markets, supporting public and private customers across construction, energy and industrial supply chains.

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.

We seek Safe Harbor.