Mr. Dawson Brisco reports

MORIEN ANNOUNCES UPSIZE OF NON-BROKERED LIFE FINANCING

As a result of strong investor demand, Morien Resources Corp. is increasing the size of its non-brokered LIFE financing, previously announced on Dec. 2, 2025, to an offering of up to 8,888,889 common shares at a price of 18 cents per offered share for gross proceeds of up to $1.6-million, pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 (Prospectus Exemptions).

There is an amended and restated offering document related to the LIFE offering that can be accessed under the company's profile at SEDAR+ and at the Morien website. Prospective investors should read the offering document before making an investment decision.

The LIFE offering is expected to close on or about Dec. 16, 2025, or such other date as decided by the company. The LIFE offering remains subject to certain conditions customary for such transactions, including the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

The company intends to use the net proceeds of the LIFE offering and other available funds to support continuing business operations, including working capital and general corporate purposes. Assuming 100 per cent of the LIFE offering is completed, the net proceeds are expected to provide Morien with sufficient financial resources to support its operations for an estimated four to five years. During this period, Morien will continue to advocate for a restart of operations at the Donkin mine; progress the permitting, environmental review and technical work associated with the recently announced Lazy Head aggregate project through its partnership with Carver Companies; and advance, alongside Carver, an early-stage technical and commercial evaluation of a Newfoundland aggregate opportunity. The company continues its relationship with Vulcan Materials Company regarding the status and timing of its final investment decision for the Black Point quarry project and the associated $400,000 milestone payment owed to Morien.

Subject to compliance with applicable regulatory requirements, the offered shares may be offered for sale on a private placement basis: (i) in each of the provinces and territories of Canada, other than Quebec, in reliance on the listed issuer financing exemption; (ii) in the United States pursuant to available exemptions from the registration requirements of the U.S. Securities Act of 1933, as amended, and applicable U.S. state securities laws; and (iii) in such other jurisdictions outside of Canada and the United States as the company may determine. The offered shares issued pursuant to the listed issuer financing exemption to Canadian resident subscribers under the LIFE offering will not be subject to a hold period pursuant to applicable Canadian securities laws.

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, Nova Scotia, 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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