Morien Announces Upsize of Non-Brokered LIFE Financing

Executive Summary

• Morien Resources Corp. increased its previously announced non‑brokered LIFE financing to a maximum of 8,888,889 common shares at $0.18 per share, targeting gross proceeds of up to C$1.6 million.
• The offering is expected to close on or about December 16, 2025, subject to customary conditions and TSX Venture Exchange approval.
• Net proceeds are projected to fund Morien’s operations for an estimated four to five years, supporting the Donkin Mine restart, the Lazy Head Aggregate Project with Carver Companies, a Newfoundland aggregate opportunity, and ongoing discussions with Vulcan Materials on the Black Point Quarry milestone payment.

Key Details

• Offering Size: Up to 8,888,889 common shares (Offered Shares)
• Price per Share: $0.18 (Offering Price)
• Gross Proceeds Target: C$1,600,000 (maximum)
• Financing Structure: Non‑brokered private placement under the Listed Issuer Financing Exemption (NI 45-106 Part 5A).
• Closing Date: Expected on or about December 16, 2025 (or earlier/later at company discretion).
• Conditions to Closing: Receipt of all necessary approvals, including TSX Venture Exchange approval; customary closing conditions.
• Use of Proceeds: Working capital and general corporate purposes; sufficient to support operations for 4‑5 years. Specific initiatives include:
• Advocacy for restart of the Donkin Mine.
• Progressing permitting, environmental review, and technical work on the Lazy Head Aggregate Project (partnered with Carver Companies).
• Early‑stage technical and commercial evaluation of a Newfoundland aggregate opportunity (with Carver).
• Continuation of discussions with Vulcan Materials regarding the Final Investment Decision for the Black Point Quarry Project and the related C$400,000 milestone payment owed to Morien.
• Offering Jurisdictions:
• Canada (all provinces/territories except Québec) – reliance on Listed Issuer Financing Exemption.
• United States – offered under applicable U.S. securities law exemptions.
• Other jurisdictions outside Canada and the U.S. as determined by the company.
• Hold Period: No hold period for Canadian resident subscribers under the exemption.
• Regulatory Notices: The release is not an offer or solicitation in the United States; securities are not registered there.

Notable Quotes

• “The increased financing provides Morien with a solid financial foundation to advance our key projects and deliver value to Nova Scotian shareholders,” – Dawson Brisco, President & CEO.