Morien Announces Virtual Annual Meeting of Shareholders, Files Proxy Circular

HALIFAX, April 24, 2023 - Morien Resources Corp. ("Morien" or the "Company") (TSX-V:MOX), today announces that its Annual and Special Meeting of Shareholders will be held in a virtual-only format, and that its 2023 Notice of Annual and Special Meeting, Management Information Circular and Form of Proxy are now available under the Company's profile on SEDAR at www.sedar.com.

Virtual Annual and Special Meeting of Shareholders

Morien's Virtual Annual and Special Meeting of Shareholders (the "Meeting") will be held on Wednesday, May 17 at 2:00 p.m. Atlantic Time. The Company will hold the Meeting in a virtual-only format, with proceedings conducted solely via live audio by phone and webcast. There will be no in-person meeting to attend. Shareholders who elect to virtually attend the Meeting may do so by calling 877-407-2991 (toll-free) or 201-389-0925. Shareholders may also access a live, online Meeting webcast and presentation by visiting the following link:

https://event.choruscall.com/mediaframe/webcast.html?webcastid=HR84lX0R

Important Information for Voting at the Virtual Meeting

Morien recommends that Shareholders call in 20 minutes in advance of the Meeting start time to allow ample time to check into the Meeting by telephone and to complete the registration and, if applicable, voting procedures. At the outset of the Meeting, all Registered Shareholders and duly appointed proxyholders will be prompted to speak with Morien's transfer agent, Computershare Investor Services Inc., if they wish to cast a vote.

Whether Shareholders plan to attend the Meeting or not, Morien urges both its Registered and Non-Registered Shareholders to vote and submit their proxies or voting instruction forms in advance of the Meeting by one of the methods described in the Company's 2023 Management Information Circular found on SEDAR and on the Company's website here.

Registered Shareholders are those who have their names, and not the names of their broker or other intermediary, on a physical share certificate or direct registration system (DRS) statement. This certificate or statement may be in your possession or lodged at your bank or brokerage firm. Only Registered Shareholders (and their duly appointed proxyholders) will be able to cast or modify their vote at the virtual Meeting.

Non-Registered Shareholders are those holders who have their share ownership through a broker, nominee or other intermediary. Non-Registered Shareholders are urged to vote and submit proxies or voting instruction forms in advance of the Meeting as they will not have the ability to speak or change their votes during the Meeting.

About Morien

Morien is a Canada based, mining development company that holds royalty interests in two tidewater accessed projects. The Donkin Coal Mine re-commenced production during the third quarter of 2022 and royalties to Morien have commenced. The Black Point Aggregate Project is permitted, and although production has not begun, Morien is receiving advanced minimum royalty payments on a quarterly basis. 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 51,397,000 issued and outstanding common shares and a fully diluted position of 54,247,000. Further information is available at www.MorienRes.com.

Forward-Looking Statements

Some of the statements in this news release may constitute "forward-looking information" as defined under applicable securities laws. These statements reflect Morien's current expectations of future revenues and business prospects and opportunities and are based on information currently available to Morien. Morien cautions that actual performance will be affected by a number of factors, many of which are beyond its control, and that future events and results may vary substantially from what Morien currently foresees. Factors that could cause actual results to differ materially from those in forward-looking statements include risks and uncertainties described in documents filed by Morien with the Canadian securities regulators on SEDAR (www.sedar.com) from time to time. Morien cautions that its royalty revenue will be based on production by third party property owners and operators who will be responsible for determining the manner and timing for the properties forming part of Morien's royalty portfolio. These third party owners and operators are also subject to risk factors that could cause actual results to differ materially from those predicted herein including: volatility in financial markets or general economic conditions; capital requirements and the need for additional financing; fluctuations in the rates of exchange for the currencies of Canada and the United States; prices for commodities including coal and aggregate; unanticipated changes in production, mineral reserves and mineral resources, metallurgical recoveries and/or exploration results; changes in regulations and unpredictable political or economic developments; loss of key personnel; labour disputes; and ineffective title to mineral claims or property. There are other business risks and hazards associated with mineral exploration, development and mining. Although Morien believes that the forward-looking information contained herein is based on reasonable assumptions (including assumptions relating to economic, market and political conditions, the Company's working capital requirements and the accuracy of information supplied by the operators of the properties in which the Company has a royalty interest), readers cannot be assured that actual results will be consistent with such statements. Morien expressly disclaims any intention or obligation to update or revise any forward-looking information in this news release, whether as a result of new information, events or otherwise, except in accordance with applicable securities laws. All dollar values discussed herein are in Canadian dollars. Any financial outlook or future-oriented financial information in this news release, as defined by applicable securities laws, has been approved by management of Morien as of the date of this news release. Such financial outlook or future-oriented financial information is provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that such outlook or information should not be used for purposes other than for which it is disclosed in this news release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information, please contact:

Dawson Brisco, President & CEO
Phone: (902) 403-3149
dbrisco@MorienRes.com
or
John P.A. Budreski, Executive Chairman
Phone: (416) 930-0914
www.MorienRes.com