December 5, 2022 - Morien Resources Corp. has announced that the Nova Scotia Department of Environment and Climate Change has approved a request from Kameron Collieries ULC (“Kameron”), owner and operator of the Donkin Mine (“Donkin” or the “Mine”), to renew its industrial approval (“Approval”) for the Mine. The seven-year Approval takes effect on December 5, 2022, and expires December 31, 2029.

Morien owns a gross production royalty for the Mine of 2% on the revenue from the first 500,000 tonnes of coal sales per calendar quarter, net of certain coal handling and transportation costs, and 4% on the revenue from any coal sales from quarterly tonnage above 500,000 tonnes, net of certain coal handling and transportation costs. The royalty is payable to Morien on a quarterly basis.

About Morien

Morien is a Canada-based, mining development company that holds royalty interests in two tidewater accessed projects. The Donkin Coal Mine recommenced production in 2022, and the Black Point Aggregate Project, permitted in 2016, is awaiting a development decision and is paying advanced minimum royalties to Morien. Morien’s management team exercises ruthless discipline in managing both the assets and liabilities of the Company. The Company’s management and its Board consider shareholder returns to be paramount over corporate size, number or scale of assets and industry recognition. The Company has 50,734,114 issued and outstanding common shares and a fully diluted position of 54,784,114. Further information is available at www.MorienRes.com.