Morien Announces Results of Annual and Special Meeting

Core Points - Morien Resources Corp. announced that shareholders voted in favor of all items at the Annual and Special Meeting of Shareholders held on May 14, 2025 [1] Group 1: Election of Directors - The Board set the number of directors at four, re-electing John Budreski, Dawson Brisco, Mary Ritchie, and Beau White for the upcoming year [2] - The Board confirmed the appointment of executive officers: John Budreski as Executive Chairman, Dawson Brisco as President and CEO, Susanne Willett as CFO, and Suzan Frazer as Corporate Secretary [2] Group 2: Appointment of Auditor - MNP LLP was re-appointed as the Company's auditor until the next annual meeting or until a successor is appointed, with remuneration to be determined by the Board [3] Group 3: Approval of Stock Option Plan - Shareholders re-approved the Company's 10% rolling incentive stock option plan in accordance with TSX Venture Exchange rules [4] Group 4: Continuance of Shareholder Rights Plan - Shareholders approved the reconfirmation and continuance of the Company's shareholder rights plan, originally approved in 2019, which requires affirmation every three years [5] - The Rights Plan aims to provide the Board and shareholders time to consider future takeover bids, ensuring fair treatment for all shareholders [5] Group 5: Company Overview - Morien is a mining development company based in Nova Scotia, established in 2012, focusing on direct prosperity for Nova Scotians [6] - The Company's primary assets include a royalty on coal sales from the Donkin Mine and a royalty on aggregate sales from the Black Point Project [6] - Morien emphasizes shareholder returns over corporate size and has 51,292,000 issued common shares, with a fully diluted position of 53,992,000 [6]