Morien Resources Corp. provides an update on the Donkin Coal Mine in Nova Scotia, owned and operated by Kameron Collieries, upon which Morien has a 2% to 4% royalty interest. In consideration of a 118-day long Stop Work Order ("SWO"), in effect since July 15, 2023, Kameron has made the decision to lay off the remaining hourly workforce at the Mine and to place the operation into an idled state with no timeline to resume operations.

The SWO was put in place by the Nova Scotia Department of Labour, Skills and Immigration ("DOL"), a provincial regulator for the Mine. The SWO was issued in response to a roof fall incident on July 15 that was subsequently ameliorated by Kameron between July 19 and July 27. While SWO's are meant to be temporary in duration, and while roof falls are not uncommon in underground mines1, and while no Kameron workers were injured nor any equipment damaged during the fall, the SWO nonetheless remains in place at the time of this news release, approximately four months after the fall was reported, which Morien understands makes it one of the longest SWO's in Nova Scotia's recent history.

Morien is disappointed that the circumstances surrounding the regulation of the Donkin Mine have compelled Kameron to idle the operation. While Kameron has given no indication of its timing to reopen the Mine, Morien will be working diligently to advocate for a potential return to production, and will provide updates to shareholders, stakeholders, and investors as to the status of operations at the Mine as they become available.