Announcement • Aug 21

Morocco Strategic Minerals Corporation Advances Multiple High-Grade Copper Targets Across Its Western High Atlas District

Morocco Strategic Minerals Corporation had reported results from systematic underground and surface channel sampling at Ouneine and a recent batch of selective samples from Tanfit and Ijoukak, as the Company advances drill-target definition across its Western High Atlas District in Morocco. Ouneine underground Gallery A: 77 channel samples were collected from 15 sections. Eight sections returned more than 1.0% Cu over sampled lengths ranging from 1.6 to 3.0 metres, led by 5.74% Cu and 39 g/t Ag over 2.1 metres, including 13.18% Cu and 88 g/t Ag over 0.9 metre. Ouneine surface channel sampling: 34 samples were collected from 13 channels. Six channels returned more than 1.0% Cu, including 1.55% Cu and 199 g/t Ag over 2.0 metres and 1.25% Cu over 4.0 metres. Tanfit: Five of six underground grab samples from Gallery 17 returned more than 2.0% Cu, with values of up to 7.76% Cu and 42 g/t Ag. Historical stockpile sampling also returned multiple high-grade copper values, including up to 23.60% Cu and 40 g/t Ag, 22.00% Cu and 50 g/t Ag, and 16.32% Cu and 115 g/t Ag. Ijoukak: Fifteen of 16 underground grab samples from the historical 1670- and 1700-level workings returned more than 1.0% Cu. All 11 samples from the 1670 level returned more than 1.0% Cu, including nine above 4.0% Cu and values of up to 27.68% Cu. The 1700-level workings returned values of up to 26.43% Cu and 23.47% Cu. All five historical stockpile samples returned more than 1.0% Cu. The results are being integrated with geological and structural mapping to refine and rank priority drill targets across the Western High Atlas District, with systematic channel sampling and three-dimensional interpretation focused on advancing the best-defined targets toward drilling. A total of 77 channel samples were collected from 15 sampling sections distributed along the accessible portions of underground Gallery A at Ouneine. The sampled lengths of the 15 sections range from 1.6 to 3.0 metres. Composite grades were calculated using length-weighted assay values. Copper grades by section range from 0.17% to 5.74% Cu, with eight sections averaging more than 1.0% Cu and three sections averaging more than 2.0% Cu. The fifteen sections are summarized below: Section 1A 2.00 18 1.25 Including 5.38% Cu and 69 g/t Ag over 0.40 m; Section 2A 2.20 17 1.87 Including 3.90% Cu and 35 g/t Ag over 1.00 m; Section 3A 1.78 5 0.38 Including 1.48% Cu over 0.33 m; Section 4A 2.10 39 5.74 Including 13.18% Cu and 88 g/t Ag over 0.90 m; Section 5A 1.75 1 0.17; Section 6A 1.60 2 0.31; Section 7A 1.60 6 1.23 Including 4.62% Cu over 0.40 m; Section 8A 1.90 7 1.41 Including 2.38% Cu over 1.10 m; Section 9A 2.10 11 2.29 Including 5.29% Cu over 0.90 m; Section 10A 2.67 7 0.74 Including 1.31% Cu over 0.95 m; Section 11A 2.15 6 0.67 Including 1.18% Cu over 1.10 m; Section 12A 2.40 2 0.38 Including 1.18% Cu over 1.10 m; Section 13A 3.00 8 1.12 Including 3.55% Cu over 0.90 m; Section 14A 2.00 11 2.97 Including 9.60% Cu over 0.60 m; Section 15A 2.35 1 0.21 Including 0.48% Cu over 0.80 m. The Gallery A plan illustrates that copper mineralization occurs in multiple sections distributed along a substantial portion of the accessible underground workings. Several of the broader mineralized sections contain narrower, higher-grade intervals that are being evaluated as part of the Company’s structural interpretation and drill-targeting work. The Ouneine licence contains multiple historical underground workings identified as Galleries A, B, C and D. The Company’s initial systematic underground channel program focused on accessible portions of Gallery A. A total of 34 channel samples, excluding blank, standard and duplicate quality-control samples, were collected from 13 surface channels at Ouneine. Six of the 13 surface channels returned composite grades greater than 1.0% Cu. The results confirm locally copper-silver mineralization at surface and provide additional areas for geological and structural follow-up. The thirteen sections are summarized below: ON-CH1 2 0.00 1.20 1.20 116 0.84 1.52% Cu over 0.60 m; ON-CH2 3 0.00 2.00 2.00 199 1.55 3.07% Cu over 0.60 m; ON-CH3 3 0.00 1.40 1.40 10 1.04 3.45% Cu over 0.40 m; ON-CH4 2 0.00 0.90 0.90 10 0.43; ON-CH5 3 0.00 3.00 3.00 4 0.14; ON-CH6 2 0.00 1.00 1.00 4 0.59; ON-CH7 2 0.00 1.00 1.00 19 1.68; ON-CH8 3 0.00 1.00 1.00 4 0.19; ON-CH9 3 0.00 2.37 2.37 33 1.61 1.86% Cu over 2.04 m; ON-CH10 3 0.00 1.70 1.70 4 0.31; ON-CH11 3 0.00 2.40 2.40 15 1.33 2.02% Cu over 1.50 m; ON-CH12 3 0.00 4.00 4.00 10 1.25 1.64% Cu over 3.00 m; ON-CH13 2 0.00 4.00 4.00 3 0.26. The surface results provide additional copper-silver targets outside the sampled portion of Gallery A and will be incorporated into the ongoing geological and structural interpretation of the Ouneine licence. All underground and surface channel lengths reported in this release are measured sample lengths. The relationship between the sampled lengths and the true widths of the mineralized structures has not yet been determined. Additionally, the Company continued to advance its district-wide exploration program with initial exploration sampling at the Tanfit and Ijoukak licences, targeting historical underground workings and associated stockpiles. At Tanfit, the Company collected selective rock samples from both accessible underground workings and historical stockpiles. Underground sampling at Gallery 17 comprised six grab samples, five of which returned greater than 2.0% Cu. Selected results include: TF-17-4, Gallery 17: 7.76% Cu and 42 g/t Ag; TF-17-1, Gallery 17: 3.22% Cu and 27 g/t Ag; TF-17-3, Gallery 17: 2.39% Cu and 39 g/t Ag; TF-17-5, Gallery 17: 2.36% Cu and 12 g/t Ag; TF-17-6, Gallery 17: 2.01% Cu and 8 g/t Ag. Historical stockpile sampling at Tanfit comprised ten exploration samples from material associated with Levels 50 and 145 and Gallery 17. Eight of the ten samples returned greater than 1.0% Cu. Selected results include: TF-SP-50-1, stockpile associated with Level 50: 23.60% Cu and 40 g/t Ag; TF-SP-17-1, stockpile associated with Gallery 17: 22.00% Cu and 50 g/t Ag; TF-145-1, stockpile associated with Level 145: 16.32% Cu and 115 g/t Ag; TF-145-3, stockpile associated with Level 145: 14.97% Cu, 70 g/t Ag and 0.12 g/t Au; TF-SP-17-2, stockpile associated with Gallery 17: 5.00% Cu and 21 g/t Ag; TF-SP-17-6, stockpile associated with Gallery 17: 3.02% Cu and 10 g/t Ag; TF-145-2, stockpile associated with Level 145: 1.79% Cu and 37 g/t Ag; TF-SP-17-4, stockpile associated with Gallery 17: 1.44% Cu and 10 g/t Ag. In total, 13 of the 16 exploration samples collected from the Tanfit underground workings and historical stockpiles returned greater than 1.0% Cu.

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Morocco Strategic Minerals Corporation Advances Multiple High-Grade Copper Targets Across Its Western High Atlas District

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