Morocco Strategic Minerals Corp. Announces District-Scale Option Agreement in Morocco’s Western High Atlas

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Figure 2: Ouneine-Ijoukak Hub Location and Access

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Principal Terms of the Option Agreements

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Under the Option Agreement with MNF, MCC has received a four-month due diligence period and full exclusivity over the assets, commencing on April 15, 2026. Following satisfactory due diligence, MCC is required to pay US$1,000,000 in cash to MNF in four instalments of US$250,000, with the first payment due no later than August 15, 2026 and the remaining three payable three, six and nine months after the first payment.

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Following a successful due diligence process, MCC will then have a three-year option period to acquire an 80% undivided interest in the assets by paying an additional US$10,000,000 in cash. Upon exercise, MCC would hold 80% and MNF would retain 20%, with MCC acting as operator under a joint venture structure. If MNF elects not to contribute its proportionate share of expenditures after exercise, its 20% interest will be converted into a 2% NSR royalty.

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Separately, MCC has secured a second option agreement to acquire a 100% interest in licence 393512 (Ouneine Mine) for an upfront option payment of MAD 150,000 (approximately C$22,000) and an exercise price of C$1,000,000, exercisable on or before June 15, 2026.

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The agreement also provides that MCC may, at its discretion, add one or more additional regional assets, including the Ouneine Mine (license 393512), to the project perimeter. If MNF elects not to participate in such additional assets at the prorated 80%–20% interest at the time of option exercise, those assets shall remain the exclusive property of MCC.

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About Morocco Strategic Minerals

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Morocco Strategic Minerals Corp. is a Canadian mineral exploration company focused on the acquisition, exploration and, if warranted, development of mineral properties of merit in Canada and Morocco.

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About MNF Groupe

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MNF Groupe Inc. is a Moroccan mining company and a subsidiary of Broychim S.A. a Moroccan industrial group that has been active for more than forty years and is recognized as a leader in mineral processing, chemical transformation, and the distribution of industrial products used across the glass, paint, plastics, ceramics, and construction sectors.

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Qualified Person

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The scientific and technical information in this release has been reviewed and approved by Merouane Rachidi, Ph.D., P.Geo., an independent Qualified Person in compliance with National Instrument 43-101.

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Sample Analysis Method

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All selected samples taken by MCC were submitted to African Laboratory for Mining and Environment (Afrilab – SGS Certified) in Marrakech, Morocco.

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All samples were analyzed for silver, copper, iron, lead and zinc using aqua regia digestion with an atomic absorption spectroscopy (“AAS”) finish. Samples containing greater than 5% Cu were reanalyzed using titration. Gold was assayed by fire assay. No QA/QC samples were included in this sampling program.

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About Morocco Strategic Minerals

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MCC is a Canadian mineral exploration company focused on the acquisition, exploration, and, if warranted, development of natural resource properties of merit in Canada and Morocco.

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Contact Information

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Pierre-Olivier Goulet
Vice-President Corporate Development

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Guy Goulet
President and CEO

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Forward-Looking Statements and Disclaimer

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Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements regarding the exercise of the option agreements, the acquisition of interests in the referenced mineral assets, the exploration and development potential of the Ouneine Valley district, the availability of infrastructure and access, and the Corporation’s plans, objectives and expectations with respect to the project. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects”, “believes”, “intends”, “may”, “will” or variations of such words and phrases, or statements that certain actions, events or results “will”, “may”, “could” or “should” occur. Forward-looking information is based on the Corporation’s estimates and assumptions as of the date of this release and is subject to known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied by such forward-looking information. Readers should not place undue reliance on forward-looking information. The Corporation undertakes no obligation to update or revise such information except as required by applicable securities laws.

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

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Figures accompanying this announcement are available at:

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