Morien Resources Corp. (TSXV:MOX) announces a share repurchase program. Under the program, the company will repurchase up to 4,995,300 shares, representing 8.33% of its outstanding common shares and 10% of its public float.

The prices that company will pay for any of the common shares purchased will be the market price of the shares at the time of acquisition. Shares will be purchased by the company will be on the open market through the facilities of TSX Venture Exchange. Shares repurchased will be cancelled.

The Board of Directors is of the opinion that the price of company's common shares does not reflect its underlying value. The company believes that repurchasing shares at present prices represents an opportunity to enhance value for its ongoing shareholders. The company may repurchase up to 1,198,844 shares in any 30 day period as per the TSXV policies.

The actual number of common shares which will be purchased and the timing of any such purchases will be determined by the company. The bid will end on January 22, 2016, or on such earlier date as the company may complete its purchases pursuant to the bid. As of January 29, 2015, the company has 59,942,248 shares outstanding.