11.12.2025 06:57:00 CET | Green Minerals AS | Inside information

Green Minerals AS ("GEM" or the "Company") expresses deep concern that the
Norwegian government has so far failed to implement the opening of the
continental shelf for seabed minerals, despite the overwhelming majority
decision taken by the Storting in 2024.

Norway, a NATO member, possesses some of the world's most attractive deepsea
mineral resources and has advanced plans for environmentally responsible and
profitable extraction. These resources hold tremendous potential for building a
largescale mining industry in Norway, creating significant national and local
value, and generating numerous workplaces. It is therefore both disappointing
and alarming that the government once again allows minority parties to block a
clear majority decision.

The failure to initiate the first Norwegian deep-sea licensing round in 2026
increases political risk, creates significant uncertainty for the marine
minerals industry, and undermines the willingness to invest in new industrial
activities in Norway.

Consequently, GEM will redirect its focus toward other regions of the world to
realize its vision: delivering high quality minerals with a significantly lower
environmental footprint and superior profitability. In doing so, GEM aims to
contribute to solving some of the greatest challenges of our time: securing
access to critical minerals essential for the green energy transition and NATO's
defense capabilities.

As previously announced, GEM has already taken steps to diversify its portfolio.
The Company has signed a Memorandum of Understanding (MoU) in the Clarion
Clipperton Zone ("CCZ") in the Pacific Ocean, one of the world's most
prospective areas for polymetallic nodules. Work completed on the license to
date indicates a significant global resource, with more than 200 million tonnes
of measured, indicated, and inferred wet nodules across the license area. Some
environmental baseline work remains