Mr. James Deckelman reports

DEEP SEA MINERALS CORP. FILES FORM F-10 REGISTRATION STATEMENT WITH U.S. SECURITIES AND EXCHANGE COMMISSION BECOMING A U.S. REPORTING COMPANY

Deep Sea Minerals Corp. has filed a registration statement on Form F-10 with the U.S. Securities and Exchange Commission.

The registration statement was filed under the multijurisdictional disclosure system established between Canada and the United States in connection with the company's previously announced $50-million short form base shelf prospectus. MJDS permits eligible Canadian issuers to register securities in the United States using disclosure documents prepared principally in accordance with Canadian securities requirements.

In connection with the registration statement, the company has refiled its audited annual financial statements for the years ended Dec. 31, 2025, and 2024, and related management's discussion and analysis. The refiled annual financial statements have been audited by an independent public accounting firm registered with the Public Company Accounting Oversight Board (United States) as required for U.S. securities law purposes under Section 102 of the Sarbanes-Oxley Act of 2002. The annual financial statements have also been updated to give retroactive effect to the two-for-one share split completed on May 26, 2026, and the subsequent events disclosure has been updated through July 30, 2026. These amendments do not change the previously reported assets, liabilities, net loss or cash flows for the years ended Dec. 31, 2025, and 2024.

Upon effectiveness of the registration statement, the company became subject to certain continuing reporting obligations under the U.S. Securities Exchange Act of 1934, as amended, as a foreign private issuer.

No securities are being offered or sold pursuant to this news release. Any future offering under the registration statement and the company's Canadian base shelf prospectus would be made pursuant to a prospectus supplement setting out the specific terms of the offering.

The registration statement is available through the SEC's EDGAR. The company's Canadian base shelf prospectus and related documents are available under the company's issuer profile on SEDAR+. Copies may also be obtained from the company at Suite 1600, 409 Granville St., Vancouver, B.C., Canada, V6C 1T2, attention: Steven Nguyen, chief financial officer.

About Deep Sea Minerals Corp.

Deep Sea is a seabed mineral exploration and development company focused on evaluating opportunities to support the future supply of critical minerals through the acquisition, exploration and development of deep-sea mineral assets.

The company's strategy is centred on identifying jurisdictions and geological settings with potential exposure to polymetallic nodule systems, which are recognized for containing combinations of metals that may be relevant to defence, industrial manufacturing, clean energy infrastructure, advanced electronics and artificial-intelligence-related supply chains. These seabed resources represent a largely undeveloped component of the global mineral supply base, and are the subject of increasing policy, scientific and regulatory attention worldwide.

As part of this process, the company has commenced early-stage engagement with selected governments and regulatory bodies in the Pacific Ocean region to assess potential pathways for future exploration initiatives, subject to applicable international, national and environmental frameworks.

We seek Safe Harbor.