Mr. James Deckelman reports

DEEP SEA MINERALS CORP. WELCOMES GROWING U.S. FOCUS ON DEEP-SEA MINING AT AMERICAN MINING ROUNDTABLE

Deep Sea Minerals Corp. has welcomed the increased national focus on critical minerals and deep-sea mining demonstrated at President Donald J. Trump's American Mining Roundtable, held Aug. 7, 2026, at the U.S. Department of State.

The U.S. government announced approximately $3-billion (U.S.) in financing commitments for critical mineral and battery projects, together with more than $180-million (U.S.) for mining education and work force development. During his remarks, President Trump stated that his administration had "authorized deep-sea mining to unlock vast untapped resources off our coast." Later in the round table, a participant presented the President with a gold replica of a deep-sea polymetallic nodule and described the potential role of seabed minerals in U.S. industrial, technological and defence supply chains. The company believes the discussion reflects growing policy recognition of offshore mineral resources as one potential component of a diversified and secure U.S. critical mineral strategy.

"Deep-sea minerals have moved firmly into the national conversation about economic security, defence readiness and American industrial capacity," said James Deckelman, chief executive officer of Deep Sea Minerals. "The attention given to deep-sea mining at the American Mining Roundtable reinforces the importance of evaluating these resources through a transparent, science-led and responsible regulatory process. Deep Sea Minerals is working to build a disciplined platform aligned with U.S. critical minerals priorities while maintaining a strong commitment to environmental stewardship and regulatory compliance."

Deep Sea continues to advance the regulatory, technical and environmental work streams associated with its offshore critical mineral strategy. As previously disclosed, the company submitted an exploration licence application to the U.S. National Oceanic and Atmospheric Administration under the Deep Seabed Hard Mineral Resources Act of 1980, and received a substantial compliance determination in connection with that application. No exploration licence has been awarded, the application remains subject to applicable regulatory review and approval, and the company has not made a production decision.

The company believes that any future development of deep-sea mineral resources should proceed within rigorous environmental and regulatory frameworks, supported by scientific research, stakeholder engagement and transparent oversight.

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.

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