Mr. James Deckelman reports

DEEP SEA MINERALS CORP. JOINS U.S. DEFENSE INDUSTRIAL BASE CONSORTIUM

Deep Sea Minerals Corp.'s application to the U.S. Defense Industrial Base Consortium (the DIBC) has been approved.

The DIBC is managed by Advanced Technology International (ATI) on behalf of the U.S. Department of War (the DoW). The DIBC aims to expand and diversify the defence industrial base in the U.S., enable private-sector businesses to work in partnership with the U.S. government, provide non-dilutive financing for key contractors, and provide the U.S. government access to commercial solutions for defense requirements.

Critical metals are considered essential for the U.S. defence industrial base, and the U.S. government is engaged in strategic planning, initiatives and funding to ensure it can access and onshore domestic production capabilities and supply.

"We are excited to have been accepted by DIBC and see obtaining our membership as a key milestone in our path to advancing our company's strategic initiatives," said James Deckelman, chief executive officer of Deep Sea. "We believe that our strategy and focus on supplying critical minerals through the responsible development of subsea mineral assets represents a strong opportunity for the DoW to quickly onshore domestic production capabilities of this critical metal, and we look forward to advancing these initiatives in partnership with the U.S."

Other corporate updates

The company also announces that it has entered into a marketing services agreement with Capital Gain Media Inc. (CGM), for a period of four months commencing Feb. 23, 2026, paying $400,000 (U.S.) to CGM as compensation. CGM has a business address located at 1111 West Hastings St., 15th floor, Vancouver, B.C., V6E 2J3, and its principal Graham Colmer can be contacted at admin@capitalgainmedia.com. CGM and its principals are arm's length from the company.

About Deep Sea Minerals Corp.

Deep Sea Minerals is a subsea 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 centered 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.