DEEP SEA MINERALS CORP. PROVIDES STRATEGIC EXECUTION UPDATE

Executive Summary

• Deep Sea Minerals provided a comprehensive execution update highlighting material progress across regulatory, commercial, and capital markets workstreams since its February 2026 disclosure.
• The company successfully submitted an application under the NOAA regulatory pathway (DSHMRA) and achieved a substantial compliance determination, securing priority rights for the designated application area.
• Management submitted an application to list common shares on NASDAQ, advanced preparation for a Cook Islands seabed minerals application, and expanded technical and commercial partnerships to support future operational readiness.

Key Details

• NOAA/DSHMRA Application: Successfully submitted an application through the National Oceanic and Atmospheric Administration (NOAA) under the Deep Seabed Hard Mineral Resources Act of 1980; achieved substantial compliance determination, establishing priority rights for the application area.
• Cook Islands Strategy: Actively preparing an application under the Cook Islands seabed minerals framework and evaluating concession opportunities within the Cook Islands Exclusive Economic Zone (EEZ), leveraging established regulatory frameworks and U.S.-Cook Islands cooperation initiatives.
• U.S. EEZ Opportunities: Monitoring developments with the Bureau of Ocean Energy Management (BOEM) and evaluating additional federal regulatory mechanisms and concession opportunities for offshore critical mineral exploration within U.S. waters.
• NASDAQ Listing Application: Submitted an application to list common shares on NASDAQ following recent graduation to the OTCQB Venture Market; aims to expand visibility among U.S. institutional investors, natural resource funds, and family offices to facilitate access to broader capital markets.
• Commercial & Technical Engagements: Expanded discussions with multiple service providers, technical consultants, marine operation specialists, engineering firms, geospatial/seabed data providers, and potential strategic partners to support operational readiness, environmental baseline work, and scalable execution pathways.
• Marketing Agreement Extension: Amended and extended the investor relations and marketing agreement with Capital Gain Media Inc. for up to 90 days; paid an upfront marketing budget of US$200,000 plus applicable taxes for the extended term.
• Strategic Policy Context: Monitoring acceleration of U.S. critical minerals policy initiatives, including Project Vault, to strengthen domestic supply chain resilience and secure resources for advanced manufacturing, energy transition technologies, and national security applications.

Notable Quotes

• “Our focus has always been execution. Since February, we have advanced our NOAA application to substantial compliance status, progressed our Cook Islands strategy, expanded industry engagement, and submitted our NASDAQ application. These milestones represent tangible progress across our regulatory, operational, and capital markets objectives and reinforce our commitment to building a long-term platform in the offshore critical minerals sector.” — James Deckelman, Chief Executive Officer