Mr. Mervyn Pinto reports

MINAEAN ANNOUNCES MANAGEMENT CHANGES

Mervyn Pinto has resigned as chief financial officer of Minaean SP Construction Corp. and Haneef Esmail, a director of Minaean, has been appointed as CFO of the company, effective Dec. 12, 2025.

Mr. Pinto remains as chief executive officer, president, corporate secretary of the company and a director.

The company also announces that it will no longer be pursuing the NEOM city infrastructure projects opportunity in Saudi Arabia.

About Minaean SP Construction Corp.

Minaean SP Construction is a company well known for its pioneering efforts in the manufacture of light gauge steel components for the construction industry and modular metal buildings. The business strategy of the company is being expanded to the pursuit of other industrial opportunities, including the development and execution of various types of power projects.

The shares of Minaean SP Construction are publicly traded on the TSX Venture Exchange under the symbol MSP and on the Berlin and Frankfurt stock exchanges under the symbol NJA.

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