Mr. Lyle Whitmarsh reports

GREENLAND ENERGY COMPANY (NASDAQ: GLND) SECURES A STRATEGIC AGREEMENT FOR ADVANCED RIG CAPACITY TO SUPPORT THE ONSHORE OIL EXPLORATION PROGRAM IN GREENLAND

Greenland Energy Company has signed a strategic drilling agreement with Stampede Drilling Inc., a leading Canadian energy service company, to provide a high performance rig and expert services for coming operations in the Jameson Land basin.

This agreement ensures the availability of Stampede's Rig No. 12, equipped for Arctic conditions, to mobilize crews and execute drilling for one of the industry's most anticipated frontier projects. Under a five-year agreement, plans call for drilling up to two wells.

This agreement follows the completion of the previously announced business combination between Pelican Holdco Inc., Pelican Acquisition Corp., March GL Company and Greenland Exploration Ltd. The transaction closed on March 25, 2026, forming Greenland Energy Company, which trades on Nasdaq under the ticker symbol GLND.

"Securing a reliable, high-calibre drilling partner is essential for success in advancing a project of this scale," said Robert Price, chief executive officer of Greenland Energy Company. "Stampede brings proven expertise in Arctic conditions and a track record of safety and efficiency, giving us the operational backbone to deliver our 2026 program."

"Delivering in extreme conditions demands precision and respect for the environment," said Lyle Whitmarsh, president and CEO of Stampede. "We're excited to partner with the Greenland Energy team on a program that has the potential to open one of the most exciting unexplored basins in the world, and we look forward to delivering the operational performance that makes that vision a reality."

About Stampede Drilling Inc.

Stampede is an energy service company based in Calgary, Alta., providing premier contract drilling services with a fleet of high-quality rigs and experienced field staff. Focused on safety, efficiency and value, Stampede serves the oil and natural gas industry in Western Canada and emerging frontier regions.

We seek Safe Harbor.