Mr. James Deckelman reports

DEEP SEA MINERALS CORP. ANNOUNCES CLOSING OF OVERSUBSCRIBED $4.22 MILLION PRIVATE PLACEMENT

Further to the news release dated Jan. 21, 2026, Deep Sea Minerals Corp. has closed the previously announced non-brokered private placement of common shares in the capital of the company by the issuance of 10,550,425 shares at 40 cents per share for gross proceeds of $4,220,170.

In connection with the offering, the company paid finders' fees to eligible finders consisting of $95,620 in cash and 239,050 common share purchase warrants. Each finder's warrant is exercisable to acquire one share at an exercise price of 40 cents for a period of 24 months from the date of issuance.

All securities issued in connection with the offering are subject to a statutory hold period of four months plus a day ending on June 7, 2026, in accordance with applicable securities legislation and policies of the Canadian Securities Exchange.

The company intends to use the net proceeds from the offering to complete certain business objectives as more particularly described under the heading "Business objectives and milestones" in the company's CSE Form 2A Listing Statement dated Jan. 19, 2026, a copy of which is available under the company's profile on SEDAR+, repayment of the loan (as defined in the listing statement), for marketing, and for general working capital purposes.

"We are extremely pleased with the results of the initial private placement. The offering was significantly oversubscribed, validating the potential of the critical minerals sector and how we have positioned Deep Sea Minerals Corp. in this space. The momentum we are seeing in the sector is unprecedented. The private placement outcome is clear testament to that," said James Deckelman, chief executive officer of Deep Sea.

About Deep Sea Minerals Corp.

Deep Sea 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 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.

We seek Safe Harbor.