Mr. James Deckelman reports

DEEP SEA MINERALS CORP. SUBMITS RESPONSE TO U.S. DEFENSE INDUSTRIAL BASE CONSORTIUM SOLICITATION FOR CRITICAL MINERALS

Deep Sea Minerals Corp. has submitted its bid in response to a solicitation from the U.S. Defense Industrial Base Consortium (the DIBC) to provide to the United States a reliable supply of critical minerals, focusing on nickel (Ni) and a complementary commercialization plant.

In February, 2026, the DIBC issued a new request for project proposal (RPP) focused on strategic critical minerals. The DoW has prioritized identification of supply chain alternatives for defence-critical minerals used in the production of aircraft, missiles, semiconductors and other defence technologies.

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 delighted to support DIBC initiatives that focus on strategic critical minerals and to partner with the DoW," said James Deckelman, chief executive officer of Deep Sea Minerals.

Deep Sea Minerals focuses on exploring and developing deep-sea mineral resources essential for emerging technologies, including materials used in batteries, electronics and defence. Through technological innovation and strong environmental safeguards, the company aims to contribute to resilient and sustainable critical mineral supply chains.

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 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.