Mr. James Deckelman reports

DEEP SEA MINERALS CORP. APPOINTS RAJ MATTHEW AS CHIEF FINANCIAL OFFICER

Deep Sea Minerals Corp. has appointed Raj Matthew, CPA, as chief financial officer, effective Oct. 27, 2026.

Mr. Matthew brings more than 25 years of financial leadership experience, including service as chief financial officer of Asante Technologies, a Nasdaq-listed networking hardware company. During his tenure, he led financial initiatives supporting operational restructuring, capital raising and strategic transactions across the company's international operations.

Mr. Matthew currently serves as audit committee chairman of Nasdaq-listed K2 Capital Acquisition Corp., providing oversight of financial reporting, internal controls, and Securities and Exchange Commission compliance. His broader public company experience includes serving as finance director at Seagate Technology and holding senior financial positions across the semiconductor, communications and technology sectors.

His CFO experience also includes roles at PrimeBlock, RiskSense, Narus and Vivato Networks. Across these businesses, he has overseen financial operations, financing initiatives, acquisition and divestiture transactions, and preparations for potential public company combinations. His background spans SEC reporting, treasury management, internal controls, audit co-ordination and cross-border financial operations.

"We are pleased to welcome Raj as chief financial officer of Deep Sea Minerals," said James Deckelman, chief executive officer of Deep Sea. "His experience as the CFO of a Nasdaq-listed company, together with his background in financial reporting, capital raising and strategic transactions, will be valuable as we advance our corporate and exploration priorities. We look forward to working with Raj to strengthen the company's financial capabilities and support its next stage of development."

Other corporate updates

The company also announces that Steven Nguyen will transition from chief financial officer to vice-president of finance and will continue to serve as a director of the company. The company thanks Mr. Nguyen for his contributions and service as chief financial officer and looks forward to his continued support in his new role.

About Deep Sea Minerals Corp.

Deep Sea is a seabed 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.