DEEP SEA MINERALS CORP. FILES FORM F-10 REGISTRATION STATEMENT WITH U.S. SECURITIES AND EXCHANGE COMMISSION BECOMING A U.S. REPORTING COMPANY

About this update from Deep Sea Minerals Corp

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. Vancouver, British Columbia, Aug. 04, 2026 (GLOBE NEWSWIRE) -- Deep Sea Minerals Corp. (CSE: SEAS) (OTCQB: DSEAF) (FSE: X450) ("Deep Sea Minerals" or the "Company"), a seabed mineral exploration and development company focused on advancing critical mineral opportunities from the deep ocean, is pleased to announce that it has filed a registration statement on Form F-10 (the "Registration Statement") with the United States Securities and Exchange Commission (the "SEC"). The Registration Statement was filed under the multijurisdictional disclosure system established between Canada and the United States ("MJDS") in connection with the Company's previously announced C$50 million short form base shelf prospectus. MJDS permits eligible Canadian issuers to register securities in the United States using disclosure documents prepared principally in accordance with Canadian securities requirements. In connection with the Registration Statement, the Company has re-filed its audited annual financial statements for the years ended December 31, 2025, and 2024, and related management's discussion and analysis. The re-filed annual financial statements have been audited by an independent public accounting firm registered with the Public Company Accounting Oversight Board (United States), as required for U.S. securities law purposes under section 102 of the Sarbanes-Oxley Act of 2002. The annual financial statements have also been updated to give retroactive effect to the two-for-one share split completed on May 26, 2026, and the subsequent events disclosure has been updated through July 30, 2026. These amendments do not change the previously reported assets, liabilities, net loss or cash flows for the years ended December 31, 2025, and 2024. Upon effectiveness of the Registration Statement, the Company became subject to certain ongoing reporting obligations under the United States Securities Exchange Act of 1934, as amended, as a foreign private issuer. No securities are being offered or sold pursuant to this news release. Any future offering under the Registration Statement and the Company's Canadian base shelf prospectus would be made pursuant to a prospectus supplement setting out the specific terms of the offering. The Registration Statement is available through the SEC'...

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