Greenland Mines Delivers Two Key Milestones at Skaergaard: Bathymetric Survey Completed, Initial Metallurgical Core Drilling Concluded

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Survey vessel M/V Byr returns safely to Iceland having covered more area with water depth data (bathymetry) than originally planned High-resolution seabed data already used to safely anchor support vessel Argus within 500 meters of the western outcropping mineralized zone at Skaergaard Data advancing toward official navigational charting and future shipping infrastructure planning for the Project's next development phase Initial HQ drill core supporting the metallurgical bulk sample successfully completed, with the program shifting to NQ-size core drilling from a newly established, fully operational core shack SKAERGAARD, Greenland, Aug. 17, 2026 (GLOBE NEWSWIRE) -- via IBN – Greenland Mines Ltd ("Greenland Mines" or the "Company") (Nasdaq: GRML) is pleased to announce the successful completion of its 2026 bathymetric survey campaign at the Skaergaard Project in southeast Greenland, carried out by Icelandic Lagenes ehf using the expedition, research and survey vessel M/V Byr. The vessel has returned safely to Iceland having covered more survey area than originally planned, with the acquired data verified and confirmed to meet the high-resolution technical specifications required under the survey contract. M/V Byr, from Icelandic Lagenes ehf, was operated under the command of Sigurdur Jonsson, who has navigated the fjords of East Greenland for the past 25 years, and covered navigation route surveys and full multibeam coverage across Mikis Fjord, J.C. Jacobsen Fjord, Skaergaard Bugt and Uttendal Sund. Onboard the survey acquisition was overlooked by Survey Chief and Survey Engineer Lauri Aakko. The value of this new dataset has already been demonstrated in practice: High-resolution bathymetric data was used to safely guide the Company's support and operations vessel Argus to a new anchorage in Uttendal Sund, just 500 meters from the main initial operational area for the 2026 field season, located in the western part of the outcropping gold, palladium and platinum mineralized zone at Skaergaard. "This is precisely the kind of foundational work that turns a promising deposit into a developable project," said Dr. Bo Moller Stensgaard, president of Greenland Mines Ltd. "For the first time, we now have high-quality seabed data across the fjords surrounding Skaergaard, acquired to international survey standards and already put to direct operational use this seaso...

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