Greenland Mines Reports 36–44% PdEq Grade Uplift and +31% Increase in Indicated PdEq Ounces at its Skaergaard Gold, Palladium, Platinum Project in First S-K 1300 Technical Report Summary

About this update from Greenland Mines Ltd

Updated 2026 MRE reflects strong grade and contained-metal increases versus 2022 baseline; S-K 1300 conversion establishes U.S. regulatory foundation as Company advances toward Initial Assessment CHARLOTTE, N.C., July 15, 2026 (GLOBE NEWSWIRE) -- via IBN – Greenland Mines Ltd (Nasdaq: GRML) ("Greenland Mines" or the "Company") is pleased to report that SLR Consulting (Canada) Ltd. ("SLR"), the Company's independent Qualified Person, has completed a Technical Report Summary ("TRS") for the Skaergaard precious and critical metals project in southeast Greenland. The TRS conforms to the requirements of the U.S. Securities and Exchange Commission's ("SEC") Modernized Property Disclosure Requirements for Mining Registrants under Subpart 229.1300 of Regulation S-K ("S-K 1300") and represents the first S-K 1300-compliant report prepared for Skaergaard. The TRS incorporates an updated Mineral Resource Estimate ("2026 MRE") with an effective date of July 3, 2026. Against the November 2022 NI 43-101 baseline (the "2022 MRE"), the new 2026 MRE reflects: The 2026 MRE, prepared by SLR Consulting under the SEC's S-K 1300 standard, confirms Skaergaard as one of the largest undeveloped palladium, gold and platinum resources in the western world – at a moment when palladium supply chains are under structural pressure, and Greenland has emerged as a priority jurisdiction for allied-nation critical mineral strategies. The grade and contained-metal improvements recorded in the 2026 MRE are driven by both a more robust geological model and metal prices that now reflect the market reality of 2026, including gold at US$3,500/oz. Comment from President of Greenland Mines Ltd, Dr, Bo Møller Stensgaard: "This is a genuine and material step forward for Skaergaard. We have taken the 2022 mineral resource – already substantial – applied current gold and palladium prices and an improved block model methodology that better reflects the true geometry of the deposit, and the result is a resource that is more than 31 percent larger in Indicated PdEq ounces with a grade 36 percent higher. "That is a material upgrade in the economic quality of what Skaergaard holds. And critically, this is just the platform. The S-K 1300 conversion gives us the regulatory foundation to move directly into an Initial Assessment, which will, for the first time, formally evaluate what an open-pit scenario looks like at Skaergaard alongside underground options.

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