Green Minerals AS (“The Company”) today announces that it has signed an
agreement with National Oceanography Centre and University of Southampton
regarding the Project ULTRA. The project will produce new knowledge of the
formation and the evolution of SMS deposits which will be paramount for the
Company’s exploration strategy and subsequent production activities. Project
ULTRA will include 2 research cruises on SMS areas located in international
licenses. Through the Project ULTRA, the Company will collaborate with
internationally leading scientists and support the education of the future
professionals required for the marine minerals industry. The Company will
sponsor and co-supervise 2 PhD programs as part of the project.

“We are excited to engage in this long-term collaboration with NOC, UoS and not
least professor Bram Murton as the lead scientist on the Project Ultra.
Supporting and working with academia to further enhance our knowledge in all
aspects of marine minerals, not least from an environmental and biodiversity
perspective, is an integral part of Greeen Minerals`strategy”, comments Ståle
Rodahl, Executive Chairman of Green Minerals AS.

Contacts:
Ståle Rodahl
Executive Chairman
Ph: +47 4840 0593