Green Minerals AS (“The Company”) is pleased to announce that Ståle Monstad has agreed to take up a position as Chief Geoscientist & Head of Exploration with the Company. Mr Monstad has more than 25 years of experience within exploration and geological management. He started his professional career in the exploration department of Norsk Hydro, gaining extensive experience in concession application work on the NCS. He continued in DNO and DNO International where he acted as Chief Geologist and Director Subsurface for more than 10 years. During this period he was instrumental in building up DNO’s Norwegian portfolio which later proved to contain fields like Johan Sverdrup and Ivar Aasen. He was also heavily involved in the discovery and development of the giant Tawke Field in the Kurdistan region of Iraq. Ståle Monstad joins Green Minerals from the position of Chief Geologist Aker BP/Senior Vice President Exploration Aker Energy.

Mr Monstad has been granted 200,000 warrants with a strike price of NOK 28 per share. The warrants may be exercised after three years of service to the Company.

Contacts: Ståle Rodahl

Executive Chairman

Ph: +47 4840 0593