Please find enclosed the Green Minerals AS fourth quarter 2021 report and
presentation.

Highlights:
•Preparations for the first research cruise, expected to commence in March 2022
•Intensifying work internationally
•Developing a comprehensive exploration framework
•A key project on a mineralogy study was initiated. The project will commence in
Q1 2022 with results expected in the 2nd half of 2022
•The Company has developed an industry leading framework for ESG reporting to be
presented in the 2021 Annual Report
•Ståle Monstad named CEO

The Company will present an update including their financial results for the
fourth quarter of 2021 today at 10:00 CET. The presentation will be transmitted
live and a recorded version will be available shortly thereafter. Please use the
following link to join the webcast:

https://teams.microsoft.com/l/meetup-join/19%3ameeting_OWM4ZWNlNmItNWFiNy00MTYyL
WExNmItMWI0MDU0NDljNWJj%40thread.v2/0?context=%7b%22Tid%22%3a%2265f51067-7d65-4a
a9-b996-4cc43a0d7111%22%2c%22Oid%22%3a%22473e7d3b-5f4f-4129-845f-e97d4b42a85e%22
%2c%22IsBroadcastMeeting%22%3atrue%7d&btype=a&role=a

ABOUT GREEN MINERALS:
Green Minerals AS is a pioneer in marine minerals on the Norwegian Continental
Shelf. Our mission is to deliver minerals for the green energy transition in a
responsible and sustainable manner, thereby lowering the environmental impact
and reducing the social costs from onshore mining. The Company targets a NOK
1000bn resource potential on the NCS and expects pilot production to commence in
2026. For more, visit www.greenminerals.no

Contacts:
Erik von Krogh
CFO
Ph: +47 930 38 075

  554254_Q4 2021 Report.pdf
  554254_Q4 2021 Presentation.pdf