Greenland Resources Provides Update

Greenland Resources (TSX:MOLY | FSE: M0LY) (the “Company”) is pleased to provide an update on its summer field program in east Greenland and other activities. The program commenced on August 22 and will advance detailed engineering, optimize key mine-construction infrastructure, including the Austrian-manufactured rope conveyor, and support lenders’ due diligence reports. It will also advance activities funded by the Government of Canada and complete the final environmental work required by the Government of Greenland.

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Summer Field Program

On July 21, 2026, the Greenland Ministry of Business and Mineral Resources approved the application for the 2026 field program following consultations with the Environmental Agency for Mineral Resource Activities, the Greenlandic Police, the Ministry of Health and Persons with Disabilities and the Defence Command Denmark.