Greenland Resources Concludes Successful Summer Field Program

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TORONTO — Greenland Resources Inc. (TSX:MOLY | FSE:M0LY) (“Greenland Resources” or the “Company”) is pleased to announce that further to its August 24, 2026 press release, the summer field program was expanded and successfully completed on schedule on September 17, 2026. The program included 33 professionals from Austria, Canada and Greenland, including participants from the nearby community of Ittoqqortoormiit. Results from the summer work program will support detailed project engineering and enable procurement of key equipment and construction contracts.

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The Company also wishes to inform that Greenland Resources A/S received a partial payment of €163,025 (C$261 thousand) under the EU Horizon Europe investment program previously announced in its May 21, 2026 press release. The grant relates to the BOREAS project led by Luleå University of Technology in Sweden, which aims to develop autonomous robotic systems to support certain aspects of the Malmbjerg project in Greenland. The other EU Horizon Europe investment program on €50 million, announced on April 27, 2026, remains ongoing.

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Highlights

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Scope of Work

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Underhill Geomatics of Burnaby, B.C., Canada provided onsite surveying services by positioning survey stations across the Malmbjerg claim, giving specialists accurate locations for their field programs. In areas requiring access support, mountain guides secured the work sites so surveyors could install survey pins marking features such as RopeCon transfer stations and towers. The surveyors also worked closely with other consultants to confirm precise field locations.

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Frontier Geoscience Inc. of Vancouver assessed glacier geometry primarily through seismic and TEM geophysical surveys of glaciers, moraines and alluvium. The surveys examined subsurface composition and structure to help determine how best to manage RopeCon infrastructure, the waste rock pile, roadway structures and other planned infrastructure.

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Drone frequency technology was employed by Georesearch Forschungsgesellschaft mbH, Austria, who are specialists in surface and subsurface mapping using drone-based photogrammetry and geophysics. The program focused was on assessing glacier ice thickness as well as internal structure with ground penetrating radar required to do detailed engineering. Drone-based photogrammetry was used for mapping geological structures and GIS applications for further geotechnical investigations.

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Doppelmayr Transport Technology GmbH, Wolfurt, Austria personnel together with the surveyors and geotechnical team conducted optimization work on mountain and valley topographies from the loadout facility and planned concentrator located at tidewater. The work included: i) Inspection of the RopeCon routing survey monuments from the RopeCon loadout to the tidewater terminus; ii) Inspection of the transfer stations and tower locations as specified in the optimized 2026 routing; iii) Inspection of the topography along section 2 to reduce the number of towers; iv) Ground proofed the routing from section 3 to tidewater terminus with the geotechnical team, surveyors and mountain guides; v) Doppelmayr ground proofing exercise resulted in reducing the number of support structures located near the terminus.

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BGC Engineering Inc., Vancouver, B.C., Canada provided geotechnical and glacier engineering consulting services. Their site program comprised of interrogating the glacier environments to determine the engineering requirements for establishing the proposed construction and operational infrastructure in such challenging locations. The company reviewed the planned consultants’ activities to ensure the information collect from the programs meet their requirements in advancing the project.

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As part of the planned metallurgical pilot plant program funded through the Government of Canada to test molybdenum, magnesium and rare earth elements, the Company’s geological consultants collected 8 tonnes of selected diamond drill core, based on the initial 10-year molybdenum feed grade, and 14 tonnes of saline and fresh water for metallurgical testing. The material and water will be shipped to SGS Lakefield Vancouver for the planned pilot plant program, and the Company will provide updates as the work advances.

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About Greenland Resources

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Greenland Resources is a publicly listed Canadian and Greenlandic company developing Malmbjerg, a world-class Climax-type primary molybdenum deposit near tidewater in east-central Greenland. The project has a NI 43-101 Definitive Feasibility Study produced by Tetra Tech, a 30-year molybdenum and magnesium exploitation licence, an environmentally responsible mine design, and binding long term offtake agreements with major EU steel producers. Proven and probable reserves total 245 million tonnes grading 0.176% MoS₂, containing 571 million pounds of molybdenum. As the high-grade molybdenum is mined for the first half of the mine life, the average annual production for years one to ten is 32.8 million pounds per year of contained molybdenum metal at an average grade of 0.23% MoS₂, approximately 25% of EU total yearly consumption and 100% of EU defence needs. For more information, visit www.greenlandresources.ca or view the Company’s Canadian regulatory filings at www.sedarplus.com.