Southern Greenland Continues to Emerge as a Globally Significant Rare Earth Jurisdiction

Southern Greenland is rapidly gaining international recognition as one of the world's most prospective regions for rare earth exploration and development. Growing demand for secure, non-Chinese supplies of critical minerals has increased global attention on the Gardar Alkaline Province, where several companies are actively advancing rare earth projects.

Recent developments have further highlighted the region's growing importance. Critical Metals continues to advance the globally significant Tanbreez Rare Earth Project following the consolidation of project ownership and commercial progress, while Amaroq has recently commenced its maiden drilling program at the Ilua Rare Earth Project in southern Greenland, targeting a large pegmatite-hosted rare earth system.

Against this backdrop, Dalaroo's 100%-owned Blue Lagoon Rare Earth Project is progressing through an expanded 2026 exploration program focused on understanding the complete rare earth mineral system. Ongoing geological mapping has identified multiple fertile intrusive phases, including alkaline granites, aplite sills and pegmatites, while extensive sediment sampling and geophysical surveys continue to strengthen the Company's source-to-sink exploration model.

The increasing concentration of exploration and development activity across Southern Greenland reinforces the region's strategic importance to future global critical mineral supply chains. As Blue Lagoon continues to advance, Dalaroo is well positioned within one of the most exciting emerging rare earth provinces in the world, with systematic exploration aimed at delivering future drill targets and unlocking the project's long-term potential.