Greenland Mines Ltd

Evaluation of Disclosure Controls and Procedures

Our management has evaluated the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), as of June 30, 2026. Based on such evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that as of June 30, 2026, our disclosure controls and procedures were not effective to provide reasonable assurance that information required to be disclosed by us in the reports that we file or submit under the Exchange Act (a) is recorded, processed, summarized and reported within the time periods specified by Securities and Exchange Commission (“SEC”) rules and forms and (b) is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding any required disclosure.* *

Management has identified material weaknesses relating to inadequate accounting resources, a lack of segregation of duties, and the need for a stronger internal control environment. Management believes these material weaknesses are attributable to the small size of our accounting staff. The small size of our outsourced accounting staff may prevent us from implementing adequate controls in the future due to the cost and benefit of such remediation.

To mitigate our currently limited resources and limited number of employees, we rely heavily on direct management oversight of transactions, together with the use of external legal and accounting professionals. As we grow, we expect to increase our number of employees, which will enable us to implement adequate segregation of duties within our internal control framework.

These material weaknesses could result in a misstatement of account balances such that there is a reasonable possibility that a material misstatement of our financial statements would not be prevented or detected on a timely basis. In light of these material weaknesses, we have undertaken the following remediation activities:

These remediation efforts are ongoing, and the material weaknesses described above had not been fully remediated as of June 30, 2026. Notwithstanding the material weaknesses, management believes that our condensed consolidated financial statements for the three and six months ended June 30, 2026 are fairly stated, in all material respects, in accordance with U.S. GAAP.

Changes in Internal Control Over Financial Reporting

Except for the remediation activities described above, there were no changes in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) that occurred during the quarter ended June 30, 2026 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.