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ABOUT GREENLAND MINERALS AND ENERGY LTD.

Greenland Minerals and Energy Ltd (ASX: GGG) is an exploration and development company focused on developing high-

quality mineral projects in Greenland. The Company’s flagship project is the Kvanefjeld multi-element deposit (rare earth

elements, uranium, zinc). A pre-feasibility study was finalised in 2012, and a comprehensive feasibility study was

completed in May, 2015. The studies demonstrate the potential for a large-scale, long-life, cost-competitive, multi-element

mining operation. An exploitation (mining) license application for the initial development strategy was completed in 2015.

In 2016, GMEL is focussed on working closely with Greenland’s regulatory bodies on the processing of a mining license

application, and maintaining regular stakeholder updates. A greater emphasis will also be placed on commercial

development and progressing the dialogue with strategic partners. In addition, the Company will look to further value add

initiatives afforded by the extensive resource inventory and prospective license holding.

Dr John Mair

David Tasker

Christian Olesen

Managing Director

Professional PR

Rostra Communication

+61 8 9382 2322

+61 8 9388 0944

+45 3336 0429

Greenland Minerals and Energy Ltd will continue to advance the Kvanefjeld project in a manner that is in accord with both

Greenlandic Government and local community expectations, and looks forward to being part of continued stakeholder

discussions on the social and economic benefits associated with the development of the Kvanefjeld Project.

Competent Person Statement – Mineral Resources and Ore Reserves

The information in this report that relates to Mineral Resources is based on information compiled by Mr Robin Simpson, a

Competent Person who is a Member of the Australian Institute of Geoscientists. Mr Simpson is employed by SRK Consulting

(UK) Ltd (“SRK”), and was engaged by Greenland Minerals and Energy Ltd on the basis of SRK’s normal professional daily

rates. SRK has no beneficial interest in the outcome of the technical assessment being capable of affecting its independence.

Mr Simpson has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration

and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian

Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Robin Simpson consents to the inclusion in

the report of the matters based on his information in the form and context in which it appears.

The information in the statement that relates to the Ore Reserves Estimate is based on work completed or accepted by Mr

Damien Krebs of Greenland Minerals and Energy Ltd and Mr Scott McEwing of SRK Consulting (Australasia) Pty Ltd.

Damien Krebs is a Member of The Australasian Institute of Mining and Metallurgy and has sufficient experience that is

relevant to the type of metallurgy and scale of project under consideration, and to the activity he is undertaking, to qualify

as Competent Persons in terms of The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore

Reserves (JORC Code, 2012 edition). The Competent Persons consent to the inclusion of such information in this report in

the form and context in which it appears.

Scott McEwing is a Fellow and Chartered Professional of The Australasian Institute of Mining and Metallurgy and has

sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration, and to the

activity he is undertaking, to qualify as Competent Persons in terms of The Australasian Code for Reporting of Exploration

Results, Mineral Resources and Ore Reserves (JORC Code, 2012 edition). The Competent Persons consent to the inclusion of

such information in this report in the form and context in which it appears.

The mineral resource estimate for the Kvanefjeld Project was updated and released in a Company Announcement on

February 12

th

, 2015. The ore reserve estimate was released in a Company Announcement on June 3

rd

, 2015. There have

been no material changes to the resource estimate, or ore reserve since the release of these announcements.