GreenRoc Mining plc / EPIC: GROC / Market: AIM / Sector: Mining

14 April 2023

GreenRoc Mining plc

("GreenRoc" or the "Company")

Grant of Share Options

GreenRoc Mining Plc (AIM: GROC), a company focused on the development of critical mineral projects in Greenland, announces the grant on 14 April 2023 of 300,000 share options over new ordinary shares in the Company ("Options") to each of Mark Rachovides and Lars Brünner, Non-Executive Directors of the Company, as follows:

Neither Mr Brünner nor Mr Rachovides has previously been awarded share options by the Company.  The terms of these awards mirror the share option award which was made to Mr Mark Austin, the Company's other Non-Executive Director, upon the Company's admission to trading on AIM in September 2021.

The Options are awarded subject to the terms, conditions and rules set out in the GreenRoc Mining Plc Long Term Incentive Plan (the "LTIP Rules").  Subject as aforesaid, the Options shall be exercisable at the exercise price and from the vesting dates set out above, unless an earlier event occurs to cause them to become exercisable or to lapse under the LTIP Rules.  The Options shall lapse on 28 September 2026, to the extent they are not exercised before then and provided no event occurs to cause them to lapse earlier under the LTIP Rules.

**ENDS**

For further information, please contact:

About GreenRoc

GreenRoc Mining plc is an AIM-quoted company which is developing mining projects in Greenland in critical, high-demand and high-value minerals.

Led by a group of highly experienced mining industry professionals, GreenRoc has a portfolio of 100% owned projects all of which have defined Resources:

·     Amitsoq Graphite Project, one of the highest-grade graphite deposits in the world with a combined Measured, Indicated and Inferred JORC Resource of 23.05 million tonnes (Mt) at an average grade of 20.41% graphite, giving a total graphite content of 4.71 Mt;

·     Thule Black Sands Ilmenite Project ('TBS'), which has an initial Mineral Resource of 19Mt at 43.6% Total Heavy Minerals with an in-situ ilmenite grade of 8.9%; and

·     Melville Bay Iron Project, which has a Mineral Resource Estimate of 67Mt at 31.4% iron and has been proven to be processable to a high-grade, 70% concentrate with low impurities.