Extractive Sector Transparency Measures Act - Annual Report

Reporting Entity Name

Maritime Resources Corp.

Reporting Year

From

1/1/2025

To:

12/31/2025

Date submitted

5/24/2026

Reporting Entity ESTMA Identification Number

E277169

Original Submission
Amended Report

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​

​

Other Subsidiaries Included
(optional field)

Not Consolidated

Not Substituted

Attestation by Reporting Entity

In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.

Full Name of Director or Officer of Reporting Entity

Hashim Ahmed

Date

5/24/2026

Position Title

 CFO

Extractive Sector Transparency Measures Act - Annual Report

Reporting Year

From:

1/1/2025

To:

12/31/2025

Reporting Entity Name

Maritime Resources Corp.

Currency of the Report

CAD

Reporting Entity ESTMA Identification Number

E277169

Subsidiary Reporting Entities (if necessary)

Payments by Payee

Country

Payee Name¹

Departments, Agency, etc… within Payee that Received Payments²

Taxes

Royalties

Fees

Production Entitlements

Bonuses

Dividends

Infrastructure Improvement
Payments

Total Amount paid to
Payee

Notes³⁴

Canada -Newfoundland and Labrador

Town of King's Point

​

20,000

​

​

​

​

​

169,936

189,936

​

Canada -Newfoundland and Labrador

Government of Newfoundland and Labrador

Mineral Lands Division

​

​

520,781

​

​

​

​

520,781

Land Claims

Canada -Newfoundland and Labrador

Government of Newfoundland and Labrador

Environment, Conservation and Climate Change

​

​

11,490

​

​

​

​

11,490

Water use, permitting

Canada -Newfoundland and Labrador

Town of Baie Verte

​

32,008

​

​

​

​

​

​

32,008

​

Canada -Newfoundland and Labrador

Town of Ming's Bight

​

7,500

​

​

​

​

​

​

7,500

​

 Canada -Newfoundland and Labrador

Government of Newfoundland and Labrador 

 Department of Finance

4,067

4,067

HAPSET

Canada -Newfoundland and Labrador 

 WorkPlaceNL

53,139

53,139

Worker Compensation

 Canada -Newfoundland and Labrador

Central Regional Health Authority 

6,460

 6,460

Worker Medical Assessments

​

​

Additional Notes:

Extractive Sector Transparency Measures Act - Annual Report

Reporting Year

From:

1/1/2025

To:

12/31/2025

Reporting Entity Name

Maritime Resources Corp.

Currency of the Report

CAD

Reporting Entity ESTMA Identification Number

E277169

Subsidiary Reporting Entities (if necessary)

Payments by Project

Country

Project Name¹

Taxes

Royalties

Fees

Production Entitlements

Bonuses

Dividends

Infrastructure
Improvement Payments

Total Amount paid by Project

Notes²³

Canada -Newfoundland and Labrador

 Argyle

-

-

17,503

-

-

-

-

17,503

Canada -Newfoundland and Labrador

 Deer Cove

 -

-

1,452

-

-

-

-

1,452

Canada -Newfoundland and Labrador

 Green Bay

 -

-

79,186

-

-

-

-

79,186

Canada -Newfoundland and Labrador

 Hammerdown 

24,067

-

59,173

-

-

-

169,936

253,176

Canada -Newfoundland and Labrador

 Lochinvar

 -

-

3,798

-

-

-

-

3,798

Canada -Newfoundland and Labrador

 Orion 

 -

-

36,939

-

-

-

-

36,939

Canada -Newfoundland and Labrador

 Penny Cove

 -

-

41,570

-

-

-

-

41,570

Canada -Newfoundland and Labrador

 Pine Cove

 -

-

81,038

-

-

-

-

81,038

Canada -Newfoundland and Labrador

 Point Rousse

39,508

-

94,361

-

-

-

-

133,870

Canada -Newfoundland and Labrador

 Stoger Tight

 -

-

15,680

-

-

-

-

15,680

Canada -Newfoundland and Labrador

 Whisker Valley

 -

-

161,169

-

-

-

-

161,169

Additional Notes³:

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