CODE OF ETHICS

1. INTRODUCTION

This Code of Ethics and Conduct outlines the company’s responsibilities, commitments, and expectations towards its stakeholders, including partners, employees, clients, suppliers, authorities, and communities, as well as what is expected from them. The guidelines described aim at achieving sustainable and ethical performance, encompassing the protection of human and labor rights within our internal community from all aspects of the business. As a socially responsible company, we provide favorable conditions for work activities, respecting and acknowledging the free expression of ideas and contributions from each of our collaborators. Adhering to these guidelines and embodying our values with the utmost attitude and willingness form the foundations to achieve the goals set forth in our mission and vision.

2. MISSION, VISION AND VALUES

MISSION

To provide drilling services supported by the best technology, specialized personnel, and a commitment to customer satisfaction. We offer high standards of quality, safety, environmental protection, and innovation, which contribute to better addressing the needs and interests of our stakeholders through providing solutions, generating economic benefits, and adding social value.

VISION

Position Globexplore Drilling as a leading mining drilling company with high standards of international competence for the quality of its drilling services. It is recognized for its integrity, performance in work, and sustainable management. We aim to be the prime business opportunity for investors.

VALUES

• RESPONSIBILITY

We commit to acting with honesty and transparency, doing what is right even if it entails economic disadvantage for the business. We treat employees and business partners fairly and respectfully, always fulfilling our established commitments.

• RESPECT

We deeply respect our customers, suppliers, internal community, and all with whom the company interacts. We consistently conduct ourselves ethically and considerately toward them.

• HONESTY

We clearly communicate our policies and procedures to our stakeholders, consistently acting truthfully, transparently, and legally. We deliver the highest quality results, working efficiently and with a strong sense of responsibility toward our customers, suppliers, internal team, government, community, and other stakeholders.

3. COMMITMENTS

3.1 TO THE STAFF

Each department leader must provide all necessary resources to their personnel, objectively evaluate them, respect and acknowledge their achievements, and foster skill development, earning their respect through good treatment and trust. To carry out their tasks, employees should receive clear and precise information about their responsibilities per the job description for each role. Upon joining the company, they will also receive an orientation course and annual reorientation. It’s important to note that only individuals authorized by the Management may represent the company before clients and authorities, even in seminars, fairs, and exhibitions. Any instance of intolerance, be it discrimination, violence, or harassment of any kind, whether experienced or witnessed, should be reported to the Ethics Committee through the reporting channels described later in this Code.

PROTECTION OF HUMAN RIGHTS

The company regards its employees as individuals with integrity who will treated with dignity, fairness, and equity. A healthy and supportive work environment is maintained, enhancing their personal growth. Freedom of association and the right to organize collectively are permitted. We act according to internal values and policies, always respecting human rights and promoting kind and courteous treatment with our staff and residents in the communities where the company’s projects are located. Discrimination or inappropriate employee treatment based on political opinions, social background, race, religion, gender, age, nationality, sex, disability status, medical condition, or any other characteristic will not be tolerated.

HARASSMENT

For Globexplore Drilling, it is essential to emphasize that harassment in its various forms, such as mobbing, harassment, language, or behaviors that may be intimidating, discriminatory, and offensive, is not tolerated. Such behaviors are not allowed within or outside our workplace, and neither is any form of abuse or coercion towards staff nor an individual’s success dependent on favoritism or bribes.

Sexual harassment may include, but is not limited to, the following:

• Preferential treatment or promises of special treatment in exchange for favors.
• Displaying, exhibiting, or sending signals, objects, photographs, magazines, letters, or notes with pornographic and obscene messages.
• Suggestive or degrading jokes or comments.
• Unwanted physical approaches or lewd stares.

Any situation detected or of which one is a victim should be reported to the Ethics Committee, either in person or through the established communication channels.

PREVENTION AND ERADICATION OF CHILD LABOR

The company expressly prohibits child labor in all its forms. We firmly believe that education is a cornerstone of our society, and we must all work harder in this regard. At Globexplore Drilling, we seek ways to promote the educational development of children within our families and the communities where we operate, with the goal of keeping them in classrooms.
As part of our commitment to prevent and eradicate child labor, we reject forced or compulsory labor, physical punishments, and child labor, thus respecting fundamental human rights. We require that no child labor be involved in the services provided to us within the value chain. We take responsibility for adhering to these hiring principles within our company and encourage our suppliers and contractors to align their actions to prevent and eliminate child labor.
As a testament to our dedication, our company is committed to providing our services in accordance with international standards.

3.2 ANTI-CORRUPTION

Globexplore Drilling advocates and encourages ethical business practices, integrity, and collaboration with its stakeholders, expressly prohibiting illegal practices. The anti-corruption policy, disseminated throughout all company operations, is explained to employees to ensure compliance and prevent involvement in acts of corruption or conflicts of interest, regardless of their role. In the event that such situations arise, the use of reporting channels is encouraged to initiate an investigation. If it is proven that individuals involved are in violation of the law or internal policies, they will be subject to sanctions. or, if necessary, reported to the authorities.

ILLEGAL BUSINESS AND BLACK MARKET ACTIVITIES

Globexplore Drilling promotes and upholds ethical business practices, integrity, and collaboration with its stakeholders, explicitly prohibiting illegal practices. The anti-corruption policy, disseminated across all company locations, is explained to employees to ensure adherence and prevent engagement in corruption or conflicts of interest, regardless of their position. In the event that such circumstances arise, employees are encouraged to utilize the reporting channels to initiate an investigation. If it is substantiated that individuals are contravening the law or internal policies, they will face sanctions or, if warranted, legal action will be taken. This company has mechanisms in place that oversee and promote transparent and honest conduct, including the dissemination of the prohibition of illegal business activities by its employees, suppliers, and other stakeholders. Employees are not authorized to accept the purchase of products and/or services of illicit or questionable origin. Likewise, they are prohibited from using new materials in storage or returning from projects for personal sale and/or use.

BRIBERY

Globexplore Drilling prohibits all offers, incentives, promises, or monetary payments to secure an advantage or benefit with clients or suppliers. Likewise, the promotion of bribery to government institutions to expedite procedures will not be endorsed. Employees are prohibited from receiving in-kind or monetary favors in Exchange for promoting a colleague, ensuring transactions, or facilitating the operation of illegal businesses, whether with suppliers or other external entities. It is crucial to understand that Globexplore Drilling prohibits and penalizes any form of behavior related to bribery and corruption.

CONFLICTS OF INTEREST

Employees of this company are expected to consistently act with honesty, integrity, responsibility, and respect, refraining from using their position within the company to directly favor contractors, suppliers, clients, or any external entities. While under a contractual relationship, employees are not permitted to work for or have a direct or indirect employment relationship with other companies or competitors. Unless authorized by senior management, direct family members cannot be hired to work within the same departments where one reports hierarchically to another.

FAMILY RELATIONSHIPS WITH CONFLICTS OF INTEREST

First-degree relatives (parents, children, siblings) are not hired within the company for managerial or executive positions unless they are assigned to different departments and have the authorization of the Management. Relatives of employees hired for operational roles may not be dependent on one another or belong to the same department except with approval from Management. Even during the job interview, the Human Resources department must inquire to determine if the applicant has any relatives in the company. Employees should not involve themselves in matters where there is a personal interest, meaning they stand to gain benefits for themselves, their direct or indirect family members, or friends.

MANAGEMENT OF CONFLICTS OF INTEREST

The Ethics Committee will be responsible for addressing any conflict of interest situations, determining how to manage the situation, and drafting a proposal for presentation to Management to ensure appropriate follow-up.

REPORTING CONFLICTS OF INTEREST

An employee encountering a conflict of interest must notify the Ethics Committee for support and analysis of the situation. This report will be submitted via email, suggestion/complaint boxes, or by discussing it with their Immediate Supervisor or a member of the Ethics Committee.

3.3 CONFIDENTIALITY

All staff members are responsible for confidentially safeguarding company information, using it only for necessary work-related purposes. It is strictly forbidden to disclose, by any means, confidential information about personnel, clients, suppliers, or the company to third parties, both during and after their employment contract. The company provides privacy notices for using information and confidentiality agreements for handling information related to our personnel and third parties, such as clients and suppliers.

3.4 PARTNERS, SHAREHOLDERS, AND EXECUTIVES

We fully comply with obligations and commitments that ensure fair distribution of remuneration. We undertake administrative actions accurately, transparently, promptly, and in accordance with the actual financial situation of the company, informing stakeholders, shareholders, and executives of relevant aspects.

3.5 CLIENTS

PGlobexplore Drilling ensures that clients always receive fair, clear, respectful, and cordial treatment. We responsibly fulfill each of the agreed-upon contracts, which are regularly reviewed to ensure compliance with contracting principles. We ethically evaluate and promptly manage any changes that could have a negative impact on these contracts, providing all information to clients in a clear and transparent manner.