Mr. Eldur Olafsson reports

AMAROQ PUBLISHES PROSPECTUS IN CONNECTION WITH LISTING ON NASDAQ MAIN MARKET IN ICELAND

Amaroq Minerals Ltd. has published a prospectus in connection with its planned listing on the Nasdaq Main Market in Iceland.

The Prospectus, dated September 12, 2023 has been approved by the Financial Supervisory Authority of the Central Bank of Iceland. The Prospectus, which is written in English, has been published electronically to the company's website https://www.amaroqminerals.com/investors/documents-circulars/.

Alongside publication of the Prospectus, the Company has applied to Nasdaq Iceland for Admission. Nasdaq Iceland will announce the first day of trading with at least one day's notice.

Landsbankinn hf. Corporate Finance is acting as Project manager, listing agent and advisor on the Admission. Fossar Investment Bank hf. has advised the Company on the potential effects of the Admission on the Amaroq stock.

About Amaroq Minerals

Amaroq Minerals' principal business objectives are the identification, acquisition, exploration, and development of gold and strategic metal properties in Greenland. The Company's principal asset is a 100% interest in the Nalunaq Project, an advanced exploration stage property with an exploitation license including the previously operating Nalunaq gold mine. The Corporation has a portfolio of gold and strategic metal assets in Southern Greenland covering the two known gold belts in the region. Amaroq Minerals is incorporated under the Canada Business Corporations Act and wholly owns Nalunaq A/S, incorporated under the Greenland Public Companies Act.