Mr. Eldur Olafsson reports

AMAROQ ANNOUNCES STRENGTHENING OF SUSTAINABILITY APPROACH THROUGH PARTNERSHIP WITH ERM

Further work is under way to strengthen Amaroq Minerals Ltd.'s approach to sustainability in support of its purpose to create a Greenlandic legacy.

The company has appointed ERM International Group Ltd., one of world's largest advisory firm focused solely on sustainability, to conduct a strategic review of its approach to sustainability management and performance.

ERM partners with clients to operationalize sustainability at pace and scale through a unique combination of strategic transformation and technical delivery capabilities. Its global team of experts works with the world's leading organizations to help them set clear sustainability targets, measure progress and operationalize strategy through deep implementation and business transformation.

The work is being led by Joan Plant, who was recently appointed as executive vice-president and is now a member of the company's executive team.

Joan Plant, executive vice-president of Amaroq, said: "Sustainability is at the heart of Amaroq's purpose to create a Greenlandic legacy. We are excited to be partnering with ERM to strategically review our sustainability approach and we look forward to working with them to implement our vision to support the energy transition and deliver sustainable development in Greenland."

About Amaroq Minerals Ltd.

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-per-cent interest in the Nalunaq project, an advanced-exploration-stage property with an exploitation licence, including the previously operating Nalunaq gold mine. The corporation has the largest portfolio of gold and strategic metal assets in Greenland covering the two known gold belts in the region. Amaroq Minerals is incorporated under the Canada Business Corporations Act and wholly owns Nalunaq AS, incorporated under the Greenland Public Companies Act.