Mr. Eldur Olafsson reports

DIRECTOR/PDMR SHAREHOLDING

Amaroq Minerals Ltd. has been informed that Eldur Olafsson, chief executive officer, acquired 59,800 common shares of no par value in the company. This brings Mr. Olafsson's total holding to 9,108,918 shares, 3.45 per cent of the capital in Amaroq.

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 corporation'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 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 AS, incorporated under the Greenland Public Companies Act.