Mr. Eldur Olafsson reports

AMAROQ PUBLISHES A SUPPLEMENTARY PROSPECTUS IN CONNECTION WITH FUNDRAISING

Amaroq Minerals Ltd. has published a supplementary prospectus, consisting of a supplement to the registration document dated Sept. 12, 2023, and a securities note, along with a summary, all dated Feb. 21, 2024, related to fundraising, details of which were disclosed in announcements on Feb. 12 and Feb. 13, 2024.

The supplementary prospectus dated Feb. 21, 2024, has been approved by the Financial Supervisory Authority of the Central Bank of Iceland. The supplementary prospectus, which is written in English, has been published electronically to the company's website.

In compliance with regulatory requirements, the supplementary prospectus includes information from the management accounts for the year ended Dec. 31, 2023. That information, which is unaudited and has not previously been published, is provided in the attached table. The audited financial statements for the year ended Dec. 31, 2023, are expected to be released on March 25, 2024.

About Amaroq Minerals Ltd.

Amaroq Minerals' principal business objectives are the identification, acquisition, exploration and development of gold and strategic metal properties in Greenland.