Mr. Eldur Olafsson reports

AMAROQ ANNOUNCES COMPLETION OF CONTINUANCE AND DIRECTORSHIP CHANGE

Amaroq Minerals Ltd. has completed its continuance from the Canada Business Corporations Act into the Province of Ontario under the Business Corporations Act (Ontario). The Continuance was approved by a special resolution of shareholders at the Company's Annual and Special Meeting held on June 14, 2024.

With the Company having completed the Continuance, the requirement of the Canada Business Corporations Act that at least one-quarter of the directors must be resident Canadians no longer applies, and as such Sander A.J.R. Grieve has stepped down from the Company's Board of directors. The Board believes that the remaining directors maintain a strong and well-balanced mix of skills, competencies, and diverse backgrounds, ensuring continued effective governance. As such, the Board does not currently intend to appoint an additional director and believes it is well-positioned to continue delivering value to all stakeholders.

About Amaroq Minerals

Amaroq Minerals' principal business objectives are the identification, acquisition, exploration, and development of gold and strategic metal properties in South Greenland. The Company's principal asset is a 100% interest in the past producing Nalunaq Gold mine which is due to go into production towards the end of 2024. The Company has a portfolio of gold and strategic metal assets in Southern Greenland covering the two known gold belts in the region as well as advanced exploration projects at Stendalen and the Sava Copper Belt exploring for Strategic metals such as Copper, Nickel, Rare Earths and other minerals. Amaroq Minerals is continued under the Business Corporations Act (Ontario) and wholly owns Nalunaq A/S, incorporated under the Greenland Public Companies Act.