Mr. Eldur Olafsson reports

DIRECTOR/PDMR SHAREHOLDING - NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES (PDMRS)

On July 11, 2024, Amaroq Minerals Ltd. was informed that Livermore Partners LLC, a company in which David Neuhauser, non-executive director of Amaroq Minerals, is managing director, acquired a total of 37,900 common shares of no par value in the company. This brings Mr. Neuhauser's indirect total holding to 14,579,124 shares, 4.45 per cent of the capital in the company.

About Amaroq Minerals Ltd.

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-per-cent interest in the past-producing Nalunaq gold mine which is due to go into production toward 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.