Mr. Eldur Olafsson reports

APPOINTMENT OF HEAD OF BUSINESS DEVELOPMENT AND CORPORATE AFFAIRS

Amaroq Minerals Ltd. has appointed Edward Westropp as head of business development and corporate affairs and a member of the company's executive team.

Mr. Westropp has over 20 years of experience in mining and natural resources. Most recently, as head of IR (investor relations) and communications at WE Soda Ltd. Mr. Westropp was previously vice-president of investor relations and communications at Lundin Energy SA, until its sale to AkerBP ASA in 2022. Prior to this, Mr. Westropp led the EMEA Energy & Natural Resources team at FTI Consulting. He joins Amaroq with effect from March 24, 2025.

Eldur Olafsson, chief executive officer of Amaroq, commented: "I am delighted to welcome Edward to the Amaroq team; he has a strong track record in energy and natural resources, more recently with the Lundin Group and currently with WE Soda Ltd., the world's largest natural soda ash miner. With commercial production now under way at our Nalunaq mine in Greenland, Edward will play a key role, working with me and the rest of the executive team, in capitalizing on the growth opportunities available to us as we focus our efforts in growing our mining presence, energy infrastructure and services business in order to execute on our strategy of becoming a sustainable, full-cycle mining enterprise."

Mr. Westropp, head of business development and corporate affairs, commented: "It is a very exciting time to be joining the team at Amaroq. The company is poised for growth, having established a firm platform in Greenland from which it can leverage its position as one of the most active greenfield explorers and developers in Europe."

About Amaroq Minerals Ltd.

Amaroq Minerals' principal business objectives are the identification, acquisition, exploration and development of gold and strategic metal properties in southern Greenland. The company's principal asset is a 100-per-cent interest in the operating Nalunaq gold mine. 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 AS, incorporated under the Greenland Public Companies Act.