Mr. Eldur Olafsson reports

PUBLICATION OF A PROSPECTUS IN CONNECTION WITH RECENTLY ANNOUNCED FUNDRAISING

Amaroq Minerals Ltd. has published a prospectus, consisting of a registration document and a securities note, along with a summary, all dated June 27, 2025. The publication of the prospectus relates to the recently announced fundraising, details of which were released on June 11 and June 12, 2025.

The prospectus has been approved by the Financial Supervisory Authority of the Central Bank of Iceland. The prospectus, which is written in English, has been published electronically on the company's website.

About Amaroq Minerals Ltd.

Amaroq's 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 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 A/S, incorporated under the Greenland Companies Act.