Mr. Ed Westropp reports

INTENTION TO TRANSITION TO THE MAIN MARKET OF THE LONDON STOCK EXCHANGE AND VOLUNTARY DELISTING FROM THE TSX VENTURE EXCHANGE

Amaroq Ltd. has applied for a voluntary delisting of its common shares from the TSX Venture Exchange. The delisting is intended to be effective as of the close of trading on March 19, 2026. The company's common shares, in the form of depositary interests issued by Computershare Investor Services PLC, will continue to trade on the AIM (Alternative Investment Market), Nasdaq Iceland and the OTCQX.

Since Amaroq obtained its secondary listings on the AIM and Nasdaq Iceland, daily trading activity in the company's common shares in Canada has represented a comparatively low level of the aggregate trading volume across all trading platforms, and, as a result of these relatively low trading volumes in Canada, the company believes that the financial costs and administrative requirements associated with maintaining its TSX-V listing are no longer justified.

Shareholder approval is not required for the delisting because the company's shares trade on the AIM and Nasdaq Iceland, which are satisfactory alternative markets in accordance with the rules and policies of the TSX-V.

Transition to the Main Market of the London Stock Exchange

As previously disclosed, Amaroq has been considering upgrading its London listing to the London Stock Exchange's Main Market for listed securities, including a listing in the equity shares (commercial companies) category of the official list of the Financial Conduct Authority and the subsequent cancellation of trading of the company's shares on the AIM, in order to access further market liquidity and broaden its investor base.

As the size and scale of the business have grown, it has become apparent that, to access the next tier of institutional support and index funds, the LSE Main Market is the most appropriate market for the company, alongside Nasdaq Iceland. The company now confirms that it intends to complete this transition in 2026 and has appointed Citigroup Global Markets Ltd. to act as sponsor and financial adviser for the process.

Additional information for shareholders on Amaroq's Canadian registrar

Following the delisting from the TSX-V, Canadian shareholders holding shares with their broker (CDS participant) and wishing to trade their shares on AIM or Nasdaq Iceland, will need such shares to be made eligible to be transferred and settled as depositary interests through Crest, the United Kingdom-based share transfer and settlement system. CDS participants may initiate instructions to Computershare Trust Company of Canada through its xSettle Web service. Shares cannot be transferred and settled through Crest until a shareholder's CDS participant broker or the shareholder initiates a cross-border request. If the shares are held in certificated or direct registration form, as applicable, shareholders may instruct Computershare to arrange for the shares to be held by a Crest participant broker. This can be done by completing a Register Removal Request -- Canada to United Kingdom form, with valid Crest participant account details, and submitting such form to Computershare by e-mail at ca.globaltransactions@computershare.com.

For any questions on this process, please contact Computershare's global transaction unit by phone at 1-877-624-5999 or by e-mail at ca.globaltransactions@computershare.com. The company intends to maintain CDS eligibility for its shares until April 30, 2026, in order to allow Canadian shareholders time to complete the process contemplated above.

Despite the delisting, the company will continue to be subject to continuing disclosure and other obligations as a reporting issuer under applicable securities legislation in Canada.

About Amaroq Ltd.

Amaroq's 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 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 is continued under the Business Corporations Act (Ontario) and wholly owns Nalunaq AS, incorporated under the Greenland Companies Act.

We seek Safe Harbor.