Director/PDMR Shareholding

Amaroq

17/09/2024 18:10

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Reykjavik, Sept. 17, 2024 (GLOBE NEWSWIRE) -- (“Amaroq” or the
“Company”)

Director/PDMR Shareholding - Notification of Transactions of Directors/Persons
Discharging Managerial Responsibilities (PDMRs)

TORONTO, ONTARIO – September 17, 2024 – Amaroq Minerals Ltd. (AIM, TSXV,
NASDAQ Iceland: AMRQ), an independent mine development company with a
substantial land package of gold and strategic mineral assets in Southern
Greenland, announces that it 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 12,100 common shares of no par value
in the Company. This brings David Neuhauser's indirect total holding to
14,621,924 shares, 4.47% of the capital in the Company.

DEALING NOTIFICATION FORM

FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY

AND THEIR CLOSELY ASSOCIATED PERSONS

 1.  Details of the person discharging managerial responsibilities/person closely associated                                                                                                                                                       
 a)  Name:                                                                                Livermore Partners LLC, David Neuhauser                                                                                                                  
 2.  Reason for the notification                                                                                                                                                                                                                   
 a)  Position/status:                                                                     Non-Executive Director                                                                                                                                   
 b)  Initial notification/Amendment                                                       Initial notification                                                                                                                                     
 3.  Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor                                                                                                                                 
 a)  Name                                                                                 Amaroq Minerals Ltd.                                                                                                                                     
 b)  LEI:                                                                                 213800Q21S5JQ6WKCE70                                                                                                                                     
 4.  Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted                                             
 a)  Description of the financial instrument, type of instrument:   Identification code:  Common shares of no par value in Amaroq Minerals Ltd.   ISIN: CA02312A1066                                                                               
 b)  Nature of the transaction:                                                           Purchase of common shares of no par value in Amaroq Minerals Ltd.                                                                                        
 c)  Price(s) and volume(s):                                                                                                                 Price(s)                                           Volume(s)                                          
     1)                                                                                                                                      CAD$ 1.01                                          1,100                                              
     2)                                                                                                                                      CAD$ 1.08                                          11,000                                             
 d)  Aggregated information:  * Aggregated volume:                                        12,100 CAD 1.074                                                                                                                                         
     * Average price:                                                                                                                                                                                                                              
 e)  Date of the transaction(s):                                                          1) September 13, 2024 2) September 17, 2024                                                                                                              
 f)  Place of the transaction                                                             TSXV                                                                                                                                                     

Enquiries:

Amaroq Minerals Ltd.
Eldur Olafsson, Executive Director and CEO 
eo@amaroqminerals.com

Eddie Wyvill, Corporate Development
+44 (0)7713 126727
ew@amaroqminerals.com

Stifel Nicolaus Europe Limited (Nominated Adviser and Broker)
Callum Stewart
Varun Talwar
Simon Mensley
Ashton Clanfield
+44 (0) 20 7710 7600

Panmure Gordon (UK) Limited (Joint Broker)
Scott Mathieson
Kieron Hodgson
+44 (0) 20 7886 2500

Camarco (Financial PR)
Billy Clegg
Elfie Kent
Fergus Young
+44 (0) 20 3757 4980

For Corporation updates:
Follow @Amaroq_Minerals on X (Formerly known as Twitter)
Follow Amaroq Minerals Ltd. on LinkedIn

Further Information:

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. 
Neither TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

Inside Information
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