Directorate change

Amaroq

11/03/2024 18:56

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TORONTO, ONTARIO, March 11, 2024 (GLOBE NEWSWIRE) -- (“Amaroq Minerals” or
the “Company”)

Directorate Change

TORONTO, ONTARIO – March 11, 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 Jaco Crouse has informed the Board of his intention
to take up a position at a sector investment company and to step down as Chief
Financial Officer and as a Director of the Company with effect from 3 June
2024.

The Company has initiated a process to appoint a new Chief Financial Officer
and will update the market in due course.

Eldur Olafsson, CEO of Amaroq Minerals, commented:

"On behalf of the Board and the whole team at Amaroq, I would like to thank
Jaco for the significant contribution he has made to Amaroq over the last
three years. After a period of transition, he will leave the Company in a
robust financial position and we wish him the best in his future endeavours."

Jaco Crouse, CFO of Amaroq Minerals, commented:

“I have thoroughly enjoyed my three years working with the fantastic team at
Amaroq and wish them continued success. I will be leaving the business and its
finances in healthy shape following a managed handover period to a successor."

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 Joint Broker)
Callum Stewart
Varun Talwar
Simon Mensley
Ashton Clanfield
+44 (0) 20 7710 7600 

Panmure Gordon (UK) Limited (Joint Broker)
Hugh Rich
Dougie Mcleod
+44 (0) 20 7886 2500

Camarco (Financial PR)
Billy Clegg
Elfie Kent
Charlie Dingwall
+44 (0) 20 3757 4980 

For Company updates:
Follow @Amaroq_minerals on X (Formerly known as Twitter)
Follow Amaroq Minerals Inc. 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 Greenland. The Company's principal asset is a 100% interest in
the Nalunaq Project, an advanced exploration stage property with an
exploitation license including the previously operating Nalunaq gold mine. The
Corporation has a portfolio of gold and strategic metal assets in Southern
Greenland covering the two known gold belts in the region. Amaroq Minerals is
incorporated under the Canada Business Corporations Act 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

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No. 596/2014 on Market Abuse ("UK MAR"), as
it forms part of UK domestic law by virtue of the European Union (Withdrawal)
Act 2018, and Regulation (EU) No. 596/2014 on Market Abuse ("EU MAR").


Attachment
*     AMRQ - Director Resignation Announcement - final
(https://ml-eu.globenewswire.com/Resource/Download/f1121494-bbb9-4cdd-9791-970d9fa67e29)