REG-Equity Award Grants and Payment Updates

AmaroqAnnouncement

26/09/2025 16:45

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Reykjavík, Sept. 26, 2025 (GLOBE NEWSWIRE) -- ("Amaroq" or the "Company")

Equity Award Grants and Payment Updates

TORONTO, ONTARIO – 26 September 2025 – Amaroq Ltd. (AIM, TSX-V, NASDAQ
Iceland: AMRQ, OTCQX: AMRQF), an independent mine development corporation
focused on unlocking Greenland’s mineral potential, announces that it has
granted Restricted Share Units (“RSU”) and incentive stock option awards
(“Options”) to certain employees under the Company’s equity incentive
plans.

The RSU award comprises 75,498 RSUs which will vest on the first anniversary
of the grant. The Options are exercisable for an aggregate of 23,255 common
shares at an exercise price of CAD $1.29 per share, will vest three months
from the date of grant, and will expire if they remain unexercised five years
from the date of the award.

Further to its announcements regarding the fundraising previously disclosed in
the Company’s press releases dated 11 June 2025, 12 June 2025 and 30 June
2025, the Company reports that Wavecrest Securities LLC acted as finder in
respect of the direct private placement portion of the fundraising. In
consideration for its services, Wavecrest Securities LLC received a cash
commission of C$379,276.

Enquiries:

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

Ed Westropp, Head of BD and Corporate Affairs
+44 (0)7385755711 
ewe@amaroqminerals.com

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

Panmure Liberum Limited (Nominated Adviser and Corporate Broker)
Scott Mathieson
Freddie Wooding
+44 (0) 20 7886 2500

Canaccord Genuity Limited (Corporate Broker)
James Asensio
Harry Rees
Tel: +44 (0) 20 7523 8000

Camarco (Financial PR)
Billy Clegg
Elfie Kent
Fergus Young
+44 (0) 20 3757 4980
amaroq@camarco.co.uk

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

Further Information:

About Amaroq
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% 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 A/S, incorporated under the Greenland 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 does not contain inside information