REG-Director/PDMR Shareholding

AmaroqAnnouncement

Wed 07:00

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Reykjavík, Sept. 03, 2025 (GLOBE NEWSWIRE) -- (“Amaroq” or the
“Company”)

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

TORONTO, ONTARIO – 3 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 was
informed that Eldur Olafsson, CEO of the Company, and Ellert Arnarson, CFO of
the Company, acquired 95,693 and 45,000 common shares of no par value in the
Company, respectively.

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:                                                                                1) Eldur Olafsson 2) Ellert Arnarson                                                                                                                                        
 2.  Reason for the notification                                                                                                                                                                                                                                      
 a)  Position/status:                                                                     1) Chief Executive Officer 2) Chief Financial Officer                                                                                                                       
 b)  Initial notification/Amendment                                                       Initial notification                                                                                                                                                        
 3.  Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor                                                                                                                                                    
 a)  Name                                                                                 Amaroq 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:  1) Depositary receipts representing Common shares of no par value in Amaroq Ltd 2) Common shares of no par value in Amaroq Ltd.   ISIN: 1) IS0000034569 2) CA02311U1030     
 b)  Nature of the transaction:                                                           Purchase of depository receipts and common shares.                                                                                                                          
 c)  Price(s) and volume(s):                                                              Price(s)                                                                              Volume(s)                                                                             
     1) ISK 104.5 2) CAD 1.25                                                                                                                                                   95,693 45,000                                                                         
 d)  Aggregated information: * Aggregated volume:                                         1) 95,693; ISK 104.5 2) 45,000; CAD 1.25                                                                                                                                    
     * Average price:                                                                                                                                                                                                                                                 
 e)  Date of the transaction(s):                                                          September 02, 2025                                                                                                                                                          
 f)  Place of the transaction                                                             1) XICE 2) TSXV                                                                                                                                                             

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