REG-Amaroq Files Technical Report for its Nalunaq Property

Amaroq MineralsAnnouncement

20/05/2025 22:30

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Reykjavík, May 20, 2025 (GLOBE NEWSWIRE) -- ("Amaroq" or the "Company")

Amaroq Files Technical Report for its Nalunaq Property

TORONTO, ONTARIO – May 20, 2025 – Amaroq Minerals Ltd. (AIM, TSXV, NASDAQ
Iceland: AMRQ), an independent mining company with a substantial land package
of gold and strategic mineral assets in Southern Greenland, is pleased to
announce that it has filed on SEDAR+ an independent technical report in
respect of its Nalunaq property.

The independent technical report in respect of the Nalunaq property entitled
"Technical Report on the Updated Mineral Resource Estimate (MRE4) of the
Nalunaq Gold Mine, Greenland" is dated May 19, 2025, with an effective date of
May 12, 2025, was prepared by or under the supervision of James McFarlane, BSc
(Hons), MSc, MCSM, CGeol FGS, FNEIMME, CEng QMR FIMMM, RPGeo MAIG, FIQ of Bara
Consulting (UK) Ltd., and supports the disclosure made by the Company in its
news release dated March 28, 2025.

The technical report has been filed in accordance with National Instrument
43-101 – Standards of Disclosure for Mineral Projects. A copy of the
technical report is available under the Company's issuer profile on SEDAR+
(www.sedarplus.ca).

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

Ed Westropp, Head of Business Development and Corporate Affairs
ewe@amaroqminerals.com

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

Panmure Liberum Limited (Nominated Adviser and Corporate Broker)
Scott Mathieson
Nikhil Varghese
+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

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

Further Information:

About Amaroq Minerals
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 Minerals 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