REG-Annual Report and Notice of Meeting

Amaroq MineralsAnnouncement

15/05/2025 12:00

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Reykjavík, May 15, 2025 (GLOBE NEWSWIRE) -- (“Amaroq Minerals” or the
“Company”)

Annual Report and Notice of Meeting

TORONTO, ONTARIO – May 15, 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, announces that it
has posted its Annual Report and Financial Statements for the year ended
December 31, 2024 and Notice of Annual and Special General Meeting of
Shareholders (“Meeting”) and Management Information Circular to
shareholders.

Copies of the documents are published on the Company's website at
https://www.amaroqminerals.com/investors/annual-general-meeting-2025/ and the
documents will also be available on SEDAR+ at www.sedarplus.ca.

The Meeting will be held remotely on Friday, June 13, 2025, at 10:00 a.m.
(Toronto time). Registered shareholders and duly appointed proxyholders will
be able to participate, vote and submit questions at the virtual meeting.
Instructions on how to join the virtual meeting are set out in the Notice of
Meeting.

All individuals nominated for election to the Board are currently serving as
Directors of the Company. Non-Executive Director Liane Kelly will conclude her
service on the Board at the Meeting, and has notified the Board that she does
not intend to stand for re-election. The Board has not proposed a replacement
nominee at this time, as it considers the current composition of the Board to
be effective and well aligned with the Company’s strategic direction.

Among the resolutions, shareholders will be asked to approve a special
resolution to change the Company’s name to "Amaroq Ltd." or such other name
as the Board may determine appropriate. The proposed name change reflects the
Company’s continued strategic evolution from a pure mineral exploration
company to a broader, full-cycle mining enterprise. The Board believes that
the new name better represents the Company’s diversified asset base and
long-term vision. The change is subject to shareholder and regulatory
approval, including acceptance by the TSXV.

In addition to the above, shareholders will be voting:
* to receive and consider the financial statements of the Company for the
financial year ended December 31, 2024 together with the report of the
auditors thereon;
* re-appoint BDO Canada LLP as the auditor of the Company for the ensuing year
* to consider the Company’s stock option plan and restricted share unit plan
(the “Plans”). As the Plans are "rolling" plans, under Policy 4.4 of the
TSXV, the Company is required to obtain the approval of its Shareholders at
each annual meeting.
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 Corporation updates:
Follow @Amaroq_Minerals on X (Formerly known as Twitter)
Follow Amaroq Minerals Ltd. on LinkedIn

Further Information: 

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