REG-Director/PDMR Shareholding

Amaroq MineralsAnnouncement

26/06/2025 16:30

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Reykjavík, June 26, 2025 (GLOBE NEWSWIRE) -- (“Amaroq” or the
“Company”)

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

TORONTO, ONTARIO – June 26, 2025 – Amaroq Minerals Ltd. (AIM, TSXV, NASDAQ
Iceland: AMRQ), an independent mine development corporation focused on
unlocking Greenland’s mineral potential, announces that it was informed that
Joan Plant, Executive VP, sold 220,000 common shares of no par value in the
Company to cover taxes related to the vesting of shares granted under the
Company’s Restricted Share Unit Plan.

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:                                                                                              Joan Plant                                                                                         
 2.  Reason for the notification                                                                                                                                                                           
 a)  Position/status:                                                                                   Executive Vice President                                                                           
 b)  Initial notification/Amendment                                                                     Initial notification                                                                               
 3.  Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor                                                                                         
 a)  Name                                                                                               Amaroq Minerals 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:                Common shares of no par value in Amaroq Minerals Ltd.   ISIN: IS0000034569                         
 b)  Nature of the transaction:                                                                         Sale to cover taxes related to the vesting of shares granted under the RSU Plan                    
 c)  Price(s) and volume(s):                                                                            Price(s) Volume(s) 1) ISK 135 175,000 2) ISK 132.5 45,000                                          
 d)  Aggregated information: * Aggregated volume:                                                       220,000 ISK 134.489                                                                                
     * Average price:                                                                                                                                                                                      
 e)  Date of the transaction(s):                                                                        1) June 24, 2025 2) June 26, 2025                                                                  
 f)  Place of the transaction                                                                           XICE                                                                                               

Enquiries:

Amaroq Minerals 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
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:

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