REG-Company name change to Amaroq Ltd.

Amaroq Minerals(Pre-Reincorporation)Announcement

08/07/2025 07:00

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Reykjavík, July 08, 2025 (GLOBE NEWSWIRE) -- (“Amaroq” or the
“Corporation” or the “Company”)

Company name change to Amaroq Ltd.

TORONTO, ONTARIO - 08 July, 2025 – Amaroq Minerals Ltd. (AIM, TSXV, NASDAQ
Iceland: AMRQ), an independent mine development corporation focused on
unlocking Greenland’s mineral potential, announces that, following
shareholder approval of a special resolution at Amaroq’s annual general and
special meeting held on June 13, 2025 to change the name of the Company, it
plans to file Articles of Amendment to change its name to Amaroq Ltd. on July
14, 2025. The name change will be effective July 15, 2025 and is subject to
acceptance from the TSX Venture Exchange.

Effective at the start of trading on or about July 17, 2025, the Company will
commence trading under the new name on the TSX Venture Exchange, AIM, NASDAQ
Iceland and OCTQX.

The Company will continue to trade under the ticker symbol "AMRQ" on TSX
Venture Exchange, AIM, NASDAQ, as well as “AMRQF” on the OTCQX.

The new CUSIP number is 02311U103 and the new ISIN for the common shares is
CA02311U1030.
The ISIN for Icelandic Depositary Receipts (IDRs) traded on Nasdaq Iceland
remains IS0000034569.

There is no consolidation of share capital. Shareholders are not required to
change their existing share certificates for new certificates bearing the new
company name and Company shares held electronically will be booked
electronically. The name change does not affect the rights of the Company's
shareholders, and no further action is required by existing shareholders with
respect to the name change.

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