Completion of Continuance and Directorship Change

TORONTO, ONTARIO – 24 June, 2024 – Amaroq Minerals Ltd. (AIM, TSXV, NASDAQ Iceland: AMRQ), an independent mine development corporation with a substantial land package of gold and strategic mineral assets across in Southern Greenland, announces that it has completed its continuance (the “Continuance”) from the Canada Business Corporations Act into the Province of Ontario under the Business Corporations Act (Ontario). The Continuance was approved by a special resolution of shareholders at the Company’s Annual and Special Meeting held on June 14, 2024.

With the Company having completed the Continuance, the requirement of the Canada Business Corporations Act that at least one-quarter of the directors must be resident Canadians no longer applies, and as such Sander A.J.R. Grieve has stepped down from the Company’s Board of directors. The Board believes that the remaining directors maintain a strong and well-balanced mix of skills, competencies, and diverse backgrounds, ensuring continued effective governance. As such, the Board does not currently intend to appoint an additional director and believes it is well-positioned to continue delivering value to all stakeholders.

Amaroq Minerals Ltd.

Eldur Olafsson, Executive Director and CEO

Eddie Wyvill, Corporate Development

Stifel Nicolaus Europe Limited (Nominated Adviser and Joint Broker)

Callum Stewart

Varun Talwar

Simon Mensley

Ashton Clanfield

Panmure Gordon (UK) Limited (Joint Broker)

Hugh Rich

Dougie Mcleod

Camarco (Financial PR)

Billy Clegg

Elfie Kent

Charlie Dingwall

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