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).

Amaroq Minerals Ltd.

Eldur Olafsson, Executive Director and CEO

Ed Westropp, Head of Business Development and Corporate Affairs

Eddie Wyvill, Corporate Development

Panmure Liberum Limited (Nominated Adviser and Corporate Broker)

Scott Mathieson

Nikhil Varghese

Canaccord Genuity Limited (Corporate Broker)

James Asensio

Harry Rees

Camarco (Financial PR)

Billy Clegg

Elfie Kent

Fergus Young

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