Equity Award Grants and Payment Updates

TORONTO, ONTARIO – 26 September 2025 – Amaroq Ltd. (AIM, TSX-V, NASDAQ Iceland: AMRQ, OTCQX: AMRQF), an independent mine development corporation focused on unlocking Greenland’s mineral potential, announces that it has granted Restricted Share Units (“RSU”) and incentive stock option awards (“Options”) to certain employees under the Company’s equity incentive plans.

The RSU award comprises 75,498 RSUs which will vest on the first anniversary of the grant. The Options are exercisable for an aggregate of 23,255 common shares at an exercise price of CAD $1.29 per share, will vest three months from the date of grant, and will expire if they remain unexercised five years from the date of the award.

Further to its announcements regarding the fundraising previously disclosed in the Company’s press releases dated 11 June 2025, 12 June 2025 and 30 June 2025, the Company reports that Wavecrest Securities LLC acted as finder in respect of the direct private placement portion of the fundraising. In consideration for its services, Wavecrest Securities LLC received a cash commission of C$379,276.

Amaroq Ltd.

Eldur Olafsson, Executive Director and CEO

Ed Westropp, Head of BD and Corporate Affairs

Eddie Wyvill, Corporate Development

Panmure Liberum Limited (Nominated Adviser and Corporate Broker)

Scott Mathieson

Freddie Wooding

Canaccord Genuity Limited (Corporate Broker)

James Asensio

Harry Rees

Camarco (Financial PR)

Billy Clegg

Elfie Kent

Fergus Young

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