Admission to Trading on the Main Market and AIM Cancellation

Admission to Trading on the Main

31 July 2026 – Amaroq Ltd. (AIM, NASDAQ Iceland: AMRQ, OTCQX: AMRQF) is pleased to announce that the Company's common shares ("Common Shares") are expected to be admitted to the equity shares (commercial companies) category of the Official List maintained by the Financial Conduct Authority ("FCA") and to trading on the main market for listed securities of London Stock Exchange plc (the “Main Market”) (together, "Admission"), and cancelled from trading on AIM at 8:00am today.

Eldur Olafsson, CEO of Amaroq Ltd., commented:

"Admission to the UK Main Market represents an important step in Amaroq's evolution as a producing mining company and reflects the significant progress we have made across our business in recent years.

“As we continue to advance our mining, exploration and infrastructure activities in Greenland, we believe a UK Main Market listing provides the appropriate platform to support our next phase of growth. The move is expected to enhance our visibility among international investors, broaden our access to long-term institutional capital and increase awareness of the opportunities we are creating in Greenland.

“We are grateful for the continued support of our shareholders and stakeholders and look forward to delivering on our strategy as a Main Market listed company."

The Rt Hon Jonathan Reynolds MP, UK Business, Innovation, Science and Trade Secretary, said:

"Amaroq’s graduation to a main listing on the London Stock Exchange is a strong vote of confidence in the UK economy and our capital markets. It reinforces London’s position as a global hub for investment.

"This is our Critical Minerals Strategy in action - forging ambitious international partnerships that strengthen our economic security and help build more resilient, sustainable critical minerals supply chains."

The Company is not offering any new Common Shares or other securities in connection with the Admission. Following Admission, the Common Shares will continue to be registered with their existing ISIN of CA02311U1030 and will continue to trade under the ticker AMRQ.

At Admission, the total number of Common Shares in issue will be 466,244,132. The Company does not hold any Common Shares in treasury and, accordingly, the total number of voting rights in the Company is 466,244,132. This figure may be used by shareholders as the denominator for the calculations by which they determine whether they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

The Company’s shareholders should consult their own professional advisers regarding the consequences of Admission.

Amaroq Ltd.

Ed Westropp, Chief Corporate Development and Strategy Officer

Citigroup Global Markets Limited (Sponsor and Corporate Broker)

Andrew Miller-Jones

David Herring

Panmure Liberum Limited (Nominated Adviser and Corporate Broker)

Scott Mathieson

Piers Shimwell

Canaccord Genuity Limited (Corporate Broker)

James Asensio

Rory Blundell

Harry Rees

Camarco (Financial PR)

Elfie Kent

Fergus Young