Mr. Ed Westropp reports

TOTAL VOTING RIGHTS AND NOTIFICATION OF TRANSACTIONS OF A PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES (PDMR)

Following the issue of 864,806 additional common shares under Amaroq Ltd.'s share-based incentive plans, as at Dec. 2, 2025, the company's share capital consists of 454,971,459 common shares of no par value each and each with voting rights.

Given the company does not hold any common shares in treasury, this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in interest in, the share capital of the company.

About Amaroq Ltd.

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-per-cent 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 is continued under the Business Corporations Act (Ontario) and wholly owns Nalunaq A/S, incorporated under the Greenland Companies Act.