Mr. Ed Westropp reports

UPDATE ON VOLUNTARY DELISTING FROM THE TSX VENTURE EXCHANGE

Further to the announcement on Feb. 18, 2026, the voluntary delisting of Amaroq Ltd.'s common shares from the TSX Venture Exchange will be effective as of close of trading today, March 19, 2026.

The company's common shares, in the form of depositary interests issued by Computershare Investor Services PLC, will continue to trade on the AIM (Alternative Investment Market), Nasdaq Iceland and the OTCQX.

Information for any Canadian shareholders

Following the delisting from the TSX-V, Canadian shareholders holding shares with their broker (CDS participant) and wishing to trade their shares on the AIM or Nasdaq Iceland will need such shares to be made eligible to be transferred and settled as depositary interests through CREST, the United Kingdom-based share transfer and settlement system. Canadian shareholders are therefore encouraged to contact their brokers to begin this process. CDS participants may initiate instructions to Computershare Trust Company of Canada through its xSettle Web service. Shares cannot be transferred and settled through CREST until a shareholder's CDS participant broker or the shareholder initiates a cross-border request.

If the shares are held in certificated or direct registration form, as applicable, shareholders may instruct Computershare to arrange for the shares to be held by a CREST participant broker. This can be done by completing a Register Removal Request -- Canada to United Kingdom form, with valid CREST participant account details, and submitting such form to Computershare by e-mail at ca.globaltransactions@computershare.com.

For any questions on this process, please contact Computershare's global transaction unit by phone at 1-877-624-5999 or by e-mail at ca.globaltransactions@computershare.com. The company intends to maintain CDS eligibility for its shares until April 30, 2026, in order to allow Canadian shareholders time to complete the process contemplated above.

Despite the delisting, the company will continue to be subject to continuing disclosure and other obligations as a reporting issuer under applicable securities legislation in Canada.

About Amaroq Ltd.

Amaroq's principal business objectives are the identification, acquisition, exploration and development of gold and strategic metal properties in southern 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 AS, incorporated under the Greenland Companies Act.

We seek Safe Harbor.