Mr. Eldur Olafsson reports

EQUITY AWARD GRANTS AND PAYMENT UPDATES

Amaroq Ltd. has granted restricted share units (RSU) and incentive stock option awards 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 $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 financing previously disclosed in the company's news releases dated June 11, 2025, June 12, 2025, and June 30, 2025, the company reports that Wavecrest Securities LLC acted as finder in respect of the direct private placement portion of the financing. In consideration for its services, Wavecrest Securities received a cash commission of $379,276.

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 A/S, incorporated under the Greenland Companies Act.