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Amaroq Minerals Ltd.

Delisting Announcement Sep 21, 2023

6171_rns_2023-09-21_b9c739b6-b12d-4777-9b9d-ba71ed854ca9.pdf

Delisting Announcement

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("Amaroq" or the "Corporation" or the "Company")

Commencement of Trading on Iceland's Nasdaq Main Market

TORONTO, ONTARIO – September 21, 2023 – Amaroq Minerals Ltd. (AIM, TSXV, NASDAQ Iceland: AMRQ), Icelandic reg. no 600122-9910, an independent mine development company with a substantial land package of gold and strategic mineral assets in Southern Greenland, is pleased to confirm that, further to the announcement on 13 September 2023, the transfer of the Company's shares to Nasdaq Iceland's Main market (the "Main Market") from the Iceland First North Growth Market ("First North") has been completed. The Company's Shares commence trading on the Main Market today, September 21, 2023.

Enquiries:

Amaroq Minerals Ltd.

Eldur Olafsson, Executive Director and CEO [email protected]

Eddie Wyvill, Corporate Development +44 (0)7713 126727 [email protected]

Stifel Nicolaus Europe Limited (Nominated Adviser and Joint Broker)

Callum Stewart Varun Talwar Simon Mensley Ashton Clanfield +44 (0) 20 7710 7600

Panmure Gordon (UK) Limited (Joint Broker)

John Prior Hugh Rich Dougie Mcleod +44 (0) 20 7886 2500

Landsbankinn hf. (Listing Agent) Ellert Arnarson [email protected]

Fossar Investment Bank (Advisor) Thordur Hlynsson [email protected] +354 896 7641

Camarco (Financial PR)

Billy Clegg Elfie Kent Charlie Dingwall +44 (0) 20 3757 4980

For Company updates:

Follow @Amaroq_minerals on Twitter

Follow Amaroq Minerals Inc. on LinkedIn

Further Information:

About Amaroq Minerals

Amaroq Minerals' principal business objectives are the identification, acquisition, exploration, and development of gold and strategic metal properties in Greenland. The Company's principal asset is a 100% interest in the Nalunaq Project, an advanced exploration stage property with an exploitation license including the previously operating Nalunaq gold mine. The Corporation has a portfolio of gold and strategic metal assets in Southern Greenland covering the two known gold belts in the region. Amaroq Minerals is incorporated under the Canada Business Corporations Act and wholly owns Nalunaq A/S, incorporated under the Greenland Public Companies Act.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Inside Information

This announcement does not contain inside information.

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