Amaroq Minerals Ltd.

Report Publication Announcement • May 19, 2023

Correction: This announcement replaces the previous announcement published on 19/05/2023 at 08.00 CEST and amends the registration link and time for the Iceland Capital Markets Day.

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

Notice of Iceland Capital Markets Day - RNS Correction

Investor Presentation and Update on Iceland Main Market Listing

TORONTO, ONTARIO -19 May, 2023 - Amaroq Minerals Ltd. (AIM, TSXV, NASDAQ First North: AMRQ), an independent mine development company with a substantial land package of gold and strategic mineral assets covering an area of 7,866.85 km² in Southern Greenland, is pleased to announce that it will be holding a Capital Markets Day for the Icelandic market on Friday 2 June.

Amaroq's Board and senior management will provide an overview of the Company's strategy and growth plans, in addition to an update on plans for the Company's Main Market listing in Iceland.

Attendees will have the opportunity to address questions to the management team.

Event details

The event will be held at the new headquarters of Landsbankinn at Reykjastræti 6, 101 Reykjavík, from 9.00am to 11.00am Iceland time, GMT.

To attend the event in person, please click on the following link for registration: https://www.landsbankinn.is/amaroq-minerals

Webcast registration

The event will be broadcast live to enable remote access to the meeting.

Please register for the webcast at the following link: https://www.landsbankinn.is/amaroqminerals

Enquiries:

Amaroq Minerals Ltd. Eldur Olafsson, Executive Director and CEO +354 665 2003 eo@amaroqminerals.com

Eddie Wyvill, Investor Relations +44 (0)7713 126727

ew@amaroqminerals.com

Stifel Nicolaus Europe Limited (Nominated Adviser and 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 Ellert.Arnarson@landsbankinn.is

SI Capital Limited (Joint Broker) Nick Emerson +44 (0) 1483 413500

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 covering 7,866.85km² , the largest mineral portfolio 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.

Inside Information

This announcement contains does not contain inside information.

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