Notice to holders of Icelandic Depository Receipts Confirmation of Effective Date for Conversion of Icelandic Depository Receipts (IDRs) into Depositary Interests (DIs)

Core Points - Amaroq Ltd. confirms the effective date for the automatic conversion of Icelandic Depository Receipts (IDRs) into Depositary Interests (DIs) as November 11, 2025 [2][3] - Trading of Amaroq DIs will commence on Nasdaq Iceland under the new ISIN CA02311U1030 and ticker symbol AMRQ, denominated in Icelandic króna (ISK) [3] - The conversion is a technical adjustment with no impact on underlying shares or investor rights, requiring no action from shareholders [3] Conversion Process - Cross-border conversions between Canadian and Icelandic markets will be temporarily suspended from November 5, 2025, for five business days prior to the effective date [4] - Normal cross-border conversion functionality will resume immediately after the completion of the conversion on the effective date [4] Company Overview - Amaroq Ltd. focuses on the identification, acquisition, exploration, and development of gold and strategic metal properties in South Greenland, with a principal asset being a 100% interest in the Nalunaq Gold mine [7] - The company holds a portfolio of gold and strategic metal assets in Southern Greenland, including advanced exploration projects at Stendalen and the Sava Copper Belt [7]