Vesting and New Awards under the Restricted Share Unit Plan (the “RSU Plan”) and Total Voting Rights

Core Viewpoint - Amaroq Ltd. has announced the vesting of restricted share units (RSUs) and new awards under its RSU Plan, indicating ongoing commitment to incentivizing key personnel and aligning their interests with shareholders [1][2]. Group 1: Vesting of RSUs - A total of 1,792,236 RSUs, representing 50% of the awarded shares, have vested as of February 12, 2026 [2]. - Key personnel, including CEO Eldur Olafsson and Interim COO Joan Plant, have seen their total holdings increase to 17,055,825 and 551,007 shares, respectively [2]. - The remaining 50% of the shares will vest on the second anniversary of the grant date [2]. Group 2: Trading and Voting Rights - Application for the admission of the RSU Shares to trading on AIM has been made, with expected trading commencement on February 17, 2026 [4]. - Following the admission, the total issued share capital of the company will consist of 465,441,058 common shares, all with voting rights [4]. Group 3: New Awards under RSU Plan - On February 12, 2026, new awards were granted to directors and employees under the RSU Plan, with specific allocations detailed for key personnel [8]. - The initial price for the awards is set at CAD 1.04 for one participant and CAD 0.552 for others, with a hurdle rate of 10% per annum above the initial price [9]. - A total of 69,476 additional RSUs were granted to personnel, all of which will vest on the first anniversary of the grant date [9]. Group 4: Company Overview - Amaroq Ltd. focuses on the identification, acquisition, exploration, and development of gold and strategic metal assets in Greenland, with its flagship asset being the 100%-owned Nalunaq Gold Mine [13]. - The company has also acquired a 100% interest in the Black Angel zinc-lead-silver project and is advancing studies for potential redevelopment [14]. - Amaroq controls a broad portfolio of strategic metal licenses across South Greenland, including projects for copper, nickel, and rare earth elements [15].