Core Viewpoint - Amaroq Ltd. has successfully completed strategic acquisitions to enhance its mineral development capabilities in Greenland, specifically through the acquisition of Black Angel Mining A/S and Kangerluarsuk licences, forming the West Greenland Hub [2][3]. Acquisitions - The company has closed the acquisition of Black Angel Mining A/S from FBC Mining and the Kangerluarsuk licences from 80 Mile plc, which are significant steps in expanding its operations in Greenland [2]. - As part of the acquisitions, Amaroq issued a total of 8,047,161 common shares, with 7,654,222 shares going to FBC Mining and 392,939 shares to 80 Mile plc [3]. Related Party Transactions - The acquisition of Black Angel is classified as a related party transaction due to the control of certain directors of Amaroq over the ultimate parent company of Black Angel, BAMAS ehf. [4]. - The company is utilizing exemptions from formal valuation and minority shareholder approval requirements under MI 61-101, as the transaction does not exceed 25% of the company's market capitalization [5]. Shareholder Information - Following the issuance of the closing shares, the beneficial ownership of Amaroq shares by directors with interests in FBC Mining is as follows: Eldur Olafsson holds 16,031,691 shares (3.46%), Sigurbjorn Thorkelsson holds 13,616,139 shares (2.94%), and Graham Stewart holds 2,982,537 shares (0.64%) [6]. - The total issued share capital of the company will consist of 463,648,822 common shares after the issuance of the closing shares and shares under incentive plans [8]. Admission and Trading - Applications for the admission of the closing shares to trading on AIM and the Icelandic Exchange have been made, with expected admission times set for December 30, 2025 [6]. - The shares issued are exempt from a four-month hold period in Canada due to their issuance outside of Canada [7]. Company Overview - Amaroq Ltd. focuses on the identification, acquisition, exploration, and development of gold and strategic metal properties in South Greenland, with its principal asset being a 100% interest in the Nalunaq Gold mine [11].

Core Viewpoint - Amaroq Ltd. has successfully completed strategic acquisitions, enhancing its position in Greenland's mineral sector by creating the West Greenland Hub through the acquisition of Black Angel Mining A/S and Kangerluarsuk licences [2][3]. Acquisitions - The company has closed the acquisition of Black Angel Mining A/S from FBC Mining and the Kangerluarsuk licences from 80 Mile plc, which are collectively referred to as the Acquisitions [2]. - As part of the Acquisitions, Amaroq issued a total of 8,047,161 common shares, with 7,654,222 shares going to FBC Mining and 392,939 shares to 80 Mile plc [3]. Related Party Transactions - The acquisition of Black Angel is classified as a related party transaction due to the control of certain directors of Amaroq over the ultimate parent company of Black Angel, BAMAS ehf. [4]. - Amaroq is utilizing exemptions from formal valuation and minority shareholder approval requirements under MI 61-101, as the transaction does not exceed 25% of the company's market capitalization [5]. Shareholder Information - Following the issuance of the Closing Shares, the beneficial ownership of Amaroq shares by directors with interests in FBC Mining is as follows: Eldur Olafsson holds 16,031,691 shares (3.46%), Sigurbjorn Thorkelsson holds 13,616,139 shares (2.94%), and Graham Stewart holds 2,982,537 shares (0.64%) [6]. - The total issued share capital of Amaroq will consist of 463,648,822 common shares after the issuance of the Closing Shares and shares under the company's incentive plans [8]. Admission to Trading - Applications for the admission of the Black Angel and Kangerluarsuk Closing Shares to trading on AIM and the Icelandic Exchange have been made, with expected admission dates of December 30, 2025 [6].

Reykjavík, June 11, 2025 (GLOBE NEWSWIRE) -- THIS ANNOUNCEMENT (INCLUDING THE APPENDICES) AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. PLEASE SEE THE IMPORTANT NOTICES SECTION WITHIN THIS ANNOUNCEMENT. THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY, AND DOES NO ...