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Total Voting Rights and Notification of Transactions of Persons Discharging Managerial Responsibilities (PDMR)

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Amaroq Ltd (OTCQX: AMRQF) updated its total voting rights after issuing 107,078 additional common shares under share-based incentive plans, bringing the total to 455,039,212 common shares as at 04 December 2025.

Separately, two persons discharging managerial responsibilities reported option exercises: Graham Stewart exercised 77,777 shares at CAD$0.38 on 02/12/2025, and Joan Plant exercised 29,301 shares at CAD$0.38 on 04/12/2025.

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Reykjavík, Dec. 04, 2025 (GLOBE NEWSWIRE) -- Amaroq Ltd.
(“Amaroq” or the “Company”)

Total Voting Rights and Notification of Transactions of Persons Discharging Managerial Responsibilities (PDMR)

TORONTO, ONTARIO – 04 December 2025 – Amaroq Ltd. (AIM, TSX-V, NASDAQ Iceland: AMRQ, OTCQX: AMRQF), an independent mine development corporation focused on unlocking Greenland’s mineral potential, announces that, following the issue of 107,078 additional common shares under the Company’s share-based incentive plans, as at 04 December 2025 the Company’s share capital consists of 455,039,212 common shares of no par value each, and each with voting rights.

Given the Company does not hold any common shares in Treasury, this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in interest in, the share capital of the Company.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1.Details of the person discharging managerial responsibilities / person closely associated
a)NameGraham Stewart
2.Reason for the Notification
a)Position/statusNon-Executive Chairman
b)Initial notification/AmendmentInitial notification
3.    Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)NameAmaroq Ltd.
b)LEI213800Q21S5JQ6WKCE70
4.    Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)

Description of the financial instrument, type of instrumentCommon shares of no par value in Amaroq Ltd.
Identification codeISIN: CA02311U1030
b)Nature of the transactionExercise of options set to expire 31 December 2025
c)Price(s) and volume(s) Price(s) Volume(s)
CAD$0.38 77,777
d)Aggregated information:
    ·Aggregated volume
    ·Price


    77,777
    CAD$0.38
e)Date of the transaction02/12/2025
f)Place of the transactionXOFF


1.Details of the person discharging managerial responsibilities/person closely associated
a)Name:Joan Plant
2. Reason for the notification
a)Position/status:Executive Vice President, Interim COO
b)Initial notification/AmendmentInitial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)NameAmaroq Ltd.
b)LEI:213800Q21S5JQ6WKCE70
4.Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)Description of the financial instrument, type of instrument:
Identification code:
Common shares of no par value in Amaroq Ltd.



ISIN: CA02311U1030
b)Nature of the transaction:Exercise of options set to expire 31 December 2025
c)Price(s) and volume(s):      Price(s) Volume(s)
CAD$0.38                                 29,301
d)Aggregated information:
  • Aggregated volume:
  • Average price:


    29,301
    CAD$0.38
e)Date of the transaction(s):04.12.2025
f)Place of the transactionXOFF

Enquiries:

Amaroq Ltd.
Ed Westropp, Head of BD and Corporate Affairs
+44 (0)7385 755711
ewe@amaroqminerals.com

Eddie Wyvill, Corporate Development
+44 (0)7713 126727
ew@amaroqminerals.com

Panmure Liberum Limited (Nominated Adviser and Corporate Broker)
Scott Mathieson
Freddie Wooding
+44 (0) 20 7886 2500

Canaccord Genuity Limited (Corporate Broker)
James Asensio
Harry Rees
+44 (0) 20 7523 8000

Camarco (Financial PR)
Billy Clegg
Elfie Kent
Fergus Young
+44 (0) 20 3757 4980

Further Information:
About Amaroq

Amaroq’s principal business objectives are the identification, acquisition, exploration, and development of gold and strategic metal properties in South Greenland. The Company’s principal asset is a 100% interest in the Nalunaq Gold mine. The Company has a portfolio of gold and strategic metal assets in Southern Greenland covering the two known gold belts in the region as well as advanced exploration projects at Stendalen and the Sava Copper Belt exploring for Strategic metals such as Copper, Nickel, Rare Earths and other minerals. Amaroq is continued under the Business Corporations Act (Ontario) and wholly owns Nalunaq A/S, incorporated under the Greenland 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.


FAQ

What is Amaroq Ltd's total number of common shares and voting rights as of 04 December 2025 (AMRQF)?

As of 04 December 2025 Amaroq's share capital consists of 455,039,212 common shares, each carrying voting rights.

How many shares were issued under Amaroq's share-based incentive plans on 04 December 2025?

The company issued 107,078 additional common shares under its share-based incentive plans.

What option exercises did Amaroq PDMRs report and when (AMRQF)?

Graham Stewart exercised 77,777 options at CAD$0.38 on 02/12/2025; Joan Plant exercised 29,301 options at CAD$0.38 on 04/12/2025.

What price were the Amaroq option exercises executed at (AMRQF)?

Both reported option exercises were executed at an exercise price of CAD$0.38 per share.

Do Amaroq shares held in treasury affect the voting rights denominator (AMRQF)?

The company reported it does not hold any common shares in treasury, so the 455,039,212 figure is the denominator for shareholder notification calculations.

What identification code and ISIN are associated with Amaroq common shares in the notification (AMRQF)?

The notification lists the company's LEI 213800Q21S5JQ6WKCE70 and the common share ISIN CA02311U1030.
Amaroq Ltd

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