Update on Voluntary Delisting from the TSX Venture Exchange

Rhea-AI Summary

Amaroq Ltd (OTCQX: AMRQF) confirmed its voluntary delisting from the TSX Venture Exchange, effective at close of trading on 19 March 2026. The company's depositary interests will continue trading on AIM, Nasdaq Iceland and OTCQX. Canadian shareholders must arrange CREST eligibility to transfer shares to AIM or Nasdaq Iceland; Computershare and brokers can assist.

The company will maintain CDS eligibility until 30 April 2026 to allow transfers and remains subject to ongoing Canadian reporting obligations.

Positive

• Depositary interests continue trading on AIM, Nasdaq Iceland and OTCQX
• CDS eligibility maintained until 30 April 2026 to facilitate transfers
• Transfer process supported by Computershare and broker xSettle service

Negative

• Delisting from TSXV may reduce Canadian market liquidity for AMRQF shares
• Canadian shareholders must complete cross-border CREST transfers to trade on AIM or Nasdaq Iceland
• Administrative friction and potential delays for shareholders without CREST-compatible brokers

Reykjavík, March 19, 2026 (GLOBE NEWSWIRE) -- Amaroq Ltd.
(“Amaroq” or the “Company”)

Update on Voluntary Delisting from the TSX Venture Exchange

TORONTO, ONTARIO – 19 March 2026 – Amaroq Ltd. (AIM, TSX-V, NASDAQ Iceland: AMRQ, OTCQX: AMRQF), an independent mine development corporation focused on unlocking Greenland’s mineral potential, notes that further to the announcement on 18 February 2026, the voluntary delisting of its common shares from the TSX Venture Exchange (the “TSXV”) will be effective as of close of trading today, 19 March, 2026. 

The Company’s common shares, in the form of Depositary Interests issued by Computershare Investor Services PLC, will continue to trade on AIM, Nasdaq Iceland and OTCQX.

Information for any Canadian Shareholders

Following the delisting from the TSXV, Canadian shareholders holding shares with their broker (“CDS participant”) and wishing to trade their shares on AIM or Nasdaq Iceland, will need such shares to be made eligible to be transferred and settled as depositary interests through CREST, the United Kingdom based share transfer and settlement system. Canadian Shareholders are therefore encouraged to contact their broker to begin this process. CDS participants may initiate instructions to Computershare Trust Company of Canada (“Computershare”) via its xSettle web service. Shares cannot be transferred and settled through CREST until a shareholder’s CDS participant broker or the shareholder initiates a cross-border request.

If the shares are held in certificated or Direct Registration form, as applicable, shareholders may instruct Computershare to arrange for the shares to be held by a CREST participant broker. This can be done by completing a ‘Register Removal Request – Canada to United Kingdom’ form, with valid CREST participant account details, and submitting such form to Computershare via email at ca.globaltransactions@computershare.com.

For any questions on this process please contact Computershare’s global transaction unit by phone at +1 (877) 624-5999 or via email at ca.globaltransactions@computershare.com. The Company intends to maintain CDS eligibility for its shares until 30 April, 2026 in order to allow Canadian shareholders time to complete the process contemplated above.

Despite the delisting, the Company will continue to be subject to ongoing disclosure and other obligations as a reporting issuer under applicable securities legislation in Canada.

Enquiries:

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

Forward-Looking Information

This press release contains forward-looking information within the meaning of applicable securities legislation, which reflects the Company's current expectations regarding future events and the future growth of the Company's business. Forward-looking in this press release includes, but is not limited to, statements regarding the timing of delisting the Company's common shares from the TSXV and the anticipated benefits of such delisting. In this press release there is forward-looking information based on a number of assumptions and subject to a number of risks and uncertainties, many of which are beyond the Company's control, that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include but are not limited to the factors discussed under “Risk Factors” in the Company's Annual Information Form for the year ended December 31, 2024 available under the Company's profile on SEDAR+ at www.sedarplus.ca. Any forward-looking information included in this press release is based only on information currently available to the Company and speaks only as of the date on which it is made. Except as required by applicable securities laws, the Company assumes no obligation to update or revise any forward-looking information to reflect new circumstances or events. No securities regulatory authority has either approved or disapproved of the contents of this press release.

Inside Information

This announcement does not contain inside information.

FAQ

When did Amaroq (AMRQF) delist from the TSX Venture Exchange?

Amaroq voluntarily delisted effective at close of trading on 19 March 2026. According to the company, the delisting took effect on that date and depositary interests continue trading on other exchanges.

How can Canadian shareholders trade AMRQF on AIM or Nasdaq Iceland after the TSXV delisting?

Canadian shareholders must have shares made CREST-transferable by their CDS participant broker or via Computershare. According to the company, brokers may use Computershare’s xSettle service or a Register Removal Request to enable CREST transfers.

How long will CDS eligibility be maintained for AMRQF shares after delisting?

The company will maintain CDS eligibility until 30 April 2026 to permit transfers. According to the company, this window is intended to give Canadian shareholders time to complete cross-border transfer steps.

Will Amaroq (AMRQF) still trade on any exchanges after TSXV delisting?

Yes. Amaroq’s depositary interests will continue to trade on AIM, Nasdaq Iceland and OTCQX. According to the company, only the TSXV listing is being removed while other market venues remain active.

Who should Canadian shareholders contact for assistance transferring AMRQF shares after delisting?

Shareholders can contact Computershare’s global transactions unit or their broker for transfer steps. According to the company, Computershare can be reached at +1 (877) 624-5999 or ca.globaltransactions@computershare.com.