Amaroq Minerals Ltd.

On July 11, 2024, Amaroq Minerals Ltd. announced that Livermore Partners LLC, managed by David Neuhauser, a Non-Executive Director of Amaroq Minerals, acquired 37,900 common shares in the company. This acquisition increases Neuhauser's indirect holding to 14,579,124 shares, representing 4.45% of the company's capital. Amaroq Minerals focuses on the identification, acquisition, exploration, and development of gold and strategic metal properties in South Greenland, with its principal asset being the Nalunaq Gold mine, which is expected to commence production towards the end of 2024. The company also has other exploration projects in Southern Greenland. The announcement does not contain inside information.

Amaroq Minerals Ltd., an independent mine development company with significant gold and strategic mineral assets in Southern Greenland, has announced the appointment of Mr. Ellert Arnarson as Chief Financial Officer (CFO), effective August 2024. Mr. Arnarson, currently the Head of Corporate Finance at Landsbankinn, has extensive experience in financial management, capital raising, and mergers and acquisitions. He holds a Master’s Degree in Financial Economics and a Bachelor’s Degree in Mathematics from the University of Iceland. Eldur Olafsson, CEO of Amaroq Minerals, expressed his enthusiasm for Mr. Arnarson joining the team as the company prepares to commence production at the Nalunaq Gold mine in South Greenland by the end of 2024.

Amaroq Minerals Ltd., a mine development company with gold and strategic mineral assets in Southern Greenland, has agreed on terms for a new US$35 million Revolving Credit Facility with Landsbankinn. This new agreement replaces an undrawn US$18.5 million facility and aims to simplify the company’s debt structure while providing better rates, increased liquidity, and financial flexibility. The funds will support the development of the Nalunaq Gold mine, expected to start production by the end of 2024. CEO Eldur Olafsson expressed satisfaction with the new arrangement, emphasizing its role in strengthening the company's capital management plan.

Amaroq Minerals Ltd. announced that the Government of Greenland has approved the Environmental Impact Assessment (EIA) and Social Impact Assessment (SIA) for its Nalunaq gold project. This approval marks a significant milestone for the company's development efforts. The EIA identified potential environmental impacts and proposed mitigation measures, while the SIA assessed the project's social impacts. Amaroq's CEO, Eldur Olafsson, emphasized the importance of this achievement and thanked the Government of Greenland and their advisors for their support. The company is now focused on finalizing the Impact Benefit Agreement (IBA) with the Government of Greenland and Kommune Kujalleq by the end of the year. Amaroq Minerals is dedicated to maintaining high environmental and social standards as it moves towards production at the Nalunaq Gold mine, expected by the end of 2024.

Toronto, Ontario, June 25, 2024 (GLOBE NEWSWIRE) -- TR-1: Standard form for notification of major holdings. Attachment: Amaroq - Standard form for notification of major holdings.pdf

Amaroq Minerals Ltd., a mining development company with significant gold and strategic mineral assets in Southern Greenland, has completed its continuance from the Canada Business Corporations Act to the Business Corporations Act (Ontario). This move, approved by shareholders on June 14, 2024, removes the requirement for at least one-quarter of the directors to be resident Canadians, leading to the resignation of Sander A.J.R. Grieve from the Board. The Board believes its current composition remains strong and does not plan to appoint a new director. Amaroq's main asset is the Nalunaq Gold mine, expected to start production by the end of 2024. The company also has several other exploration projects in Southern Greenland.

Reykjavik, June 19, 2024 (GLOBE NEWSWIRE) -- TR-1: Standard form for notification of major holdings.

Amaroq Minerals Ltd., an independent mine development corporation with significant gold and strategic mineral assets in Southern Greenland, announced the results of its Annual General and Special Meeting (AGM) held on June 14, 2024. Shareholders voted in favor of all items, and Sander Grieve was elected as an independent Non-Executive Director. Additionally, Line Frederiksen was appointed to the Board of Directors of Kalaallit Nunaanni Brugseni, a major consumer goods retailer in Greenland. Amaroq Minerals focuses on the exploration and development of gold and strategic metal properties, with its principal asset being the Nalunaq Gold mine, expected to begin production by the end of 2024. The company is incorporated under the Canada Business Corporations Act and wholly owns Nalunaq A/S, incorporated under the Greenland Public Companies Act.

Amaroq Minerals Ltd., an independent mine development company with significant gold and strategic mineral assets in Southern Greenland, will hold a Capital Markets Day on June 13, 2024, from 14:00 to 16:00 GMT. The event will take place at Landsbankinn’s headquarters in Reykjavik and will be broadcast live for remote access. CEO Eldur Olafsson will present plans for bringing the Nalunaq Gold mine into production and discuss the company's broader mineral programs in Greenland. Questions can be submitted via email, and a recording will be available post-event. Amaroq Minerals focuses on the exploration and development of gold and strategic metal properties in South Greenland, with its principal asset being the Nalunaq Gold mine, set to commence production by the end of 2024. The company is incorporated in Canada and owns Nalunaq A/S in Greenland. For updates, follow Amaroq Minerals on social media.