AMRQ - AMRQ STOCK NEWS

Amaroq Minerals Ltd. (AMRQ) will release its Full Year results for 2022 on March 31, 2023. The company, which holds a substantial land package of gold and strategic mineral assets in Southern Greenland, will also host a remote presentation for analysts and investors at 15:00 BST on the same day. Participants can register for the webcast via the provided link. Amaroq's primary asset, the Nalunaq Project, includes a previously operating gold mine and spans 7,866.85 km² across two known gold belts in the region, marking it as a significant player in Greenland's mining sector.

Amaroq Minerals Ltd. (AIM:AMRQ)(TSXV:AMRQ)(NASDAQ First North:AMRQ) has reported as of February 28, 2023, its share capital consists of 263,281,297 common shares without par value, all with voting rights. This disclosure aligns with the FCA's Disclosure Guidance and Transparency Rule 5.6.1. The company does not hold any treasury shares, allowing shareholders to use this figure for determining their interest changes under the mentioned rules.

Amaroq operates a substantial land package of gold and strategic mineral assets in Southern Greenland, covering 7,866.85 km².

Amaroq Minerals Ltd. has announced the commencement of targeted exploration at the Vagar licence in Southern Greenland after completing its 2022 exploration program. Key highlights include:

• All drillholes intersected anomalous gold, indicating a potential large tonnage Intrusion Related Gold system.
• Notable results include intersections such as 0.5m at 3.07 g/t Au and 1m at 1.27 g/t Au.
• The exploration strategy will draw on successful methods from the Nalunaq project.

Future plans include additional scout drilling and geological modelling to better understand the scale and potential of gold mineralisation.

Amaroq Minerals Ltd. has applied for a block listing of 1,330,000 common shares on the London Stock Exchange, expected to take effect around February 6, 2023. These shares will be used for future stock option awards to employees and a consultant as per the Amaroq Minerals Stock Option Plan established on May 1, 2017. The company's total issued share capital currently stands at 263,211,732 common shares. The new shares will be fully paid and rank equally with existing shares. Amaroq holds strategic mineral assets in Southern Greenland, covering an area of 7,866.85 km², including the advanced exploration Nalunaq Project.

Amaroq Minerals (AMRQ) has confirmed significant copper mineralisation in its Kobberminebugt project located in South Greenland. Key findings include a maximum grade of 11.6% copper from channel samples, indicating the potential for substantial tonnage. The exploration revealed skarn-related copper mineralisation extending along a 40km granite contact zone, with further assessments planned for 2023. The company's exploration efforts, including drone surveys and geological reconnaissance, aim to identify additional mineralised bodies and assess the skarn geometry.

Amaroq Minerals Ltd. (AIM:AMRQ)(TSXV:AMRQ)(NASDAQ:AMRQ) is making progress on its joint venture with GCAM LP, initially announced on October 19, 2022. The company has met several conditions to release £18 million in subscription and shareholders' agreement from escrow, including receiving conditional approval from the TSX Venture Exchange. Amaroq anticipates completing the GCAM Transaction by the end of Q1 2023, pending resolution of final regulatory matters. The company focuses on the acquisition and development of gold and strategic metal projects in Greenland, holding the Nalunaq Project, a significant gold asset.

Amaroq Minerals Ltd. announces market-making agreements with Arion Bank and Landsbankinn for its Icelandic depositary receipts listed on the Nasdaq First North Market.

Arion Bank will receive ISK 3,750,000 quarterly, effective from October 30, 2022, while Landsbankinn will get ISK 1,500,000 quarterly, valid until November 1, 2023. Both agreements can be terminated with prior written notice and do not involve performance factors or compensation in common shares. As of now, Arion Bank and Landsbankinn own approximately 1.84% and 0.21% of Amaroq's common shares, respectively.

Amaroq Minerals Ltd. released its 2022 exploration results from Nalunaq, revealing a record drill grade of 116 g/t Au over 0.62m. A total of 46 diamond core drillholes were completed, with a 92% success rate confirming the geological model. The results indicate the potential expansion of the Valley Block and suggest low-cost access to resources in the Mountain Block. The upcoming 2023 exploration will include a bulk sample to enhance the Mineral Reserve estimate and demonstrate revenue potential.

Amaroq Minerals Ltd. announced on December 6, 2022, that Livermore Partners LLC, managed by Non-Executive Director David Neuhauser, purchased 76,000 common shares, increasing its total holdings to 14,415,924 shares, representing 5.48% of the company’s capital. The shares were acquired at an average price of US$ 0.6 per share. The transactions occurred on December 2 and 3, 2022, on the TSXV stock exchange.