Notice to holders of Icelandic Depository Receipts Simplification and streamlining of Amaroq’s securities under a single ISIN

Amaroq Ltd.(“ Amaroq” or the “Company”)Notice to holders of Icelandic Depository ReceiptsSimplification and streamlining of Amaroq’s securities under a single ISINTORONTO, ONTARIO – 21 October 2025– Amaroq Ltd. (AIM, TSX-V, NASDAQ Iceland: AMRQ, OTCQX: AMRQF), announces that its Icelandic Depositary Receipts (“IDRs”) (ISIN IS0000034569), currently issued by Arion Banki hf., will be automatically converted into Depositary Interests (“DIs”). The DIs, issued by Computershare...

Reykjavík, 21/10/2025 (informazione.news - comunicati stampa - industria)

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– Amaroq Ltd. (AIM, TSX-V, NASDAQ Iceland: AMRQ, OTCQX: AMRQF), announces that its Icelandic Depositary Receipts (“IDRs”) (ISIN IS0000034569), currently issued by Arion Banki hf., will be automatically converted into Depositary Interests (“DIs”). The DIs, issued by Computershare Investor Services PLC and affiliated into Nasdaq CSD Iceland through its link with CREST, will unify Amaroq’s equity securities under a single ISIN. This simplification streamlines cross-border settlement and administration, while ensuring Icelandic investors continue trading on Nasdaq Iceland in ISK, as before. As Depositary Interests replicate direct shareholding, the change is a technical adjustment only, with no impact on underlying shares or investor rights.

The conversion from IDRs to DIs will take effect following completion of the necessary operational arrangements. The Company will announce the effective date and provide further practical details for investors once confirmed in coordination with all relevant parties, including Nasdaq CSD Iceland, Arion Banki and Computershare Investor Services PLC.
For technical information or to prepare internal procedures ahead of the conversion, custodians may contact Nasdaq CSD Iceland at csd.iceland@nasdaq.com.

c/o
Ed Westropp, Head of BD and Corporate Affairs
+44 (0)7385755711
ewe@amaroqminerals.com

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

Scott Mathieson
Freddie Wooding
+44 (0) 20 7886 2500

James Asensio
Harry Rees
Tel: +44 (0) 20 7523 8000

Billy Clegg
Elfie Kent
Fergus Young
+44 (0) 20 3757 4980
amaroq@camarco.co.uk

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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.

This announcement does not contain inside information.