Important Shareholding Announcement from Amaroq Ltd.

Reykjavík, October 24, 2025 – Amaroq Ltd. (AIM, TSX-V, NASDAQ Iceland: AMRQ, OTCQX: AMRQF), is an independent mineral development company focused on unlocking Greenland's mineral potential. The company has received a TR-1 notification from investor JLE Group following recent share transactions.

The received notification states that shareholders JLE Property Limited and JLE Newco Ltd. hold voting rights corresponding to 2.91% of the share capital. This notification regarding the acquisition indicates that the threshold was exceeded on October 23, 2025.

Details of the notification reveal that a total of 13,222,545 voting rights are held, and this figure has decreased from 4.01% in the previous notification to 2.91%. The JLE Group is not linked to any other natural person or legal entity, either directly or indirectly, and does not control another company.

As part of Amaroq's share option plan, it is noted that there are 9,160,981 unallocated securities remaining. This notification represents one of Amaroq Ltd.’s significant annual developments and is a situation that investors should monitor closely.