Amaroq Engages Arion Bank for Market-Making Services

Amaroq Minerals Ltd. (AIM, TSX-V, NASDAQ Iceland: AMRQ), an independent mining company with a substantial land package of gold and strategic mineral assets in Southern Greenland, has announced that it has engaged Arion bank hf. ("Arion Bank") to provide certain market-making services in respect of Amaroq's Icelandic depositary receipts (the "Depositary Receipts") listed on the Main Market operated by Nasdaq Iceland hf. This strategic move is set to enhance the liquidity and stability of Amaroq's shares, benefiting both the company and its investors.



In accordance with the requirements of Nordic Main Market Rulebook for Issuers of Shares as published by Nasdaq Iceland and effective 1 January 2024, Amaroq has provided the following information regarding the engagement of Arion Bank:

* The engagement was made pursuant to the terms of a market making agreement entered into between Amaroq and Arion Bank on January 24, 2025.
* Arion Bank, reg. no. 581008-0150, Borgartún 19, 105 Reykjavík, Iceland, holds a full banking license under the Act on Financial Undertakings, no. 161/2002 and is regulated by the Financial Supervisory Authority of the Central Bank of Iceland.
* Arion Bank shall post on each trading day buy- and sell quotes in the trading system of Nasdaq Iceland. Each bid and ask shall be for a minimum of 50,000 Depository Receipts at nominal value. The bid-ask spread shall be as close as possible to 1.50%, but never less than 1.45%.
* The market-making agreement is open-ended and is in force from 24 January 2025.
* Amaroq confirms that the market-making services provided by Arion Bank are limited to the Depositary Re�s listed on the Nasdaq Iceland. The marking-making agreement does not contain any performance factors, and Arion Bank will not receive any common shares or options as compensation.

The engagement of Arion Bank as a market maker for Amaroq's Icelandic depositary receipts is expected to have a positive impact on the liquidity and volatility of the company's shares on the Nasdaq Iceland. By providing a continuous market for the shares, Arion Bank can help to reduce volatility and make it easier for investors to buy and sell shares, potentially driving up the share price. This increased liquidity can also attract more investors, further boosting trading volumes.

Moreover, the open-ended nature of the market-making agreement aligns with Amaroq's long-term strategic goals and financial projections. The continuous market-making services provided by Arion Bank ensure that Amaroq's shares maintain a consistent presence in the market, making it easier for the company to attract potential investors and partners interested in its long-term prospects.

In conclusion, Amaroq's engagement of Arion Bank for market-making services is a strategic move that supports the company's long-term goals and benefits both Amaroq and its investors by enhancing liquidity and reducing volatility in the company's shares.