Amaroq Minerals Ltd. - Company Announcement

Iceland Capital Markets Day

("Amaroq" or the "Corporation" or the "Company")

Iceland Capital Markets Day

Investor Presentation and Update on Iceland Main Market Listing

TORONTO, ONTARIO - 2 June 2023 - Amaroq Minerals Ltd. (AIM, TSXV, NASDAQ First
North: AMRQ), an independent mine development company with a substantial land
package of gold and strategic mineral assets covering an area of 7,866.85
km[2] in Southern Greenland, is today holding a Capital Markets Day for the
Icelandic market.

Amaroq's Board and senior management will provide an overview of the Company's
strategy and growth plans, in addition to an update on plans for the Company's
Main Market listing in Iceland.

The event will be held at the new headquarters of Landsbankinn at Reykjastræti
6, 101 Reykjavík, from 9.00am to 11.00am Iceland time, GMT.

The presentation will be broadcast live to enable remote access to the
meeting. Please register for the webcast at the following
link: https://www.landsbankinn.is/amaroq-minerals

Please submit questions via the webcast over email to amaroq@camarco.co.uk

Enquiries:

Amaroq Minerals Ltd.
Eldur Olafsson, Executive Director and CEO
+354 665 2003
eo@amaroqminerals.com
Eddie Wyvill, Investor Relations
+44 (0)7713 126727
ew@amaroqminerals.com

Stifel Nicolaus Europe Limited (Nominated Adviser and Broker)
Callum Stewart
Varun Talwar
Simon Mensley
Ashton Clanfield
+44 (0) 20 7710 7600

Panmure Gordon (UK) Limited (Joint Broker)
John Prior
Hugh Rich
Dougie Mcleod
+44 (0) 20 7886 2500

Landsbankinn hf. (Listing Agent)
Ellert Arnarson
Ellert.Arnarson@landsbankinn.is

Camarco (Financial PR)
Billy Clegg
Elfie Kent
Charlie Dingwall
+44 (0) 20 3757 4980

For Company updates:

Follow @Amaroq_minerals on Twitter
Follow Amaroq Minerals Inc. on LinkedIn

Further Information:

About Amaroq Minerals

Amaroq Minerals' principal business objectives are the identification,
acquisition, exploration, and development of gold and strategic metal properties
in Greenland. The Company's principal asset is a 100% interest in the Nalunaq
Project, an advanced exploration stage property with an exploitation license
including the previously operating Nalunaq gold mine. The Corporation has a
portfolio of gold and strategic metal assets covering 7,866.85km[2], the largest
mineral portfolio in Southern Greenland covering the two known gold belts in the
region. Amaroq Minerals is incorporated under the Canada Business Corporations
Act and wholly owns Nalunaq A/S, incorporated under the Greenland Public
Companies Act.

Inside Information

This announcement contains does not contain inside information.

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please contact rns@lseg.com or visit www.rns.com.

Attachments:

06027360.pdf