Conditional Awards under RSU Plan and Award of Stock Options - Seite 2

First Measurement Date: 31 December 2023, vesting partially on the First Measurement Date and on the third anniversary of the First Measurement Date

Second Measurement Date: 31 December 2024, vesting partially on the Second Measurement Date and on the second anniversary of the Second Measurement Date

Third Measurement Date: 31 December 2025, with vesting on the first anniversary of the Third Measurement Date

Dealing Notification Forms of each PDMR provided in accordance with Article 19 of the EU Market Abuse Regulation 596/2014 can be found below.

Award of stock options

Amaroq Minerals also announces that it has granted incentive stock option awards ("Options") to employees and a consultant of Amaroq Minerals to acquire an aggregate of 1,330,000 common shares under the Company's Stock Option Plan.

The Options have an exercise price of C$0.70 per share, vested immediately on the date of grant, and will expire if they remain unexercised five years from the date of the award.

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY
AND THEIR CLOSELY ASSOCIATED PERSONS

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	1) Eldur Olafsson 2) Jaco Crouse
2.	Reason for the notification
a)	Position/status:	1) Director and Chief Executive Officer 2) Director and Chief Financial Officer
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Amaroq Minerals Ltd.
b)	LEI:	213800Q21S5JQ6WKCE70
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument: