Q2 2026 Operational and Financial Results

Gold production for H1 2026 of ~9,000 oz, above mid-point of guidance range

13 August 2026 – Amaroq Ltd. (LSE, NASDAQ Iceland: AMRQ, OTCQX: AMRQF), an independent mine development company focused on unlocking Greenland’s mineral potential, is pleased to announce its Q2 2026 Financial Results. All dollar amounts are expressed in Canadian dollars unless otherwise noted.

A virtual presentation for investors and analysts will be held this morning at 09:00am GMT (Iceland) / 10:00am BST (UK time), with a recording of the meeting available on the website thereafter.

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Eldur Olafsson, CEO of Amaroq, commented: “I am very pleased to announce that in the first half of 2026, production at Nalunaq was above the mid point of the guidance range for H1 2026 and current trading supports my confidence that we remain well set to deliver within our guidance range for the full year. We also successfully completed and commissioned the flotation circuit in June 2026, which marks an important step-change in the mine’s operating capability and recoveries. In parallel, we continue to advance our exploration portfolio, commencing the 2026 field season, our most extensive to date, with drilling at the Ilua Pegmatite REE prospect, and following the period end, we are now well underway at the high-grade Minturn prospect, and at our future gold project Nanoq, where resource drilling operations started earlier this week.

“Alongside this strong operational progress, post-period we completed our transition to the Main Market of the London Stock Exchange, broadening our access to international capital markets and indexation. We have made a strong start to Q3 2026, in terms of production and recoveries, with Nalunaq now moving into its next phase of ramp-up. With significant opportunities across gold, strategic minerals and infrastructure, Amaroq is well positioned as we continue into the second half of the year and I very much look forward to updating the market on our continued progress.”