Nanoq drilling results confirm significant gold copper mineralisation Reykjavík, Dec. 10, 2025 (GLOBE NEWSWIRE) -- Amaroq Ltd. (“ Amaroq” or the “Company”) Nanoq drilling results confirm significant gold copper mineralisation **Consistent grade within multiple stacked zones and identification of identical, parallel structures** – **Intersections up to 187.4 g/t Au over 1.5m 1 and up to 1.1% Cu over 0.5m 2 at shallow depths** – **Webcast presentation hosted at 14.00GMT, details contained in the release** TORONTO, ONTARIO – 10 December 2025 – Amaroq Ltd. (AIM, TSX-V, NASDAQ Iceland: AMRQ, OTCQX: AMRQF), an independent mine development corporation focused on unlocking Greenland’s mineral potential, is pleased to announce the results from its 2025 exploration programme at the Nanoq gold project in South Greenland, on the eastern flank of the Nanortalik gold belt, which also contains the Amaroq operated Nalunaq gold mine. James Gilbertson, VP Exploration of Amaroq, commented: “I am extremely pleased to announce the results from the 2025 Nanoq drilling programme. The outcomes have exceeded our pre-drill expectations and provide us with strong confidence in Nanoq’s potential to host a material gold deposit. “Our aim for the 2025 programme was to build on the encouraging results from previous exploration efforts at Nanoq, enabling a robust understanding of the geological model and subsurface at this outcropping prospect, ahead of larger-scale resource drilling. Not only did we achieve this, but we also succeeded in confirming Nanoq’s significant gold-hosting potential, including shallow high-grade intersections, such as 187.4 g/t Au over 1.5m and 19.6 g/t Au over 4.9m, as well as broad zones of mineralisation approaching 9.0m in thickness. The confidence gained from these results, will enable us to fast-track resource drilling, with the target of a maiden resource in the near term, accelerating our planned development pathway for Nanoq. “Further to this, our current drilling only covers a portion of the interpreted system. Our results suggest that mineralisation remains open at depth, along strike, and within a number of parallel structures to the west. With shallow, stacked mineralised zones and strong grades, we believe Nanoq could represent a much larger gold system than currently defined.” Highlights 4,807mof diamond drilling completed across 27 holes, successfully testing ~600m of strike length within the Nanoq Central Zone with mineralised intervals averaging approximately 3.3m thickness at a grade of 9.98g/t 3 Au at vertical depth of up to 70m. 63% of holes intersected mineralisation including up to 187.4 g/t Au over 1.5m and 19.6 g/t Au over 4.9m, all at shallow depths; despite the programme being designed primarily to advance subsurface geological understanding. Core drilling suggests the presence of thick intersections of up to 3.83g/t Au over 9.0m and 6.7g/t Au over 7.39m, in both folded quartz veins and surrounding host rocks, creating significant upside potential and large minable packages; with only the top ~70m depths tested. Detailed mapping has extended the interpreted strike of the Central Zone to 1.5 km (impeded by retreating ice-cap) and identified, previously unrecognised, repeat mineralised structures, with high surface grades of up to 9.5 g/t Au. Results also continue to confirm that significant copper is present in the system, with up to 0.56% Cu over 2.46m and assay grades of up to 1.12% Cu over 0.5m. High-grade gold is now confirmed in multiple structural settings, including saddle-reef style fold hinges and vertically extensive fault zones, highlighting multiple pathways for future resource growth. Results provide a strong technical basis for a significantly expanded follow-up drilling programme in 2026, supported by existing camp infrastructure, drill pads and winterised equipment all in place, coupled with Amaroq’s strong liquidity position. These results strengthen our geological interpretation and compare favourably with early-stage drilling outcomes from well-known orogenic gold systems, reinforcing our confidence in the scale and continuity of the mineralised structures. We are exploring infrastructure solutions, including a short 3km access road from site to a potential harbour, that would allow us to move material efficiently, facilitating a potential bulk sample. A short online presentation will be held this afternoon at 14:00 GMT to discuss the results. To register, please use the following link: https://edge.media-server.com/mmc/p/7as3dbnv References to the accompanying presentation on Nanoq 2025 results as well as a PDF version of this release are available on our website at the link below: https://www.amaroqminerals.com/investors/presentations/ Further a video introduction to the project, the geology and drilling results can also be accessed on our website on the following link: https://www.amaroqminerals.com/investors/videos/ Background to the Nanoq Gold Project These result