Amaroq (AMRQ) Corporate presentation summary

Resource estimate highlights

• Contained gold increased by 51% to 484Koz, indicating strong expansion potential for the deposit.

• Maiden Indicated Mineral Resource introduced: 151 Kt @ 32.4g/t Au for 157.6Koz Au; Inferred: 348Kt @ 29.2g/t Au for 326.3Koz Au.

• Resource growth could extend estimated mine life from ~6 to ~10 years, based on updated data through 2024.

• Expansion focused on Valley Block and Mountain Block extension areas, with further exploration planned for 2025.

• Updated estimate will guide next-phase mine design and strategic planning.

Updated mineral resource statement

• Total resource: 499,521 tonnes @ 30.13g/t Au for 483,960 oz, reported above a 5.9g/t cut-off and $2,100/oz gold price.

• Resources classified as Indicated (151,450 t @ 32.38g/t Au, 157,646 oz) and Inferred (348,071 t @ 29.16g/t Au, 326,313 oz).

• Resources are in-situ, undiluted, and not yet demonstrated as economically viable.

• Qualified Person for the estimate is James McFarlane of Bara Consulting Ltd.

• Estimate reflects mining completed as of February 2025 and is compliant with CIM standards.

Geological domains and classification

• Estimate covers five high-grade zones along E-W corridors, aligned with the Dolerite Dyke Model.

• Indicated resource (33% of total metal) supported by close-spaced underground samples in Mountain, Target, and South Blocks.

• Inferred resource surrounds Indicated zones, with further exploration targets outlined.