Amaroq Minerals : Extractive Sector Transparency Measures Act – 2023 Annual Report

UNCLASSIFIED - NON CLASSIFIÉ

Extractive Sector Transparency Measures Act - Annual Report

Reporting Entity Name			Amaroq Minerals Ltd.
Reporting Year	From	1/1/2023	To:		12/31/2023	Date submitted	5/29/2024
Reporting Entity ESTMA Identification Number	E321186		Original Submission
	Amended Report
Other Subsidiaries Included			Nalunaq A/S, Gardaq A/S
(optional field)
Not Consolidated
Not Substituted

Attestation by Reporting Entity

In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.

Full Name of Director or Officer of Reporting Entity	Joan Plant
Position Title	Executive VP

Date

28.05.2024

UNCLASSIFIED - NON CLASSIFIÉ

Extractive Sector Transparency Measures Act - Annual Report

Reporting Year

From:

1/1/2023

To:

12/31/2023

Reporting Entity Name

Amaroq Minerals Ltd.

Currency of the Report

CAD

Reporting Entity ESTMA

E321186

Identification Number

Subsidiary Reporting Entities (if

necessary)

Payments by Payee

Departments, Agency, etc…

Infrastructure

Total Amount paid to

Country

Payee Name1

within Payee that Received

Taxes

Royalties

Fees

Production Entitlements

Bonuses

Dividends

Notes34

Improvement Payments

Payee

Payments2

Ministry of Mineral

License, stamp duties and other fees

Greenland

Government of Greenland

Resources/Mineral Licensing

138,959

138,959

(FX rates used are the DKK-CAD FX

Authority/Naalakkersuisut

rates that were applicable on the

Government

date of payment)

Additional Notes:

UNCLASSIFIED - NON CLASSIFIÉ

Extractive Sector Transparency Measures Act - Annual Report

Reporting Year	From:	1/1/2023	To:		12/31/2023
Reporting Entity Name			Amaroq Minerals Ltd.			Currency of	CAD
Reporting Entity ESTMA			E321186
Identification Number
Subsidiary Reporting Entities (if
necessary)
						Payments by Project
Country	Project Name1	Taxes	Royalties	Fees	Production Entitlements	Bonuses	Dividends	Infrastructure	Total Amount paid by	Notes23
Improvement Payments	Project
											(1) "MLSA Q2 2022", Inv #1699 DKK 53,059.44 (FX Rate = 0.193634)(2) "MLSA Fees Q1"
											Inv #1917 DKK 154,032.20 (FX Rate = 0.19523)(3) "Q2 MLSA - License 2003/05 (Nalunaq)"
Greenland	Nalunaq Project					80,513				80,513	Inv #2563 DKK 95,535.70 (FX Rate = 0.192937)(4) "Fees Related to MLSA Q4'22",
											Inv.#1575 DKK 52,249.63 (FX Rate = 0.195269)(5) "Q3 2022 Admin Care Expense for
											MLSA", Inv #1136 DKK 59,092.08 (FX Rate = 0.195149)
Greenland	Vagar Project					9,414				9,414	(1) "Vagar License Renewal - 2006-10", Inv. #2929, DKK 5,000 (FX Rate = 0.199615)(2)
							"Annual fee-license 2006/10 (Vagar), Year 16", Inv#1552, DKK 43,100 (FX Rate = 0.195269)
	Combined Projects (Tartoq,										(1) "Granting Fees license 2023/69 (Paatasoq West)and 2023/70 (Nunarsuit)" Inv #1804
										DKK 75,200 (FX Rate = 0.19523)(2) "Transfer Fee for Gardaq Licenses", Inv. #1420 DKK
	Paatosoq West, Nunarsuit,
Greenland					49,032				49,032	64,800 (FX Rate = 0.200116)(3) "Annual fee-license 2015/17 (Tartoq), Year 7", Inv. #1552
Sava, North Sava, Saarloq
										DKK 43,100 (FX Rate = 0.195269)(4) "Transfer Fee for Gardaq Licenses", Inv. #1421 DKK
	and Kobberminebugt)
										64,800 (FX Rate = 0.200116)

Additional Notes3: