Geophysical Survey Establish 5 IP Anomalies on a Granted Mining Lease.

Montage Gold Corp. (“Montage” or the “Firm”) (TSXV: MAU) (OTCQX: MAUTF) is happy to announce that every one resolutions set forth within the Firm’s administration data round dated April 26, 2024 have been duly handed on the Annual Normal and Particular Assembly held on June 7, 2024 (the “Assembly”).

As per the nominees set forth, Ron Hochstein , Richard P. Clark , David Discipline , Alessandro Bitelli , Anu Dhir and Martino De Ciccio have been elected as administrators of the Firm. After the Assembly the next officers have been appointed by the Board of Administrators:

On the Assembly the shareholders additionally permitted the reappointment of PricewaterhouseCoopers, LLP because the auditors of the Firm and the authorization of the Firm’s Board of Administrators to repair the auditors remunerations. The shareholders additionally permitted the Omnibus Fairness Incentive Plan.

A complete of 102,881,471 frequent shares have been voted, representing 43.03% of the Firm’s issued and excellent frequent shares as on the file date of April 26, 2024. Detailed voting outcomes for the 2024 Annual Normal Assembly are proven beneath and can be found on SEDAR at www.sedarplus.ca .

Neither TSX Enterprise Trade nor its Regulation Companies Supplier accepts duty for the adequacy or accuracy of this launch.

ABOUT Montage Gold Corp.

Montage Gold Corp. (TSXV: MAU) is a Canadian-listed firm targeted on turning into a premier multi-asset African gold producer, with its flagship Koné undertaking, situated in Côte d’Ivoire, on the forefront. Primarily based on the Feasibility Examine revealed in 2024, the Koné undertaking ranks as one of many highest high quality gold tasks in Africa with an extended 16-year mine life, low AISC of $998 /oz over its lifetime of mine, and sizeable annual manufacturing of +300koz of gold over the primary 8 years. Over the course of 2024, the Montage administration workforce can be leveraging their intensive observe file in creating tasks in Africa to progress the Koné undertaking in direction of a building launch, thereby unlocking important worth for all its stakeholders.

FORWARD LOOKING STATEMENTS

This press launch accommodates sure forward-looking data and forward-looking statements inside the that means of Canadian securities laws (collectively, “Ahead-looking Statements”). All statements, aside from statements of historic truth, represent Ahead-looking Statements. Phrases similar to “will”, “intends”, “proposed” and “expects” or comparable expressions are meant to establish Ahead-looking Statements. Ahead wanting Statements on this press launch embrace statements associated to the usage of proceeds from the Providing; the ultimate acceptance of the TSX Enterprise Trade; the Firm’s mineral reserve and mineral useful resource estimates; the timing and quantity of future manufacturing from the Koné undertaking; expectations with respect AISC of the Koné undertaking; anticipated mine lifetime of the Koné undertaking; and anticipated recoveries and grades of the Koné undertaking. Ahead-looking Statements contain varied dangers and uncertainties and are primarily based on sure elements and assumptions. There could be no assurance that such statements will show to be correct, and precise outcomes and future occasions might differ materially from these anticipated in such statements. Vital elements that might trigger precise outcomes to vary materially from the Firm’s expectations embrace uncertainties inherent within the preparation of mineral reserve and useful resource estimates and definitive feasibility research such because the Mineral Reserve Estimate and the UFS, together with however not restricted to, assumptions underlying the manufacturing estimates not being realized, incorrect price assumptions, surprising variations in amount of mineralized materials, grade or restoration charges, surprising adjustments to geotechnical or hydrogeological issues, surprising failures of plant, gear or processes, surprising adjustments to availability of energy or the ability charges, failure to keep up permits and licenses, greater than anticipated curiosity or tax charges, hostile adjustments in undertaking parameters, unanticipated delays and prices of consulting and accommodating rights of native communities, environmental dangers inherent within the Côte d’Ivoire, title dangers, together with failure to resume concessions, unanticipated commodity value and trade price fluctuations, dangers referring to COVID-19, delays in or failure to obtain entry agreements or amended permits, and different danger elements set forth within the Firm’s 2023 AIF underneath the heading “Threat Components”. The Firm undertakes no obligation to replace or revise any Ahead-looking Statements, whether or not because of new data, future occasions or in any other case, besides as could also be required by regulation. New elements emerge once in a while, and it isn’t potential for Montage to foretell all of them, or assess the impression of every such issue or the extent to which any issue, or mixture of things, might trigger outcomes to vary materially from these contained in any Ahead-looking Assertion. Any Ahead-looking Statements contained on this press launch are expressly certified of their entirety by this cautionary assertion.

NON-GAAP MEASURES

This press launch contains sure phrases or efficiency measures generally used within the mining trade that aren’t outlined underneath Worldwide Monetary Reporting Requirements (“IFRS”), together with money prices and AISC (or “all-in sustaining prices”) per payable ounce of gold bought and per tonne processed and mining, processing and working prices reported on a unit foundation. Non-GAAP measures don’t have any standardized that means prescribed underneath IFRS and, subsequently, they might not be similar to comparable measures employed by different corporations. The Firm discloses “money prices” and “all-in sustaining prices” and different unit prices as a result of it understands that sure traders use this data to find out the Firm’s potential to generate earnings and money flows to be used in investing and different actions. The Firm believes that standard measures of efficiency ready in accordance with IFRS, don’t totally illustrate the flexibility of mines to generate money flows. The measures, as decided underneath IFRS, should not essentially indicative of working revenue or money flows from working actions. The measures money prices and all-in sustaining prices and unit prices are thought of to be key indicators of a undertaking’s potential to generate working earnings and money flows. Non-GAAP monetary measures shouldn’t be thought of in isolation as an alternative choice to measures of efficiency ready in accordance with IFRS and should not essentially indicative of working prices, working revenue or money flows introduced underneath IFRS. Readers also needs to seek advice from our administration’s dialogue and evaluation, out there underneath our company profile at www.sedarplus.ca for a extra detailed dialogue of how we calculate such measures.

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SOURCE Montage Gold Corp.

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