Geophysical Survey Determine 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 Basic and Particular Assembly held on June 7, 2024 (the “Assembly”).

As per the nominees set forth, Ron Hochstein , Richard P. Clark , David Subject , 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 authorized 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 authorized 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 Basic Assembly are proven beneath and can be found on SEDAR at www.sedarplus.ca .

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

ABOUT Montage Gold Corp.

Montage Gold Corp. (TSXV: MAU) is a Canadian-listed firm targeted on changing into a premier multi-asset African gold producer, with its flagship Koné mission, situated in Côte d’Ivoire, on the forefront. Based mostly on the Feasibility Research revealed in 2024, the Koné mission ranks as one of many highest high quality gold initiatives 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 will likely be leveraging their in depth observe file in creating initiatives in Africa to progress the Koné mission in direction of a development launch, thereby unlocking important worth for all its stakeholders.

FORWARD LOOKING STATEMENTS

This press launch comprises sure forward-looking data and forward-looking statements throughout the which means of Canadian securities laws (collectively, “Ahead-looking Statements”). All statements, apart from statements of historic truth, represent Ahead-looking Statements. Phrases reminiscent of “will”, “intends”, “proposed” and “expects” or comparable expressions are supposed to determine Ahead-looking Statements. Ahead trying Statements on this press launch embrace statements associated to the usage of proceeds from the Providing; the ultimate acceptance of the TSX Enterprise Alternate; the Firm’s mineral reserve and mineral useful resource estimates; the timing and quantity of future manufacturing from the Koné mission; expectations with respect AISC of the Koné mission; anticipated mine lifetime of the Koné mission; and anticipated recoveries and grades of the Koné mission. 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 may differ materially from these anticipated in such statements. Necessary elements that would 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 value assumptions, surprising variations in amount of mineralized materials, grade or restoration charges, surprising adjustments to geotechnical or hydrogeological concerns, surprising failures of plant, gear or processes, surprising adjustments to availability of energy or the ability charges, failure to keep up permits and licenses, larger than anticipated curiosity or tax charges, opposed adjustments in mission 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 charge 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 below the heading “Threat Elements”. The Firm undertakes no obligation to replace or revise any Ahead-looking Statements, whether or not on account of new data, future occasions or in any other case, besides as could also be required by legislation. New elements emerge on occasion, and it isn’t potential for Montage to foretell all of them, or assess the affect 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 business that aren’t outlined below Worldwide Monetary Reporting Requirements (“IFRS”), together with money prices and AISC (or “all-in sustaining prices”) per payable ounce of gold offered and per tonne processed and mining, processing and working prices reported on a unit foundation. Non-GAAP measures should not have any standardized which means prescribed below IFRS and, subsequently, they is probably not akin 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 means 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 below IFRS, will not be 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-about to be key indicators of a mission’s means to generate working earnings and money flows. Non-GAAP monetary measures shouldn’t be thought-about in isolation as an alternative choice to measures of efficiency ready in accordance with IFRS and will not be essentially indicative of working prices, working revenue or money flows introduced below IFRS. Readers also needs to confer with our administration’s dialogue and evaluation, accessible below 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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