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

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

As consistent with the nominees set forth, Ron Hochstein , Richard P. Clark , David Box , Alessandro Bitelli , Anu Dhir and Martino De Ciccio have been elected as administrators of the Corporate. After the Assembly the next officials have been appointed by way of the Board of Administrators:

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

A complete of 102,881,471 not unusual stocks have been voted, representing 43.03% of the Corporate’s issued and remarkable not unusual stocks as on the document date of April 26, 2024. Detailed vote casting outcomes for the 2024 Annual Normal Assembly are proven under and are to be had on SEDAR at www.sedarplus.ca .

Neither TSX Project Alternate nor its Legislation Products and services Supplier accepts duty for the adequacy or accuracy of this unencumber.

ABOUT Montage Gold Corp.

Montage Gold Corp. (TSXV: MAU) is a Canadian-listed corporate occupied with turning into a premier multi-asset African gold manufacturer, with its flagship Koné undertaking, positioned in Côte d’Ivoire, at the vanguard. In line with the Feasibility Learn about revealed in 2024, the Koné undertaking ranks as one of the vital best high quality gold tasks in Africa with an extended 16-year mine existence, 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 process 2024, the Montage control group shall be leveraging their intensive monitor document in growing tasks in Africa to growth the Koné undertaking in opposition to a development release, thereby unlocking vital price for all its stakeholders.

FORWARD LOOKING STATEMENTS

This press unencumber incorporates positive forward-looking data and forward-looking statements inside the which means of Canadian securities law (jointly, “Ahead-looking Statements”). All statements, as opposed to statements of ancient truth, represent Ahead-looking Statements. Phrases reminiscent of “will”, “intends”, “proposed” and “expects” or an identical expressions are supposed to spot Ahead-looking Statements. Ahead shopping Statements on this press unencumber come with statements associated with the usage of proceeds from the Providing; the overall acceptance of the TSX Project Alternate; the Corporate’s mineral reserve and mineral useful resource estimates; the timing and quantity of long term manufacturing from the Koné undertaking; expectancies with appreciate AISC of the Koné undertaking; expected mine lifetime of the Koné undertaking; and anticipated recoveries and grades of the Koné undertaking. Ahead-looking Statements contain more than a few dangers and uncertainties and are according to positive components and assumptions. There may also be no assurance that such statements will end up to be correct, and exact outcomes and long term occasions may just vary materially from the ones expected in such statements. Necessary components that might motive exact outcomes to vary materially from the Corporate’s expectancies come with 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 now not restricted to, assumptions underlying the manufacturing estimates now not being discovered, wrong price assumptions, surprising permutations in amount of mineralized subject material, grade or restoration charges, surprising adjustments to geotechnical or hydrogeological issues, surprising screw ups of plant, apparatus or processes, surprising adjustments to availability of energy or the ability charges, failure to deal with lets in and licenses, upper than anticipated passion or tax charges, opposed adjustments in undertaking parameters, unanticipated delays and prices of consulting and accommodating rights of native communities, environmental dangers inherent within the Côte d’Ivoire, identify dangers, together with failure to resume concessions, unanticipated commodity value and trade price fluctuations, dangers when it comes to COVID-19, delays in or failure to obtain get entry to agreements or amended lets in, and different chance components set forth within the Corporate’s 2023 AIF underneath the heading “Chance Elements”. The Corporate undertakes no legal responsibility to replace or revise any Ahead-looking Statements, whether or not because of new data, long term occasions or differently, with the exception of as is also required by way of legislation. New components emerge once in a while, and it isn’t imaginable for Montage to expect they all, or assess the have an effect on of each and every such issue or the level to which any issue, or aggregate of things, might motive outcomes to vary materially from the ones contained in any Ahead-looking Observation. Any Ahead-looking Statements contained on this press unencumber are expressly certified of their entirety by way of this cautionary observation.

NON-GAAP MEASURES

This press unencumber comprises positive phrases or efficiency measures regularly used within the mining trade that aren’t outlined underneath Global Monetary Reporting Requirements (“IFRS”), together with money prices and AISC (or “all-in maintaining prices”) consistent with payable ounce of gold bought and consistent with tonne processed and mining, processing and working prices reported on a unit foundation. Non-GAAP measures would not have any standardized which means prescribed underneath IFRS and, subsequently, they is probably not related to an identical measures hired by way of different corporations. The Corporate discloses “money prices” and “all-in maintaining prices” and different unit prices as it understands that positive buyers use this data to resolve the Corporate’s talent to generate profits and money flows to be used in making an investment and different actions. The Corporate believes that typical measures of efficiency ready in keeping with IFRS, don’t absolutely illustrate the power of mines to generate money flows. The measures, as made up our minds underneath IFRS, aren’t essentially indicative of working benefit or money flows from working actions. The measures money prices and all-in maintaining prices and unit prices are regarded as to be key signs of a undertaking’s talent to generate working profits and money flows. Non-GAAP monetary measures will have to now not be regarded as in isolation as an alternative choice to measures of efficiency ready in keeping with IFRS and aren’t essentially indicative of working prices, working benefit or money flows offered underneath IFRS. Readers will have to additionally consult with our control’s dialogue and research, to be had underneath our company profile at www.sedarplus.ca for a extra detailed dialogue of ways we calculate such measures.

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SOURCE Montage Gold Corp.

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