MONTAGE GOLD SETS SHORT-TERM DISCOVERY TARGET OF MORE THAN 1 MILLION OUNCES OF HIGHER-GRADE M&I RESOURCES

2024’s first drill marketing campaign used to be finished on the finish of July, totalling 30,170 metres at a value of roughly US$4 million, with the objective of prioritizing key objectives for the then drill programme. The drill programme effectively showed mineralisation in any respect 14 objectives that have been drilled. A 2nd 2024 drilling marketing campaign, totalling 60,000 metres at an approximate value of US$8 million, commenced mid-September with the objective of delineating assets at decided on complicated objectives by way of year-end, along with proceeding to drill examine and journey alternative objectives.

Martino De Ciccio, CEO of Montage, commented: “We’re more than happy with the fast journey that we’re making to boost up our Koné undertaking against a building founding, generation in the hunt for to additional liberate worth by way of making an investment in exploration. The drill effects revealed lately, together with the exhaustive overview of ancient geological knowledge, ascertain the prospectivity of the Koné section and lend self assurance in our skill to temporarily upload increased grade satellites.

Additionally, in sequence with our loyalty to responsibility and transparency, we’re happy to eager an competitive Steady and Indicated Useful resource discovery goal of a minimum of 1 million oz at a grade of greater than 1 g/t Au, which might be 50% increased in comparison to the flow Koné warehouse grade, to be completed earlier than the graduation of manufacturing. This might constitute vital returns on our exploration funding and aligns with our strategic goal of boosting manufacturing from the graduation of manufacturing generation keeping up an annual manufacturing of a minimum of 300koz for greater than 10 years.

Following the hot award of our mining allow, we now sit up for additional derisking the Koné undertaking with the development of graphic engineering and concluding our financing procedure. This might additional assemble at the momentum generated to journey our technique of making a premier African gold manufacturer and turning in worth for all our stakeholders.”

Silvia Bottero, EVP Exploration of Montage said: “We’re very excited to be abruptly advancing exploration at our Koné undertaking given the prospectivity of the section, with the objective of temporarily delineating high-grade satellite tv for pc objectives which can also be slotted into the mine plan from the graduation of the operation. Additionally, the exhaustive geological overview carried out, together with the finest drill effects acquired from the continued exploration programme, underpins our self assurance in surroundings competitive temporary discovery objectives to temporarily unlocking worth thru exploration.

Our exploration technique is interested in each delineating assets within the temporary generation additionally making ready for medium and longer-term exploration luck, by way of incessantly advancing exploration objectives from conceptual degree thru to the useful resource delineation segment. For the reason that we have now already known 52 exploration objectives, which might be at diverse levels of development, we’re similarly allocating our drilling capability to fast useful resource delineation and to journey early degree objectives. We’re very excited to pursue early-stage reconnaissance drilling as we imagine that we’re simply scratching the outside for the reason that Koné is one in every of West Africa’s biggest gold initiatives by way of land section and is situated in an excessively beneficial geological surroundings, being on the junction of main shearing constructions website hosting multimillion ounce deposits.

Past our Koné undertaking, we also are making just right journey on our strategic goal of establishing a standalone greenfield exploration portfolio, by way of making use of for extremely potential farmlands within the pocket, with the objective of sourcing our then construction undertaking thru our exploration luck.

Finally, I’d love to thank our exploration group for his or her vital efforts and willpower to reaching fast luck. I’d additionally like to increase a heat welcome to the numerous that experience cheerfully joined our exploration group given our ordinary goal of unlocking worth in the course of the execution of our confirmed exploration method.”

ABOUT THE EXPLORATION PROGRAMME

Exploration Outlook and Objectives

Management believes that significant potential exists to add further higher-grade satellites, with the aim of enhancing the profile of the Koné project by slotting these discoveries early in the mine plan. In line with its commitment to accountability and transparency, management has set an aggressive target of discovering of at least 1 million ounces of Measured and Indicated Resources at a grade of over 1 g/t Au, which would be 50% higher compared to the current Koné deposit grade, to be achieved before the commencement of production. This confidence is supported by the success of the ongoing exploration programme, and the potential identified through the exhaustive screening and ranking methodology as described in the section below entitled “Strategic Exploration Method“.

Attaining the eager exploration goal would constitute a vital go back at the exploration funding and aligns with the Corporate’s strategic goal of boosting manufacturing from the graduation of manufacturing generation keeping up an annual manufacturing of a minimum of 300koz for greater than 10 years. As proven in Determine 1 under, the target is to duplicate the hot exploration luck which resulted within the addition of the Gbongogo Primary increased grade satellite tv for pc warehouse (10.7MT at 1.43g/t Au containing 490koz of Possible Reserves¹) which is to be combined with the Koné warehouse ore feed over the primary 3 years of operations, to bring about a median gold manufacturing of 349,000 oz according to 12 months all the way through this era for the reason that the Gbongogo Primary warehouse accumulation grade is roughly 95% increased than that of the Koné warehouse ore feed over the hour of mine¹.

Evaluate of Exploration Objectives

In response to the fresh drill knowledge won and the under described exhaustive overview of all to be had ancient geological knowledge, the selection of known exploration objectives has larger from 35, as prior to now reported in July 2024, to 52 objectives throughout 6 mineralised tendencies along with the Koné warehouse, as proven in Determine 2 under.

In general, 26 exploration objectives are situated inside the accepted mining section inside of 3 main tendencies (Gbongogo-Korotou Pattern, Lokolo Pattern and Bafretou-Niondje Pattern) which might be situated related the deliberate haul highway, and host possible for increased grade discoveries. At the exploration lets in, an extra 26 objectives had been known throughout 4 main tendencies (Gbongogo-Korotou Pattern, Sissédougou Pattern, Yere Pattern and TZ4 Pattern), which additionally hosts the potential of increased grade mineralisation. Exploration efforts are interested in each the mining accepted section, because of its possible fast advantages, in addition to at the exploration allow to the north given the supremacy age required from discovery to allowing. Control anticipates {that a} trucking distance of 75km would lead to an affect of roughly 0.2 g/t Au at the cut-off grade, thereby supporting its technique of concentrated on over 1 g/t Au discoveries that have the possible to displace 0.7 g/t Au subject matter sourced from the Koné warehouse. 

Strategic Exploration Method

The Corporate’s exploration technique utilises a well-established and examined method in accordance with a scientific strategy to prioritise exploration efforts by way of weighing geological prospectivity in opposition to possible operational and financial parameters together with strategic issues.

As a settingup level, a complete overview of all to be had geological knowledge used to be carried out by way of analysing geological maps, go categories, structural knowledge, floor geology, geochemistry, geophysics, regolith mapping, alteration profiles, drilling knowledge, cores, research of artisanal mining job, outcrops, and alternative survey knowledge. This information, supplemented by way of the spare knowledge accrued all the way through the primary drilling programme of 2024, has resulted within the id of 52 exploration objectives throughout 6 mineralised tendencies, which represents a vital building up over the 35 exploration objectives prior to now reported in July 2024. This strategy of assessing the potential for every goal is a continual and reiterative procedure in accordance with the provision of fresh geological knowledge.

Given the immense selection of known objectives, and to deliver to align exploration efforts to company strategic targets, objectives have been next screened and ranked primarily based no longer most effective on geological possible (equivalent to possible grade and possible dimension) but additionally in accordance with possible operational and financial parameters (equivalent to possible metallurgical houses, possible strip ratio, distance to the envisaged Koné processing plant, and so forth). Finally, a brief, medium and long-term workplan used to be evolved in accordance with the rating of the objectives and alternative strategic issues, equivalent to anticipated lead-time from discovery to allowing. On account of this workout, a workplan has been evolved to succeed in the temporary goal of finding greater than 1 million oz of spare Steady and Indicated Sources at a grade of over 1 g/t Au, which might be 50% increased in comparison to the flow Koné warehouse grade, by way of the age manufacturing commences.

Determine 3 under outlines the Koné exploration objectives and their rating in line with their related degree of geological and engineering knowledge.

2024 Exploration Programme

2024’s first drill marketing campaign used to be finished on the finish of July, totalling 30,170 metres at a value of roughly US$4 million, with the objective of prioritizing key objectives for the then drill programme. Precedence used to be attributed to raised grade objectives situated inside the mining allow section (in proximity to the haul highway) and to towering grade objectives situated inside the exploration allow (because of the lead-time required to outline assets and acquire the mining allow). The drill programme effectively showed mineralisation in any respect 14 objectives that have been drilled.

As graphic in Desk 1 under, the 30,170-metre drill programme used to be finished throughout 1,206 holes, which comprised 19 Diamond Drilling (“DD”) holes for 1,765 metres, 113 Opposite Movement (“RC”) holes for 11,193 metres, 342 Aircore holes for 11,872 metres, and 740 Auger holes for five,340 metres.

Desk 1: Just lately finished drill program breakdown

The primary targets of the drilling programme numerous by way of section, as graphic under:

• Diouma North, Gbongogo South, Lokolo Primary and Sissédougou (ANV) objectives: End up the endurance of mineralisation and resolve their possible scale
• Bafretou 2, Sena, Niondje, Lokolo South 2 objectives: Apply-up on ancient intercepts to travel those objectives in the course of the exploration pipeline
• Sissédougou (Koban North) goal: Re-interpret and make sure ancient knowledge 
• Bafretou 3, Marahoué Hole, Gbongogo-Korotou Pattern, Yere objectives: Manufacture fresh objectives alongside untested geochemical or structural tendencies

Noteceable intercepts from the continued 2024 drilling marketing campaign come with:

• Gbongogo South: 9m at 5.01 g/t Au (incl. 1m at 40.70 g/t Au) and 13m at 1.53 g/t Au and 9m at 1.75 g/t Au
• Diouma North: 22m at 2.90 g/t Au, 17.45m at 2.74g/t Au, 14m at 8.04g/t Au and 23m at 1.52 g/t Au
• Lokolo Primary: 12m at 6.60g/t Au, 8m at 5.56 g/t Au and 5m at 2.70 g/t Au
• Sissédougou / ANV: 51m at 2 g/t Au (incl. 1m at 18.86 g/t Au), 19m at 3.08g/t Au and 13m at 4.00 g/t Au (incl. 1m at 13.65 g/t Au) and 17m at 1.86 g/t Au and 23m at 2.30 g/t Au (incl. 1m at 12.02g/t Au)
• Yere North: 14m at 1.62g/t Au

Noteceable effects are additional graphic in Appendix 2 with complete effects to be had here.

A 2nd 2024 drilling marketing campaign, totalling 60,000 metres for an approximate value of US$8 million, commenced mid-September. The drilling metreage is anticipated to be similarly fracture between a scientific infill drill programme on decided on complicated objectives (with the objective of delineating assets by way of year-end) and drilling to proceed to journey alternative objectives. As well as, in accordance with the journey being made to travel fresh objectives against useful resource delineation situation and rig availability, Montage may also assess the possible to behavior a mini step-out drill marketing campaign on the Koné and Gbongogo deposits to additional review the endurance of the orebody.

DETAILS BY SELECTED TARGETS

Gbongogo South confirms possible for Gbongogo mineral useful resource extension

As proven in Determine 4 under, Gbongogo South is positioned roughly 250 metres south of the Gbongogo major pit and has direct get entry to to the deliberate Koné-Gbongogo Primary haul highway, inside the mining allow boundary. The primary 2024 drill programme showed the endurance of mineralisation from floor as much as 100 metres intensity over a collision of over 300 metres. Mineralisation is lithologically constrained, most commonly following the touch between the rhyolite-footwall touch and the graywacke-conglomerate placing wall. Gbongogo South additionally presentations localised diffusion of quartz-tourmaline veins which might be related to increased grade gold intercepts. Mineralisation residue not hidden alongside collision and downdip.

The primary 2024 drilling programme effectively showed the potential of Gbongogo to increase additional south because of considerably bettering the definition of mineralisation. As proven in Determine 5 under, effects have been outlined from oriented drill-holes perpendicular to the interpreted mineralised constructions that enabled an interpretation of an estimated 40-metre broad hall by which more than one mineralised zones happen. In This autumn-2024, the drilling programme is anticipated to incorporate systematic infill drilling on Gbongogo South with the target of delineating a maiden mineral useful resource estimate. The spare holes try to delineate extensions each alongside collision and ill dip on recognized mineralisation.

Lokolo Pattern presentations possible to host more than one higher-grade satellites

The Lokolo Pattern is situated adjoining to the primary haul highway and inside the absolutely accepted Koné-Gbongogo mining section. The Lokolo Pattern, which follows the north-east trending Séguéla-Syama regional construction, has been prior to now explored returning higher-grade mineralised intercepts at Lokolo Primary, in flip founding the foundation for the primary 2024 drill programme. Host rocks are a bundle of volcanic rocks together with silicified rhyolite, andesites and foliated mafic volcanic schists. Upper grade mineralisation is related to quartz-diorite intrusions plunging to the SE-SSE. Mineralisation inside the Lokolo Pattern residue not hidden at intensity and alongside collision, following a continual 9km floor geochemical anomaly.

The primary 2024 drilling programme explored 4 of a complete of 8 objectives within the Lokolo section, probably the most complicated of which, Lokolo Primary, persevered to lend higher-grade intercepts as proven in Determine 6 under.

As proven in Figures 6 and seven, the primary 2024 drilling programme showed that mineralisation is not hidden alongside collision and domestically hosted in an interpreted NE/SW trending shear zone showing robust foliation, sericite alteration and quartz veining. The second one 2024 drilling programme comprises systematic infill drilling over the central section of Lokolo Primary aiming to increase mineralisation alongside collision and at intensity with the target that, with confirmatory effects, a maiden useful resource can also be delineated by way of 12 months finish.

Sissédougou Pattern returns promising higher-grade intercepts

Following the former encouraging exploration effects won at the Sissédougou Pattern, the primary 2024 drill programme persevered to judge the potential for this goal, returning additional higher-grade intercepts. Particularly, the Anomaly 5 goal (“ANV”) returned a order of towering grade intercepts, while confirming the endurance of the mineralised development alongside collision. The ANV mineralisation is structurally managed, website hosting an array of gold bearing quartz veins within a sheared, sub-vertical bundle of siliclastic sediments. The effects, as proven in Determine 8, complement the ancient drill effects produced by way of Los angeles Mancha and Endeavour Mining between 2012 and 2017, and lend larger encouragement over the endurance of the mineralisation.

Persevered journey at the Gbongogo-Korotou, Bafretou-Niondje and Yere Traits

Previous within the 12 months the Corporate introduced effects from the Diouma North Goal, with diamond drilling highlights together with 17 metres at 2.74 g/t Au and 22 metres at 1.52 g/t Au. The Diouma North goal will stay a concern goal for the second one 2024 drill marketing campaign.

North of the Gbongogo and Diouma objectives lies the adjoined Korotou development (collectively labeled in Determine 2 above and denoted because the Gbongogo-Korotou Pattern). Preliminary prospectivity used to be known the usage of a mix of airborne VTEM imagery, regional geology and intrinsic working out of the section’s structural surroundings. Alternatively, all the way through regolith mapping it used to be known that the Korotou section is roofed by way of each alluviums and a thick cuirasse interpreted as no longer in-situ. In consequence, same old ground sampling campaigns are useless at the barricade.

In consequence, Montage has carried out a close-spaced auger drilling marketing campaign consisting of a systemic protection over all of the development, as proven in Determine 9, with effects offering a deeper sourced, extra correct sampling. Auger holes have been drilled each 50 metres alongside strains with a 100-metre spacing alongside collision of the craze, masking a complete north-south extension of 6km. To time, over 90% of the assays had been won. Goal definition has subsequently been advanced alongside the Korotou Pattern and the effects are aiding with making ready objectives with larger accuracy forward of a scientific test-drilling campaigns the usage of AC/RC drilling.

Previous within the 12 months, the Corporate revealed effects from the Yeré North goal, a 2km-long gold constant development situated on the Northeast of the Yere Primary goal which is a 14km gold in-soil untested geochemical anomaly. The primary segment of RC drilling intersected 23 metres at 12.91g/t Au (together with 13 metres at 21.03g/t Au) in oxides generation follow-up core drilling intersected 14 metres grading 1.62g/t Au (Hollow SDDDH003) and four.4 metres grading 2.08g/t Au (Hollow SDDDH001). Additional paintings is ongoing and the anticipation might be adopted up with drilling in the end given the shallow and towering grade nature of the mineralisation.

Within the Bafretou Pattern adjoining to the primary haul highway, certain effects have been yielded from wind core drilling in Bafretou 2 (10 metres at 1.21 g/t Au) and Bafretou 3 (8 metres at 1.78g/t Au). Additional test-drilling will snatch playground at the Bafretou-Niondje and Yere Traits all the way through the second one 2024 drilling marketing campaign.

NEXT STEPS:

• Execution of the second one 2024 drilling marketing campaign, totalling 60,000 metres, during the left-overs of the 12 months, with a persevered center of attention on systematic in-fill drilling on towering precedence objectives and drill trying out of alternative objectives to travel them in the course of the exploration pipeline
• Continuation of additional reconnaissance, mapping, ground sampling and Auger drilling to outline ground anomalies underneath transported alluviums and cuirasse
• Goal maiden mineral assets on choose complicated objectives by way of 12 months finish 2024

Neither TSX Mission Change nor its Law Services and products Supplier accepts duty for the adequacy or accuracy of this leave.

ABOUT MONTAGE GOLD CORP.

Montage Gold Corp. (TSXV: MAU) is a Canadian-listed corporate interested in turning into a premier multi-asset African gold manufacturer, with its flagship Koné undertaking, situated in Côte d’Ivoire, at the leading edge. In response to the Feasibility Find out about revealed in 2024, the Koné undertaking ranks as probably the most best possible attribute gold initiatives in Africa with an extended 16-year mine hour and sizeable annual manufacturing of +300koz of gold over the primary 8 years. Over the process 2024, the Montage control group might be leveraging their in depth monitor file in growing initiatives in Africa to journey the Koné undertaking against a building founding.

TECHNICAL DISCLOSURE

Mineral Useful resource and Conserve Estimates

The Koné and Gbongogo Primary Mineral Useful resource Estimates have been performed by way of Mr. Jonathon Abbott of Matrix Useful resource Experts of Perth, Western Australia, who is thought of as to be distant of Montage Gold. Mr. Abbott is a member in just right status of the Australian Institute of Geoscientists and has ample enjoy which is related to the commodity, taste of mineralisation into consideration and job which he’s endeavor to qualify as a Certified Individual underneath NI 43–101.

The Mineral Conserve Estimate used to be performed by way of Ms. Joeline McGrath of Carci Mining Experts Ltd., who is thought of as to be distant of Montage Gold. Ms. McGrath is a member in just right status of the Australian Institute of Mining and Metallurgy and has ample enjoy which is related to the paintings which she is endeavor to qualify as a Certified Individual underneath NI 43–101.

2024 Exploration

All exploration paintings on Kone undertaking is designed and performed underneath the supervision of Montage Gold Corp, Govt Vice President, Exploration, Silvia Bottero, a registered Skilled Herbal Scientist with the South African Council for Herbal Medical Professions (SACNASP) and Certified Individual as outlined in Nationwide Tool 43-101 evolved by way of the Canadian Securities Directors.

Samples old for the effects described above come from diamond Drilling Holes and are in accordance with 1 metre composite pattern. Core samples had been abbreviation in two by way of core blade on the camp amenities next shipped by way of highway to Bureau Veritas facility in Abidjan, Côte d’Ivoire.

For RC drilling, samples have been gathered over 1 metre downhole durations from the bottom of the cyclone and fracture with a three-tier riffle fracture. 3 kilograms samples have been gathered next shipped by way of highway to Bureau Veritas facility in Abidjan, Côte d’Ivoire. All samples had been beaten to 2mm (80% passing) with 1 kilogram fracture out for pulverization to 75μm (85% passing) next analysed by way of hearth assay the usage of a 50-gram rate. 

Garden reproduction samples are taken, and blanks and requirements are inserted by way of Montage geologists into the pattern order at a fee of one in every of every pattern kind according to 25 samples. This guarantees that there’s a minimal 4% QA/QC pattern insertion fee carried out to every hearth assay quantity. The sampling and assaying are monitored and audited thru research of those QA/QC samples by way of a specialist distant of Montage. QA/QC has been designed to be in sequence with trade best possible requirements and to persist with NI 43-101 requirements and the translation reviewed by way of the Certified Individual. Particular person batches are monitored for Usual and Unfilled failure all the way through import to the database, while long run QAQC tendencies are monitored on a periodic foundation by way of Jonathan Hunt, guide distant of Montage and Chartered Geologist of the Geological Public of London. 

For additional main points of the information verification undertaken, exploration modes undertaken and related QA/QC systems, and the translation thereof, and the guesses, parameters and modes old to manufacture the Mineral Useful resource Estimates and the Mineral Conserve Estimate for the Koné Gold Challenge, refer to the UFS, entitled “Koné Gold Project, Côte d’Ivoire Updated Feasibility Study National Instrument 43-101 Technical Report” and filed on SEDAR+ at www.sedarplus.ca. Readers are inspired to learn the UFS in its entirety, together with all {qualifications}, guesses and exclusions that relate to the main points summarized on this information leave. The UFS is meant to be learn as a complete, and categories will have to no longer be learn or relied upon out of context.

Effects for exploration drillholes old please see parameters: 0.3 g/t Au abbreviation off for samples, 0.5 g/t Au minimal worth composite and a couple of.0 metre most intermission dilution space. Composite durations constitute (obvious) downhole thickness. “Including” represents >10 g/t Au.

QUALIFIED PERSONS STATEMENT

The clinical and technical contents of this press leave had been verified and authorized by way of Silvia Bottero, BSc, MSc, a Certified Individual pursuant to NI 43-101. Mrs. Bottero, EVP Exploration of Montage, is a registered Skilled Herbal Scientist with the South African Council for Herbal Medical Professions (SACNASP), a member of the Geological Public of South Africa and a Member of AusIMM.

FORWARD-LOOKING STATEMENTS

This press leave incorporates sure forward-looking knowledge and forward-looking statements inside the which means of Canadian securities law (jointly, “Forward-looking Statements”). All statements, alternative than statements of ancient truth, represent Ahead-looking Statements. Phrases equivalent to “will”, “intends”, “proposed” and “expects” or alike expressions are supposed to spot Ahead-looking Statements. Ahead-looking Statements on this press leave come with statements homogeneous to the Corporate’s mineral accumulation and useful resource estimates; the Corporate being heading in the right direction to bring stellar effects; the timing and quantity of era manufacturing from the Koné Gold Challenge; expected mining and processing modes of the Koné Gold Challenge; expected mine hour of the Koné Gold Challenge; centered enhancements within the manufacturing profile; anticipated timing of graduation and final touch of our said drill systems in 2024; result of the drill systems together with centered additions to the estimated mineral assets on the Koné Gold Challenge, and the timing thereof; the status quo of satellite tv for pc deposits and the improvement of those deposits; anticipated fixes and grades of the Koné Gold Challenge; timing in admire of the graduation of building, and the space of building, of the mining operations on the Koné Gold Challenge; timing and quantity of essential financing homogeneous to the mining operations on the Koné Gold Challenge; and timing for lets in and concessions, together with that the Corporate will obtain all approvals essential to assemble the undertaking and exploration plans for 2024.

Ahead-looking Statements contain diverse dangers and uncertainties and are in accordance with sure components and guesses. There’s no oath that any financial satellite tv for pc deposits might be found out, and if found out ever evolved or mined. There can also be incorrect oath that any Ahead-looking Statements will turn out to be correct, and latest effects and era occasions may vary materially from the ones expected in such statements. Remarkable components that might purpose latest effects to vary materially from the Corporate’s expectancies come with uncertainties inherent within the preparation of mineral accumulation and useful resource estimates and definitive feasibility research such because the Mineral Conserve Estimate and the UFS, and in delineating fresh mineral accumulation and useful resource estimates, together with however no longer restricted to, guesses underlying the manufacturing estimates no longer being learned, wrong value guesses, sudden diversifications in bundle of mineralized subject matter, grade or cure charges being not up to anticipated, sudden antagonistic adjustments to geotechnical or hydrogeological issues, or expectancies in that regard no longer being met, sudden disasters of plant, apparatus or processes, sudden adjustments to availability of energy or the facility charges, failure to preserve lets in and licenses, increased than anticipated passion or tax charges, antagonistic 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 fee fluctuations, delays in or failure to obtain get entry to pledges or amended lets in, and alternative possibility components eager forth within the Corporate’s 2023 Annual Knowledge mode to be had at www.sedarplus.ca, underneath the heading “10. Risks and Uncertainties”. The Corporate undertakes incorrect legal responsibility to replace or revise any Ahead-looking Statements, whether or not because of fresh knowledge, era occasions or another way, except for as is also required by way of legislation. Fresh components emerge from age to age, and it isn’t imaginable for Montage to expect they all, or assess the affect of every such issue or the level to which any issue, or aggregate of things, might purpose effects to vary materially from the ones contained in any Ahead-looking Observation. Any Ahead-looking Statements contained on this press leave are expressly certified of their entirety by way of this cautionary remark.

NON-GAAP MEASURES

This press leave comprises sure phrases or efficiency measures recurrently old within the mining trade that don’t seem to be outlined underneath World Monetary Reporting Requirements (“IFRS”), together with AISC or “all-in sustaining costs” according to payable ounce of gold offered and according to tonne processed and mining, processing and running prices reported on a unit foundation. Non-GAAP measures would not have any standardized which means prescribed underneath IFRS and, subsequently, they will not be similar to alike measures hired by way of alternative corporations. The Corporate discloses “all-in sustaining costs” and alternative unit prices as it understands that sure traders virtue this knowledge to resolve the Corporate’s skill to generate profits and money flows for virtue in making an investment and alternative actions. The Corporate believes that standard measures of efficiency ready in line with IFRS, don’t absolutely illustrate the power of mines to generate money flows. The measures, as progressive underneath IFRS, don’t seem to be essentially indicative of running benefit or money flows from running actions. The measures money prices and all-in maintaining prices and unit prices are regarded as to be key signs of a undertaking’s skill to generate running profits and money flows. Non-GAAP monetary measures will have to no longer be regarded as in isolation as an alternative choice to measures of efficiency ready in line with IFRS and don’t seem to be essentially indicative of running prices, running benefit or money flows introduced underneath IFRS. Readers will have to additionally the following our control’s dialogue and research, to be had underneath our company profile at www.sedarplus.ca for a extra graphic dialogue of the way we calculate such measures.

APPENDIX 1: Koné mineralisation tendencies and goal ratings and places

^{Supply for Indicated Sources said in map above: Up to date Feasibility Find out about press leave dated January 16, 2024 to be had on Montage’s web page and on SEDAR+. See “Technical Disclosure”.}

APPENDIX 2: BEST SELECTED INTERCEPTS

*Effects prior to now revealed. Complete drill effects are to be had by way of clicking here.

SOURCE Montage Gold Corp.

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