MONTAGE GOLD CORP - MAUTF STOCK NEWS

Montage Gold Corp. (TSXV: MAU, OTCQX: MAUTF) has announced key milestones for its 2024 Executive Short-Term and Long-Term Incentive Plans (STIP and LTIP). Following its June 2024 Annual General and Special Meeting, the Compensation Committee set objectives to align executive compensation with corporate achievements to drive stakeholder value. The 2024 STIP focuses on critical milestones for the Koné project, aiming for a Q1-2025 construction launch. Key targets include completing the Front-End Engineering Design (35%), obtaining permits (25%), securing financing (20%), and advancing exploration (20%). Performance-based objectives offer a payout multiplier from 0% to 200% based on results, with a 25% reduction for serious incidents. The LTIP awards Performance Share Units (PSUs) aligned with shareholder interests, vesting over three years based on Total Shareholder Return (TSR) performance, with caps on payouts during negative TSR periods. A total of 1,636,200 PSUs and 983,680 stock options have been granted under these programs.

On June 10, 2024, Montage Gold announced the results of its Annual General and Special Meeting held on June 7, 2024. All resolutions from the management information circular dated April 26, 2024, were passed. Directors elected include Ron Hochstein, Richard P. Clark, David Field, Alessandro Bitelli, Anu Dhir, and Martino De Ciccio. Key officer appointments were also made. Shareholders reappointed PricewaterhouseCoopers as the company's auditors and approved the Omnibus Equity Incentive Plan. A total of 102,881,471 common shares were voted, representing 43.03% of the outstanding shares. Detailed voting results are available on SEDAR.

Montage Gold has announced its Annual General and Special Meeting (AGM) scheduled for June 7, 2024. The meeting will see a slate of six director nominees: Ron Hochstein, Richard P. Clark, Anu Dhir, David Field, Alessandro Bitelli, and Martino De Ciccio. Ron Hochstein is proposed as the new Chair of the Board, replacing Peter Mitchell. Directors Sasha Bukacheva and Hugh Stuart will not be standing for re-election, and executives Hugh Stuart, Kevin Ross, and Adam Spencer will be stepping down following management transition. Shareholders as of April 26, 2024, are eligible to vote, and proxies must be submitted by June 5, 2024, 10:00 a.m. Vancouver Time.

Montage Gold Corp. has received an Environmental Permit for its Koné project in Côte d'Ivoire, with President Alassane Ouattara expressing support. The company is set to receive all approvals by H2-2024, aiming to become a leading African gold producer.

Montage Gold Corp. appoints Constant Tia as the new Chief Financial Officer, bringing in 18 years of mining industry experience with a focus on finance and major capital projects in West Africa. Tia's background at Kinross Gold and expertise in establishing finance functions will be crucial for Montage's growth and the Koné project. The company aims to become a premier African gold producer with a strong local presence in Côte d'Ivoire.

Montage Gold Corp. appoints Silvia Bottero as Executive Vice President of Exploration, enhancing its leadership team with her proven track record in discovering significant gold resources in Côte d'Ivoire. Bottero's extensive experience in Africa and strong stakeholder relationships will be crucial for Montage's strategic objectives of enhancing the Koné project and building a greenfield exploration portfolio across Africa.

Montage Gold Corp. closes non-brokered private placement, raising approximately C$35.2 million for the Koné project and nearby exploration. Lundin Family and insiders heavily involved in the Offering.

Montage Gold Corp. increases non-brokered private placement financing to 50,000,000 common shares at C$0.70 per share, raising C$35 million for exploration and development.

Montage Gold Corp. announces key leadership appointments and a strategic financing plan to advance the Koné Gold Project in Côte d'Ivoire. Martino De Ciccio appointed as CEO, Peder Olsen as Chief Development Officer, and Ron Hochstein to the Board. The company launches a C$20 million financing at a premium price of C$0.70/share, with a strategic investment by the Lundin Group. The funds will be utilized for project development and exploration activities.