MONTAGE GOLD CORP - MAUTF STOCK NEWS

Montage Gold Inc. (TSXV: MAU, OTCQX: MAUTF) has granted a total of 3,700,000 stock options to its officers, directors, and eligible persons, exercisable over three years at $0.65 per share. Additionally, 576,923 Deferred Share Units were issued to non-executive directors and 1,023,077 Restricted Share Units to executives and management, all subject to vesting provisions. The company focuses on precious metals exploration in Côte d'Ivoire, primarily on the Koné Gold Project, which features a Probable Mineral Reserve of 161.1Mt grading 0.66g/t for 3.42M ounces of gold.

Montage Gold Corp. announces the Ivorian Council of Ministers approved the Gbongogo and Sisséplé Exploration Permits for the Mankono-Sissédougou Joint Venture. This approval is crucial for finalizing the acquisition of Mankono, expected to close soon after the Presidential decree. The firm plans an aggressive exploration program, starting with 25,000m of drilling over 14 targets. Historic exploration investments of US$20M revealed high-grade intercepts, including 135.2m at 2.63g/t gold. The Gbongogo prospect shows potential for up to 1.2Moz, enhancing the Koné Gold Project's economics significantly.

Montage Gold Corp. has appointed Richard P. Clark as the new Chief Executive Officer, effective August 29, 2022, while Hugh Stuart remains President. This leadership change aims to enhance the company's strategic direction as it moves forward with the Koné Gold Project.

Montage has successfully increased its resources since its IPO in October 2020, now reporting a 3.42Moz Mineral Reserve and plans to acquire the Mankono-Sissédougou Joint Venture to boost potential production. An aggressive exploration program is set to commence shortly.

Montage Gold Corp. has entered into an agreement to acquire a 100% interest in the Mankono-Sissédougou Joint Venture Project from Barrick Gold and Endeavour Mining for C$30 million. The acquisition includes C$14.5 million in cash and 22,142,857 common shares, along with a 2% NSR royalty. The acquisition will expand Montage's land position at the Koné Gold Project to 2,259 km². Closing of the transaction is subject to the award of the Gbongogo Exploration Permit and is expected within six months. The company plans to aggressively explore the new project area, targeting high-grade gold opportunities.

Montage Gold Corp. (TSXV: MAU, OTCPK: MAUTF) announced the appointment of Anu Dhir to its Board of Directors, effective immediately. Dhir, a co-founder of Wshingwell and seasoned mining executive, brings over 20 years of experience, particularly in Latin America. Additionally, Richard P. Clark steps down as non-executive Chair, with Peter C. Mitchell assuming the role. Montage is advancing its Koné Gold Project, which has a Probable Mineral Reserve of 3.42M ounces of gold. Dhir will receive 300,000 stock options at C$0.81 per share.

On April 25, 2022, Montage Gold Corp. (MAUTF) announced the awarding of a new exploration permit, the Sisséplé Exploration Permit, near its Koné Gold Project in Côte d'Ivoire. The permit covers 322km², expanding Montage's holdings to 983km². The company is focusing on exploring previously uncharted areas to locate higher-grade gold sources. Initial soil sampling is underway, and further geophysical surveys and drilling plans are set to define targets and assess resource potential. This development is aimed at enhancing the economics of the Koné project following a successful Definitive Feasibility Study.

Montage Gold Corp. (TSXV: MAU, OTCPK: MAUTF) announced that it has filed its Definitive Feasibility Study NI 43-101 Technical Report for the Koné Gold Project in Côte d'Ivoire on SEDAR. Dated March 14, 2022, with an effective date of February 14, 2022, the report confirms a Probable Mineral Reserve of 161.1Mt grading 0.66g/t, amounting to 3.42M ounces of gold. The project's after-tax NPV is $746M with an IRR of 35%. The feasibility study outlines a 15-year operation producing 3.06M ounces at an all-in sustaining cost of $933 per ounce.

Montage Gold Corp. (TSXV: MAU, OTCPK: MAUTF) has appointed HCF International Advisers Ltd. to aid in raising project finance for its Koné Gold Project in Côte d'Ivoire. The company has progressed significantly since its IPO in October 2020, growing from a 1.5M ounce Inferred Resource to a 3.4M ounce Probable Mineral Reserve. Following the February 14, 2022, release of a definitive feasibility study showing robust project economics, investment interest has surged. The project anticipates a payback period of 2.7 years and an average annual production of 207koz at AISC of $933/oz.

Montage Gold Corp. reports the Definitive Feasibility Study (DFS) results for the Koné Gold Project in Côte d'Ivoire, indicating substantial gold reserves and production capacities. The project holds 3.42Moz of Probable Reserves with an average production of 257koz/year over 14.8 years. Financial metrics reveal a $746M after-tax NPV5% at a $1,600 gold price, and a pre-production capital requirement of $544M. Optimizations have reduced sustaining capital by $153M. The permitting process is ongoing, backed by $10M in liquidity for further exploration.