MONTAGE GOLD CORP - MAUTF STOCK NEWS

Montage Gold Corp. announces the results of the Updated Definitive Feasibility Study for the Koné Gold Project in Côte d'Ivoire, including significant reserves and production, strong financial metrics, and the impact of new satellite deposits. The study demonstrates the economic viability of the project with an after-tax NPV of $1.1B and 31% IRR at a base case $1,850/oz gold price.

Montage Gold Corp. (TSXV: MAU) (OTCQX: MAUTF) provides an update on exploration and development activities at the Koné Gold Project (KGP) and a corporate update regarding executive transition in the Chief Financial Officer role. The company is nearing completion of the Environmental & Social Impact Assessment for the KGP, expected to be submitted in December 2023. Additionally, Montage is in the late stages of the updated definitive feasibility study for the KGP and expects to release results in January 2024. Initial discussions in respect of financing for the development of the KGP are ongoing, and the company is encouraged by the early interest Montage is receiving. Exploration at the KGP is ongoing, focusing on high-priority targets, including at Yeré North and Diouma North. The company also discloses the appointment of Mr. Glenn Kondo, CFO of Montage, to the role CFO of Lucara Diamond Corp. until the end of Q1 2024.

Montage Gold Corp. reports updated Mineral Resource Estimate for Koné Gold Project in Côte d'Ivoire. Indicated Mineral Resource at Gbongogo Main increases by 10% to 12.0Mt grading 1.45g/t for 559koz. Positive impact expected on production profile and economics. Total combined Indicated Mineral Resources at Koné Gold Project reach 4.83Moz. Feasibility-level metallurgical testing returns positive results. Mike Robinson joins as Côte d'Ivoire Country Manager with extensive mining operations experience. Construction decision for KGP on track.

Montage Gold Corp. (TSXV: MAU, OTCQX: MAUTF) reports significant progress at the Koné Gold Project (KGP), with ongoing drilling since November 2022. Results show high-grade intercepts across multiple targets, including Gbongogo Main and Gbongogo South. Recent highlights include:

• GBDD030: 233.7m at 2.08g/t from surface
• GBRC031: 152.7m at 2.10g/t from surface
• Yeré North: 27m at 8.97g/t, including 9m at 24.58g/t

The drilling program has expanded to 40,000m, aimed at enhancing the KGP's resources and exploring new zones of economic significance.

Montage Gold Corp. (MAU, MAUTF) announced promising drill results from its Mankono Sissédougou Joint Venture within the 2,258 sq km Koné Gold Project. The drilling program, initiated in November 2022, revealed significant intercepts including Gbongogo's 95m at 2.03g/t and Lokolo Main's 20m at 7.22g/t. The initial 6,713m of drilling has led to plans for an expanded exploration program involving three rigs. CEO Rick Clark highlighted the project's potential to enhance the KGP's economic value with high-grade discoveries slated for further evaluation. A revised feasibility study is expected by the end of 2023.

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.