Mr. Matthew Lennox-King repor

CONTACT GOLD SECURITYHOLDERS OVERWHELMINGLY APPROVE ACQUISITION BY ORLA

Contact Gold Corp.'s securityholders overwhelmingly approved the special resolution authorizing the previously announced business combination with Orla Mining Ltd. at a special meeting of its securityholders held earlier today.

Pursuant to the transaction, Orla will acquire all of the issued and outstanding common shares of Contact Gold by way of a statutory plan of arrangement under the Business Corporations Act (British Columbia). Each Contact Gold shareholder will receive 0.0063 of a common share of Orla for each share held.

The special resolution approving the transaction was approved by (i) 99.97 per cent of the votes cast by Contact Gold's shareholders present in person or represented by proxy and entitled to vote at the meeting, (ii) 99.97 per cent of the votes cast by shareholders and holders of options of Contact Gold, voting together as a single class, present in person or represented by proxy and entitled to vote at the meeting, and (iii) 99.96 per cent of votes cast by shareholders other than votes attached to shares required to be excluded pursuant to Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions .

Contact Gold will seek a final order of the Supreme Court of British Columbia to approve the transaction at a hearing expected to be held on April 25, 2024. The transaction is expected to close on or about April 29, 2024, provided all of the customary closing conditions set forth in the definitive agreement are satisfied or waived.

Further details regarding the transaction can be found in the company's management information circular dated March 20, 2024, which is filed on SEDAR+.

About Contact Gold Corp.

Contact Gold is an exploration company focused on making district-scale gold discoveries in Nevada. The company's extensive landholdings are on the prolific Carlin and Cortez gold trends which host numerous gold deposits and mines. Contact Gold's land position comprises approximately 117.4 square kilometres of target-rich mineral tenure hosting numerous known gold occurrences, ranging from early to advanced exploration and current gold resources.

We seek Safe Harbor.