Mr. Matthew Lennox-King reports

CONTACT GOLD RECEIVES FINAL COURT ORDER APPROVING ARRANGEMENT

Contact Gold Corp. has received a final order from the Supreme Court of British Columbia approving the previously announced business combination with Orla Mining Ltd.

In accordance with the terms of the arrangement agreement entered into by the company and Orla on Feb. 25, 2024, 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.

Subject to obtaining all required approvals and the satisfaction or waiver of all required conditions, the transaction is expected to close on or about April 29, 2024. Following closing of the transaction, the shares will be delisted from the TSX Venture Exchange and the OTCQB Venture Market.

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.