An anonymous director reports

MONTAGE GOLD INC. ISSUES STOCK OPTIONS

Montage Gold Inc. has granted an aggregate 4,605,000 incentive stock options to certain officers, directors and other eligible persons of the company. The options are exercisable, subject to vesting provisions, over a period of three years at a price of 72 cents per share.

The company has also granted a total of 193,615 restricted share units (RSUs) to executives and senior management. The RSUs are granted in accordance with the company's restricted share unit plan. The RSUs are subject to vesting provisions.

About Montage Gold Corp.

Montage is a Canadian-based precious metals exploration and development company focused on opportunities in Ivory Coast. The company's flagship property is the Kone gold project, located in northwest Ivory Coast, which currently hosts a probable mineral reserve of 174.3 million tonnes grading 0.72 gram per tonne (g/t) for 4.01 million ounces of gold. The company released the results of a UFS on the Kone gold project on Jan. 16, 2024, outlining a 16-year gold project producing 3.57 million ounces of gold at an AISC (all-in sustaining cost) of $998 per ounce over the life of mine, with an average annual production of 223,000 ounces (oz) and a peak annual production of 378,000 oz. Montage has a management team and board with significant experience in discovering and developing gold deposits in Africa.

The Kone and Gbongogo main mineral resource estimates were carried out by Jonathon Abbott, of Matrix Resource Consultants, of Perth, Western Australia, who is considered to be independent of Montage Gold. Mr. Abbott is a member in good standing of the Australian Institute of Geoscientists and has sufficient experience that is relevant to the commodity, style of mineralization under consideration and activity that he is undertaking to qualify as a qualified person under National Instrument 43-101.

The mineral reserve estimate was carried out by Joeline McGrath, of Carci Mining Consultants Ltd., who is considered to be independent of Montage Gold. Ms. McGrath is a member in good standing of the Australian Institute of Mining and Metallurgy and has sufficient experience that is relevant to the work that she is undertaking to qualify as a qualified person under NI 43-101.

Additional information relating to Montage may be obtained or viewed under the company's profile on SEDAR+ or on the company's website.