Mr. Martino De Ciccio reports

MONTAGE GOLD ANNOUNCES NOTICE OF ANNUAL GENERAL MEETING ALONG WITH PROPOSED DIRECTOR NOMINEES

Montage Gold Corp. will hold its annual general and special meeting on Friday, June 7, 2024. The notice of meeting and management information circular relating to the meeting has been mailed to shareholders and has been filed under the company's profile on SEDAR+.

The proposed slate of director nominees will consist of six individuals: Ron Hochstein, Richard P. Clark, Anu Dhir, David Field, Alessandro Bitelli and Martino De Ciccio. If elected, Mr. Hochstein will be proposed as the chair of the board, replacing Peter Mitchell, who is not standing for re-election. In addition, Sasha Bukacheva and Hugh Stuart will not be standing for re-election as directors. With the successful transition of the previously announced new management team complete, Mr. Stuart, Kevin Ross and Adam Spencer will be stepping down from their executive positions over the coming weeks.

Mr. Hochstein, proposed chair of the board, commented: "I would like to thank Peter Mitchell for his contributions and leadership during his time as chair of the board. I would also like to thank Sasha and Hugh for their contributions to the board during their tenure as directors. I also extend my gratitude to Hugh, Kevin and Adam for their assistance during this transition phase for the company as well as their significant contributions to the success of Montage over the years."

Shareholders as of the record date of April 26, 2024, will be eligible to vote at the meeting. Shareholders are encouraged to vote by proxy, which must be received by Endeavor Trust by 10 a.m. Vancouver time on Wednesday, June 5, 2024.

About Montage Gold Corp.

Montage Gold is a Canadian-listed company focused on becoming a premier multiasset African gold producer, with its flagship Kone project, located in Ivory Coast, at the forefront. Based on the feasibility study published in 2024, the Kone project ranks as one of the highest-quality gold projects in Africa with a long 16-year mine life, low AISC (all-in sustaining cost) of $998 per ounce over its life of mine and sizable annual production of greater than 300,000 ounces of gold over the first eight years. Over the course of 2024, the Montage management team will be leveraging their extensive record in developing projects in Africa to progress the Kone project toward an investment decision, thereby unlocking significant value for all its stakeholders.

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