Mr. Martino De Ciccio reports

MONTAGE GOLD RECEIVES CONDITIONAL APPROVAL TO GRADUATE TO THE TORONTO STOCK EXCHANGE

Montage Gold Corp. has received conditional approval from the Toronto Stock Exchange (TSX) to graduate from the TSX Venture Exchange to the TSX. The company anticipates completing the graduation in the coming weeks.

Martino De Ciccio, chief executive officer of Montage, commented: "Building on the momentum generated over the last year to progress our strategy of creating a premier African gold producer, we are eager to graduate to the TSX, as it is expected to continue to enhance our visibility, broaden our investor base, increase liquidity and provide eligibility for potential index inclusion. This upcoming capital markets milestone reflects the rapid progress made to derisk our business and the high quality of our flagship Kone gold project in Cote d'Ivoire, where construction continues to rapidly advance on budget, with first gold pour well on track for Q2 2027."

Final approval of the listing is subject to the company fulfilling certain customary conditions required by the TSX. The company is working diligently to satisfy the listing requirements and is confident it will be able to satisfy all requirements. Montage will issue a further statement once the TSX confirms the date on which trading on the TSX will commence. Upon completion of the final listing requirements, Montage's common shares will be delisted from the TSX-V and commence trading on the TSX under the symbol MAU.

Shareholders are not required to exchange their share certificates or take any other action in connection with the TSX listing, as there will be no change in the trading symbol or Cusip number for the common shares.

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 updated feasibility study published in 2024, the Kone project has an estimated 16-year mine life and sizable annual production of greater than 300,000 ounces of gold over the first eight years, and is expected to enter production in the second quarter of 2027.

Qualified person statement

The scientific and technical contents of this press release have been verified and approved by Silvia Bottero, BSc, MSc, a qualified person pursuant to National Instrument 43-101. Ms. Bottero, who is the company's executive vice-president of exploration, is a registered professional natural scientist with the South African Council for Natural Scientific Professions (SACNASP), a member of the Geological Society of South Africa and a member of the Australasian Institute of Mining and Metallurgy.

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