The TSX Venture Exchange has accepted for filing documentation pertaining to an arm's-length subscription agreement between Montage Gold Corp. and African Gold Ltd. Pursuant to the agreement, the company may acquire up to a 19.9-per-cent ownership interest in African Gold.

As consideration for the acquisition, the company will issue up to an aggregate of 2,026,388 common shares to African Gold.

Further, as part of the transaction, the company will obtain certain investor rights, participation rights and board nomination rights. Further, the company has entered into a project rights agreement with African Gold, through which the company is entitled to certain project-related rights.

For further details, please refer to the company's news releases dated March 24, 2025, and April 7, 2025.