Mr. Martino De Ciccio reports

MONTAGE GOLD ANNOUNCES GRADUATION TO THE TORONTO STOCK EXCHANGE

Montage Gold Corp. has received final approval from the Toronto Stock Exchange (TSX) for the listing of its common shares on the TSX. The common shares will begin trading on the TSX at market open on April 29, 2025, and will continue to trade under its current stock symbol, MAU.

In conjunction with the listing on the TSX, Montage's common shares will be voluntarily delisted from the TSX Venture Exchange, effective prior to the commencement of trading on the TSX. Shareholders are not required to exchange their share certificates or take any other action in connection with the graduation, as there will be no change in the trading symbol or the Cusip number for the common shares.

Martino De Ciccio, chief executive officer of Montage, commented: "Graduating to the TSX represents a significant milestone towards executing our strategy of becoming a premier African gold producer, as it is expected to enhance visibility, broaden our investor base, increase liquidity and provide potential index inclusion. This milestone reflects the rapid progress made to advance our flagship Kone gold project in Cote d'Ivoire, which is one of the largest gold projects currently under construction globally, and remains on budget and well on track for first gold pour in Q2 2027."

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 Peder Olsen, a qualified person pursuant to National Instrument 43-101. Mr. Olsen, who is the president and chief development officer of Montage, is a registered fellow of the Australasian Institute of Mining and Metallurgy (AusIMM).

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