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Montage Gold Corp. files NI 43-101 Technical Report for the Koné Gold Project

Resource Estimates Technical Reports (NI 43-101)

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Montage Gold Corp. files NI 43-101 Technical Report for the Koné Gold Project

Vancouver, British Columbia — June 8, 2021 — Montage Gold Corp. (“Montage” or the “Company”)

(TSXV: MAU) (OTCPK: MAUTF) is pleased to announce that the Preliminary Economic Assessment NI 43-

101 Technical Report on the Koné Gold Project in Côte d’Ivoire (the “Technical Report”) has been filed on

SEDAR. The Technical Report, which is dated June 7, 2021 , has an effective date of May 25, 2021 and is

entitled “Preliminary Economic Assessment for the Koné Gold Project Côte d’Ivoire ”. The results of the

Preliminary Economic Assessment were previously disclosed in summary form in the Company’s news

release dated May 25, 2021, “Montage Announces Koné Gold Project PEA with After -Tax NPV of $652M

and 31% IRR.”

The Technical Report was prepared in accordance with the Canadian Securities Administrators’ National

Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and is available for review

under the Company’s profile on SEDAR at www.sedar.com and on the Company’s website at

www.montagegoldcorp.com.

ABOUT MONTAGE GOLD CORP.

Montage Gold Corp. is a Canadian-based precious metals exploration and development company focused

on opportunities in Côte d’Ivoire. The Company’s flagship property is the Koné Gold Project, located in

northwest Côte d’Ivoire, which currently hosts an I nferred Mineral Resource of 211Mt grading 0.59 g/t

for 4.00Moz of gold, based on a 0. 2 g/t cutoff grade. Montage has a management team and board with

significant experience in discovering and developing gold deposits in Africa. The Company is rapidly

progressing work programs at the Koné Gold Project towards completion of a Feasibility Study by the end

of 2021.

CONTACT INFORMATION

Hugh Stuart

Chief Executive Officer

[email protected]

Adam Spencer

Executive Vice President, Corporate Development

[email protected]

mobile: +1 (416) 804-9032

QUALIFIED PERSONS STATEMENT

The technical contents of this release have been approved by Hugh Stuart, BSc, MSc, a Qualified Person

pursuant to National Instrument 43 -101. Mr. Stuart is the Chief Executive Officer of the Company, a

Chartered Geologist and a Fellow of the Geological Society of London.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.