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MAU.TO ·

Montage Gold Corp. Plans to Release Feasibility

Corporate Updates

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Montage Gold Corp. Plans to Release Feasibility

Study Results on February 14, 2022

Vancouver, British Columbia — February 10, 2022 — Montage Gold Corp. (“Montage” or the “Company”)

(TSXV: MAU) (OTCPK: MAUTF) is pleased to provide an update on the ongoing Definitive Feasibility Study

(“DFS”) at the Koné Gold Project (“KGP”) in C ôte d’Ivoire. Montage expects to release the results of the

DFS on the Koné Gold Project to the market on February 14, 2022.

Hugh Stuart, Montage CEO, commented: “Barring any unforeseen delay, we look forward to releasing the

results of the DFS as they will represent the culmination of 15 months of hard work by our dedicated team

since the completion of the Company’s initial public offering.”

In the upcoming we eks, Montage will be participating in several marketing roadshows and investor

conferences, including the 121 EMEA Mining Investment Conference from February 22 –24, the BMO

Global Metals and Mining Conference from February 27 to March 2 and institutional marketing with Stifel

GMP from February 15–17.

Montage will also upload a pre -recorded webcast of the DFS results and corporate presentation to the

Montage website at www.montagegoldcorp.com.

ABOUT MONTAGE GOLD CORP.

Montage 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 Indicated Mineral Resource of 225Mt grading 0.59g/t

for 4.27Moz of gold, based on a 0.20g/t cut-off grade and an Inferred Mineral Resource of 22Mt grading

0.45g/t for 0.32Moz of gold, based on a 0.20g/t cut -off 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 DFS. Indicated

Mineral Resources and Inferred Mineral Resources are reported in accordance with NI 43 -101 with an

effective date of the August 12, 2021, for the Koné deposit within the KGP. Please refer to the NI 43-101

technical report entitled “NI 43-101 Technical Report Koné Gold Project Côte d’Ivoire” authored by Hugh

Stuart, a Qualified Person as defined by NI 43-101, dated October 1, 2021.

CONTACT INFORMATION

Hugh Stuart

Chief Executive Officer

[email protected]

Adam Spencer

Executive Vice President, Corporate Development

[email protected]

mobile: +1 (416) 804-9032

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.

FORWARD LOOKING STATEMENTS

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This press release contains certain forward-looking information and forward-looking statements within the meaning

of Canadian securities legislation (collectively, “Forward -looking Statements”). All statements, other than

statements of historical fact, con stitute Forward-looking Statements. Words such as “will”, “intends”, “proposed”

and “expects” or similar expressions are intended to identify Forward -looking Statements. Forward looking

Statements in this press release include statements related to the Company’s resource properties, and the

Company’s plans, focus and objectives. Forward- looking Statements involve various risks and uncertainties and are

based on certain factors and assumptions. There can be no assurance that such statements will prove to be accurate,

and actual results and future events could differ materially from those anticipated in such statements. Important

factors that could cause actual results to differ materially from the Company's expectations include uncertainties

related to fluctu ations in gold and other commodity prices, uncertainties inherent in the exploration of mineral

properties, the impact and progression of the COVID-19 pandemic and other risk factors set forth in the Company’s

final prospectus under the heading “Risk Facto rs”. The Company undertakes no obligation to update or revise any

Forward-looking Statements, whether as a result of new information, future events or otherwise, except as may be

required by law. New factors emerge from time to time, and it is not possible for Montage to predict all of them, or

assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results

to differ materially from those contained in any Forward -looking Statement. Any Forward -looking St atements

contained in this press release are expressly qualified in their entirety by this cautionary statement.