Montage Gold Inc. Issues Stock Options
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Montage Gold Inc. Issues Stock Options
Vancouver, British Columbia — November 30, 2022 — Montage Gold Inc. (“Montage” or the “Company”)
(TSXV: MAU) (OTCQX: MAUTF) announces that it has granted an aggregate 3,700,000 incentive stock
options to certain officers, directors and other eligible persons of the Company. The options are exercisable,
subject to vesting provisions, over a period of three years at a price of $0.65 per share.
The Company has also granted a total of 576,923 Deferred Share Units (“DSUs”) to non-executive Directors
and 1,023,077 Restricted Share Units (“RSUs”) to executives and senior management. The DSUs and RSUs
are granted in accordance with the Company’s Deferred Share Unit Plan and Restricted Share Unit Plan. The
RSUs are subject to vesting provisions.
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, covering a total area of 2,258km2 and w hich currently hosts a Probable Mineral
Reserve of 161.1Mt grading 0.66g/t for 3.42M ounces of gold. The Company released the results of a DFS on
the Koné Gold Project on February 14, 2022, outlining a 15-year gold project producing an estimated 3.06M
ounces of gold over life of mine, with average annual production of 207koz, and estimated peak production
of 320koz. The project also contains an Inferred Mineral Resource of 5.2Mt at 2.1g/t for 351,000oz at 1.2g/t
cut off at the Gbongogo Prospect located 30km north of the Koné deposit. Montage is executing an
exploration program in 2022/23 with the objective of discovering multiple high -grade satellite deposits to
supplement the Probable Reserves at the Koné Gold Project. Montage has a management team and Boar d
with significant experience in discovering and developing gold deposits in Africa.
CONTACT INFORMATION
Hugh Stuart Adam Spencer
President Executive Vice President, Corporate Development
[email protected] [email protected]
mobile: +1 (416) 804-9032
Additional information relating to Montage Gold Corp. may be obtained or viewed under the Company’s
profile on th e SEDAR website at www.sedar.com or on the Company’s website at
www.montagegoldcorp.com.
ADDITIONAL INFORMATION
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this news release. The information contained in this
news release was accurate at the time of dissemination but may be superseded by subsequent news
release(s). The Company is under no obligation, nor does it intend to update or revise the forward -looking
information, whether as a result of new information, future events or otherwise, except as may be required
by applicable securities laws.