Montage GOLD Reports Fatal Accident at Its Koné Project IN Côte D’Ivoire
Press
Release
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MONTAGE GOLD REPORTS FATAL ACCIDENT AT ITS KONÉ PROJECT
IN CÔTE D’IVOIRE
Abidjan, Côte d’Ivoire — August 14, 2025 — Montage Gold Corp. (“Montage” or the “Company”) (TSX: MAU, OTCQX: MAUTF)
is saddened to report that a Montage colleague passed away yesterday as a result of injuries sustained in an incident that
occurred during earthworks activities at the Company’s Koné project in Côte d’Ivoire.
The health, safety and welfare of our colleagues is our top priority and we are deeply saddened by this news. We extend our
sincere sympathies and support to his family, colleagues and friends.
A comprehensive internal investigation into the incident is underway, specifically as it occurred over a kilometre away from the
employee’s assigned work location. Montage will work closely with the relevant local authorities.
Construction activities were paused on August 14, 2025, and are scheduled to resume on August 15, 2025.
ABOUT MONTAGE GOLD
Montage Gold Corp. (TSX: MAU) is a Canadian-listed company focused on becoming a premier multi-asset African gold producer,
with its flagship Koné project, located in Côte d’Ivoire, at the forefront. Based on the Updated Feasibility Study published in 2024
(the “UFS”), the Koné project has an estimated 16-year mine life and sizeable annual production of +300koz of gold over the first
8 years and is expected to enter production in Q2-2027.
QUALIFIED PERSONS STATEMENT
The scientific and technical contents of this press release have been verified and approved by Mr. Peder Olsen, a Qualified Person
pursuant to NI 43-101. Mr. Olsen, President and Chief Development Officer of Montage, is a registered Fellow of the Australasian
Institute of Mining and Metallurgy (AusIMM).
CONTACT INFORMATION
For Investor Relations Inquiries:
Jake Cain
Strategy & Investor Relations Manager
+44-7788-687-567
For Media Inquiries:
John Vincic
Oakstrom Advisors
+1-647-402-6375
For Regulatory Inquiries:
Kathy Love
Corporate Secretary
+1-604-512-2959
FORWARD-LOOKING STATEMENTS
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,
constitute 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 Com pany’s objectives of achieving first gold pour in the second quarter of 2027; the Company’s mineral reserve and
resource estimates; the timing and amount of future production from the Koné Gold Project; anticipated mining and processing
methods of the Koné Gold Project; anticipated mine life of the Koné Gold Project.
Forward-looking Statements involve various risks and uncertainties and are based on certain factors and assumptions. There is
no assurance that any economic satellite deposits will be discovered, and if discovered ever developed or mined. There can be
TSX MAU OTCQX MAUTF
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no assurance that any Forward -looking 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 inherent in the preparation of mineral reserve and resource estimates and
definitive feasibility studies such as the Mineral Reserve Estimate and the UFS, and in delineating new mineral reserve and
resource estimates, including but not limited to, assumptions underlying the production estimates not being realized, incorrect
cost assumptions, unexpected variations in quantity of mineralized material, grade or recovery rates being lower than expected,
unexpected adverse changes to geotechnical or hydrogeological considerations, or expectations in that regard not being met,
unexpected failures of plant, equipment or processes (including construction equipment), delays in or increased costs for the
delivery of con struction equipment and services, unexpected changes to availability of power or the power rates, failure to
maintain permits and licenses, higher than expected interest or tax rates, adverse changes in project parameters, unanticipat ed
delays and costs of consulting and accommodating rights of local communities, environmental risks inherent in the Côte d’Ivoire,
title risks, including failure to renew concessions, unanticipated commodity price and exchange rate fluctuations, delays in or
failure to receive access agreements or amended permits, and other risk factors set forth in the Company’s 202 4 Annual
Information form available at www.sedarplus.ca, under the heading “Risk Factors”. 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 Statements contained in this press releas e are
expressly qualified in their entirety by this cautionary statement.