MONTAGE GOLD CLOSES C$35 MILLION PRIVATE PLACEMENT

March 12, 2024

ABIDJAN, Côte d’Ivoire, March 12, 2024 /PRNewswire/ – Montage Gold Corp. (“Montage” or the “Company”) (TSXV: MAU) (OTCQX: MAUTF) is pleased to announce that it has closed its previously announced non-brokered private placement, pursuant to which the Company sold an aggregate of 50,300,000 common shares of the Company (the “Common Shares”) at a price of C$0.70 per Common Share for gross proceeds of approximately C$35.2 million (the “Offering”), which was upsized from C$20.0 million.

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