Montage Gold Achieves First Gold Pour at Koné Mine

Montage Gold Corp. has achieved a significant milestone at its flagship Koné mine in Côte d’Ivoire, marking the first gold pour on September 26, 2026, yielding approximately 1,140 ounces of gold. This achievement was accomplished on budget and ahead of the initial schedule of Q2-2027, as construction began in December 2024. The first gold pour was achieved just over a year later, with more than 400,000 tonnes of ore processed since ore was first introduced into the oxide circuit on September 8, 2026.

The oxide circuit, which was completed ahead of schedule, has enabled Montage Gold to produce gold significantly earlier than initially planned. The circuit is expected to reach commercial production in Q4-2026, while the hard-rock comminution circuit remains on budget and is scheduled for completion in Q2-2027. The company has reported that 130,000 meters of drilling is underway at the Koné mine for 2026, which will total 380,000 meters drilled since the 2024 Updated Feasibility Study was published.

The construction of the Koné mine has created approximately 3,600 jobs, with over 95% of these being national employment. Montage Gold’s owner-mining operating model has facilitated the transition of construction employees into the operating team, thanks to training programs and on-site truck-driving simulators. Once fully ramped up, the operation is expected to create approximately 1,500 permanent roles and many more indirect jobs.

The mine’s Probable Reserves, as published in the 2024 Updated Feasibility Study, stood at 4.01Moz at a grade of 0.72 g/t Au, comprised of 3.52Moz at 0.67 g/t Au and 0.49Moz at 1.43 g/t Au for the Koné and Gbongogo Main deposits, respectively. Given the exploration success, 12 deposits have now been delineated, while mineralization has been intercepted at 25 targets with over 20 targets yet to be drill tested. On June 15, 2026, the Company reported that Measured and Indicated Resources for higher grade satellite deposits have increased by 1.14Moz to 1.66Moz at 1.51 g/t Au, compared to 520koz at 1.48 g/t Au, which was used as a basis for the 2024 Feasibility Study. Inferred Resources for satellite deposits have increased from nil to 766koz at 1.34 g/t Au.

Montage Gold Corp. is a Canadian-listed company focused on becoming a premier multi-asset African gold producer, with its flagship Koné mine, located in Côte d’Ivoire, at the forefront. The mine has an estimated 16-year mine life and is expected to produce +300koz of gold annually over the first 8 years. The company has also built a high-quality, multi-asset growth pipeline, including the Didievi and Wendé properties in Côte d’Ivoire, and a portfolio of prospective exploration tenements in Mauritania.