Contango Ore receives $9M cash distribution from Peak Gold JV; production on track

Contango Silver & Gold Inc.

Peak Gold JV distributed $9M on April 24, 2025; total 2025 distributions now $33M.
Contango's 2025 gold output forecast at 60,000 oz at AISC $1,625/oz; second campaign starts mid-May.
Prepaid $8.2M of credit facility, reducing balance to $30.1M; hedge contracts reduced to 74,800 oz.
Q1 2025 financial results due May 14, 2025; Johnson Tract PEA expected by end of April.

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