Contango Ore produces 15,700 oz gold in second 2025 campaign, beats guidance; sees >$20M distribution

Contango Silver & Gold Inc.

Contango's 30% share of production: 15,700 oz gold, exceeding original guidance of 15,000 oz.
Peak Gold JV processed 255,000 tons at 0.220 oz/ton grade, recovery 93%; throughput 10,122 tpd (17% above plan).
Expected cash distribution to Contango >$20M in late June 2025.
2025 cash distribution forecast raised to >$93M at $3,200/oz gold price.
Third campaign scheduled for August 2025; 2025 production guidance reaffirmed at 60,000 oz (Contango share).

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