Contango Silver & Gold Inc. (CTGO): debt financing — Contango Ore hedges 124,600 oz of gold at $2,025/oz for Manh Choh mine

On August 2, 2023, CORE Alaska, LLC (“CORE Alaska”), a subsidiary of Contango ORE, Inc. (the “Company”), pursuant to an ISDA Master Agreement entered into with ING Capital Markets LLC (the “ING ISDA Master Agreement”) and an ISDA Master Agreement entered into with Macquarie Bank Limited (the “Macquarie ISDA Master Agreement”), in accordance with its obligations under that certain Credit and Guarantee Agreement, by and among the Registrant, its subsidiaries, ING Capital LLC (“ING”) and Macquarie Bank Limited (“Macquarie”), entered into a series of customary hedging agreements with ING and Macquarie for the sale of an aggregate of 124,600 ounces of gold at a weighted average price of $2,025 per ounce.

The ING ISDA Master Agreement and Macquarie ISDA Master Agreement, which were both entered into on May 17, 2023 but became operative with the execution of the aforementioned hedge agreements, are attached hereto as Exhibits 10.1 and 10.2, respectively, and incorporated herein by reference.

The ING ISDA Master Agreement and Macquarie ISDA Master Agreement, which were both entered into on May 17, 2023 but became operative with the execution of the aforementioned hedge agreements, are attached hereto as Exhibits 10.1 and 10.2, respectively, and incorporated herein by reference.