Contango ORE produces 17,000 oz gold in third campaign; receives $33M cash distribution from Peak Gold JV

Contango Silver & Gold Inc.

Campaign #3-2025 processed 287K tons at 0.214 oz/t grade, 92.5% recovery; Contango's 30% share = ~17,000 oz gold.
Cash distribution of $33M to Contango brings YTD total to $87M; 2025 expected >$100M at $3,500/oz gold.
Repaid $8.5M on credit facility, reducing principal to $14.6M (37% reduction); hedge contracts at 49,300 oz.
Village of Dot Lake dismissed lawsuit against USACOE; favorable for Manh Choh project and Peak Gold JV.
Lucky Shot drill program of 15,000m underground planned starting Oct 2025; targeting 30,000-40,000 oz/yr DSO.

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