Contango settles Lucky Shot milestone payments for $5M cash + 100k shares; receives $9M Peak Gold JV distribution

Contango Silver & Gold Inc.

Settled up to $18.75M in Lucky Shot milestone obligations for $5M cash and 100,000 shares (~$1.57M) via MIPA Amendment.
Received $9M cash distribution from Peak Gold JV on June 25, 2026 from second 2026 Manh Choh production campaign.
Lucky Shot surface drill program started June 22 with 29 holes (~6,800m) targeting infill and step-out.
Kitsault Valley drilling exceeds 14,000m; updated MRE expected late July 2026.
All remaining 11,000 oz of 2026 gold hedge contracts delivered ahead of schedule.

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