Contango updates: Kitsault 46,446m drilled, Lucky Shot surface done, Johnson Tract on track

Contango Silver & Gold Inc.

Kitsault Valley: 123 drillholes totaling 46,446m completed; all 8 Dolly Varden targets plus Homestake drilled; MRE due late September.
Lucky Shot: surface program finished with 29 holes (~5,800m); ~10,000m underground drilling to start, supporting 2027 Feasibility Study.
Johnson Tract: road, bridge, portal pad complete; environmental studies nearly done; Initial Assessment NPV $615.4M, IRR +60% at $4,000 gold.
Manh Choh: third 2026 campaign began Aug 20; Fort Knox mill sulfide modifications working; production consistent with guidance.

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