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VANCOUVER, BC, March 29, 2023 /CNW/ - Montage Gold Corp. ("Montage" or the "Company") (TSXV: MAU) (OTCQX: MAUTF) is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp., as lead underwriter, on behalf of a syndicate of underwriters (collectively, the "Underwriters"), in connection with a "bought deal" private placement of 21,428,600 common shares of the Company (the "Offered Shares") at a price of $0.70 per Offered Share for gross proceeds of $15 million (the "Offering").