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VANCOUVER, BC, March 29, 2023 /CNW/ - Montage Gold Corp. ("Montage" or the "Company") (TSXV: MAU) is pleased to announce that due to significant demand, it has entered into an agreement with Canaccord Genuity Corp., as lead underwriter, on behalf of a syndicate of underwriters (collectively, the "Underwriters"), to upsize its previously announced "bought deal" private placement of common shares of the Company (the "Offered Shares") to 23,428,600 Offered Shares at a price of $0.70 per Offered Share for gross proceeds of $16.4 million (the "Offering").