After-Tax NPV of $1.1B and 31% IRR and Two New Satellites to be Advanced

VANCOUVER, BC, Jan. 16, 2024 /PRNewswire/ -- Montage Gold Corp. ("Montage" or the "Company") (TSXV: MAU) (OTCPK: MAUTF) is pleased to announce the results of the Updated Definitive Feasibility Study (the "UFS" or the "Study") for the Koné Gold Project ("Koné Gold Project", "Project", or "KGP") located in Côte d'Ivoire, which now incorporates ore from the Gbongogo Main satellite deposit. The UFS was prepared by Lycopodium Minerals Pty Ltd. in accordance with Canadian Securities Administrators' National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). Please note that all financial figures in this press release are in United States dollars, unless otherwise noted.