Completion Of Technical Report Summary For Manh Choh Project

HOUSTON, TX - Contango ORE, Inc. (CORE) has completed the Technical Report Summary (TRS) on the Manh Choh Project, located near Tok, Alaska. Rick Van Nieuwenhuyse, President and Chief Executive Officer said, “With the completion of the tolling agreement with the Fort Knox Mine, we were able to complete the TRS. I am pleased to report that the results of the report are consistent with prior guidance including the estimated All-In Sustaining Cost (AISC) of $1,116 per gold equivalent ounce and the initial capital costs of $64.6 million for Contango’s 30% portion. With the major contracts signed and permitting concluded, we remain on track and on budget to bring our 30% interest in Manh Choh into production in the second half of 2024.”