Contango Announces Results for the Quarter Ended September 30, 2026

Rick Van Nieuwenhuyse, Chief Executive Officer of Contango Silver & Gold Inc.

“The focus for the third quarter was to continue to advance and de-risk our portfolio of advanced-stage exploration projects. On the mining front at Manh Choh, the Peak Gold JV completed the transition from the north pit to the south pit while significant improvements were also made to the milling facility to accommodate the higher copper and total sulfur content of the high-grade sulfide ore. Operational enhancements continue to be made ahead of our fourth 2026 campaign, scheduled to commence in mid-November with anticipated production of 13,000 to 15,000 gold equivalent ounces net to Contango, keeping us on track to meet the lower end of 2026 production guidance of 40,000 gold equivalent ounces. The Company expects to provide 2027 production and cost guidance later in December.”

Rick Van Nieuwenhuyse, Chief Executive Officer of Contango Silver & Gold Inc.

“At Kitsault Valley we have now completed 56,000 meters of drilling, roughly 40% more meters than planned, while remaining on budget. We will continue to release assay results in batches as they are received. We expect to have all assays received and QAQC's by January 2027 and then complete an updated mineral resource estimate ("MRE") in the first half of 2027. The updated MRE will form the basis of an Initial Assessment ("IA") targeted for release in late 2027. The IA will outline a mine development plan for the silver rich Dolly Varden and gold-silver rich Homestake areas located in the Kitsault Valley.”

Rick Van Nieuwenhuyse, Chief Executive Officer of Contango Silver & Gold Inc.

“At Johnson Tract, we completed construction of the 2.6-mile access road connecting the existing camp to the proposed portal site, along with the portal laydown area, and expanded the camp footprint to ready the site for expansion and year-round operations. Meanwhile we are continuing to advance permitting through the FAST-41 program — please monitor our progress on the FAST-41 dashboard at the following link: Permitting Dashboard.”

Rick Van Nieuwenhuyse, Chief Executive Officer of Contango Silver & Gold Inc.

“At Lucky Shot we completed our surface and underground drilling programs, totaling over 11,000 meters in addition to 536 meters of underground tunnel development. In mid-September we commenced the next phase of underground drilling with two rigs operating 24-7 as well as additional tunnel development for exploration. We expect to complete this work by February 2027. Once all assays are received and QAQC'd, the Company plans to provide an updated MRE, scheduled for first half of 2027, which will form the basis of a feasibility study targeted for release in late 2027.”