Montage Gold appoints Rick Clark as CEO alongside Hugh Stuart remaining as President

– CANADA, Vancouver –  Montage Gold Corp. (TSX: MAU | OTC: MAUTF) today announced the appointment of Rick Clark as CEO effective from August 29, 2022, replacing Hugh Stuart who remains on the Board in the role of President.

Rick Clark, CEO, said, “I am excited and honored to be taking on the role of CEO of Montage at this time. Hugh Stuart and his team have done an impressive job of discovering and advancing the Koné Gold Project to this point.”

Hugh Stuart, President, added, “Rick and I have worked together for 18 years, from the early days of Red Back Mining and then Orca Gold Inc. in Sudan. Our management collaboration, supported by the financial and strategic support of the Lundin Group, has led to impressive value for our shareholders and we very much look to continue this success for Montage shareholders. The acquisition of the Mankono-Sissédougou joint venture from Barrick and Endeavour is a game changer for Montage which we fully intend to maximize to its full value. We look forward over the coming months to reporting on our progress in proving the potential of our Koné Gold Project combined with Mankono-Sissédougou, as being one of the next great mining districts in West Africa.”

About Montage Gold

Montage Gold is a Canadian-based precious metals exploration and development company focused on opportunities in Côte d’Ivoire. The Company’s flagship property is the Koné Gold Project, located in northwest Côte d’Ivoire, which currently hosts a Probable Mineral Reserve of 161.1Mt grading 0.66g/t for 3.42M ounces of gold. The Company released the results of a definitive feasibility study on the Koné Gold Project on February 14, 2022, outlining a 15-year gold project producing 3.06M ounces of gold with an average annual production of 207koz, and peak production of 320koz. Montage has a management team and Board with significant experience in discovering and developing gold deposits in Africa.

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