Montage Gold

Montage Gold Corp. (TSX: MAU) is a Canadian-listed company focused on becoming a premier African gold producer, with its flagship Koné project, located in Côte d’Ivoire, at the forefront. Based on the Updated Feasibility Study published in 2024 (the “UFS”), the Koné project has an estimated 16-year mine life and sizeable annual production of +300koz of gold over the first 8 years and is expected to enter production in Q2-2027.

Attracted with the high-grade nature and quality of the Perron project, Edorado Gold was an initially strategic 9.9% investor in Amex but with the financing August 2025 they own ~17%.

Management Profile

Martino De Ciccio, CEO

Martino De Ciccio has over 15 years of experience in the mining industry with a strong value creation track record and significant knowledge across strategy, capital markets, corporate finance, and ESG, coupled with a profound understanding of the African mining landscape.

Martino most recently served as Deputy CFO and Head of Investor Relations at Endeavour Mining (LSE: EDV, TSX: EDV), a position he assumed in January 2023. He joined Endeavour Mining in 2015 as Vice President, Strategy and Investor Relations. He played a pivotal role in Endeavour’s transformation from a $250 million market cap company to a FTSE100 listed company and one of the largest gold producers in the world. During this time, he garnered more than 25 investor relations achievement nominations, including numerous awards for best-in-class investor relations in the gold industry and across all sectors.

Prior to joining Endeavour, Martino played a key role in growing La Mancha Resources from a $20 million market cap which culminated in a $500 million take-private offer. As Strategy and Business Development Manager, he then helped lead the private company’s transformation from an emerging gold producer into one of the largest gold investment funds with cornerstone holdings in Evolution Mining and Endeavour, which was recognized with an Emerging Leader Award. Martino currently serves on the Board of Directors of Northisle Copper and Gold (NCX: TSXV) and Bluestone Resources (BSR: TSXV).

Martino earned a B.Com in Finance from McGill University in Montreal, Canada and is a CFA charterholder.

Jake Cain, Strategy & Investor Relations Manager

Jake Cain has over 10 years of experience in the mining industry with a strong track record in a number of areas including investor relations, capital markets, mergers and acquisitions, as well as mining operations and exploration across Africa. Prior to joining Montage Gold, Jake held numerous roles with Deloitte LLP, Sibanye-Stillwater and Gemfields Plc. Jake holds an M.Sc in Metals and Energy Finance from Imperial College Business School and the Royal School of Mines, and a B.Sc in Geology from the University of St Andrews.

What is your rationale for taking part in 121 Mining Investment?

We are looking for new investors to buy Montage shares in the open market.

What recent news would you like to highlight to investors attending?

• 6-12-2025 Montage Gold Closes Second Tranche of Investment in African Gold
• 7-7-2025 Montage Gold Announces Appointment of Jeremy Langford to the Board of Directors
• 7-14-2025 Montage Gold Closes Strategic Investment in Aurum Resources
• 7-21-2025 Montage Gold Provides Mid-Year Exploration Update for its Koné Project where Construction Continues to Rapidly Advance
• 8-12-2025 Montage Gold Reports on its Q2 and H1-2025 Activities
• 10-06-2025 Montage Gold Continues to Rapidly Advance its Koné Project On-Budget and Well On-Schedule

What are your key goals for the next 3, 6 and 12 months?

3 Months

Continued exploration results from upsized 120,000 metre drill program

6 Months

Delivery of 1 million ounce discovery target resource update

12 Months

Continue advancing construction at Koné with first gold on track for H2 2027

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

The market cap of the company does not reflect the underlying value of the Perron project therefore Amex is doing a lot of marketing, ie. interviews, conferences, meetings and articles to get the story out to as many people as possible.

What do you think makes your company such a compelling investment?

• Over 5Moz in Total Resources for the Koné Gold Project
• Advanced project with production potential over >300,000 ounces per year
• Control of a 2,258 sq.km district in a prolific gold producing region of West Africa
• Lack of available projects of this size and quality for producers to acquire.
• Management has a strong track record of significant value creation
• Exceptional shareholder base including: Lundin, Zijin & Financing from Wheaton Precious Metals

What are the top 3 key investor takeaways?

1. Very simple open pit project with scale and significant land package for exploration.

2. Expected long mine life at low cost producing +300koz for +10 years.

3. Led by one of the most successful management teams in West African gold.