Item 5.02. Departure of Directors or Certain Officers; Election of Directors;


           Appointment of Certain Officers; Compensatory Arrangements of Certain
           Officers.

On February 6, 2020, Contango ORE, Inc., a Delaware corporation (the "Company"), entered into amendments to the previously-disclosed Retention Agreements in place with Brad Juneau, its Executive Chairman, Leah Gaines, its Vice President and Chief Financial Officer and one other employee to extend the term of the change in control period during which such officer or employee will be entitled to receive a payment upon the occurrence of a change in control (as defined in the applicable Retention Agreement) from August 6, 2020 until August 6, 2025. The amendments were approved by the Compensation Committee of the Company's Board of Directors.

The foregoing summary of the amendments to the Retention Agreements does not purport to be complete and is subject to and qualified in its entirety by reference to the complete text of the form of amendment, a copy of which is being filed as Exhibit 10.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.





(d) Exhibits.

Exhibit No.                          Description of Exhibit



  10.1        Form of Amendment to Retention Agreement, by and between the Company
            and each officer or employee party thereto.

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