Montage Gold Corp. announced that Peder Olsen has been appointed as Chief Development Officer, and Ron Hochstein has been appointed to the Board of Directors, effective immediately. Peder have more than 15 years of experience in the mining industry with a strong value creation track record and profound understanding of the African mining landscape, having both played key roles in building Endeavour Mining into a top 10 global gold producer and the largest in West Africa.

Martino brings significant knowledge across strategy, capital markets, corporate finance, and ESG while Peder brings considerable project development experience as he played a key role in successfully building the following West African gold mines: Ity and Agbaou in Côte d'Ivoire, Houndé in Burkina Faso, and Nzema in Ghana, in addition to being the project director for Fekola in Mali prior to its sale to B2Gold. Ron will provide significant oversight and leadership by leveraging his most recent experience in the financing, development, and construction of the Fruta del Norte gold project for Lundin Gold. Peder Olsen has over 15 years of experience in project development, operational, technical services and executive roles within the mining sector.

He has a demonstrated track record in advancing large-scale projects from the initial study stage to the successful completion of construction, particularly in West Africa. Peder has played a key leadership role in building the following projects on time and on budget: Endeavour's Houndé mine in Burkina Faso during 2016-2017, Endeavour's Ity mine in Côte d'Ivoire during 2017-2019, Adamus' Agbaou mine in Côte d'Ivoire during 2012-2013 and Adamus' Nzema mine in Ghana during 2009-2010. In addition, as Director of Projects for Papillion Resources, he played a pivotal role which culminated in the $620 million sale of the Fekola mine to B2Gold in 2014.

Since 2021, Peder has served as the Founder and Managing Director at Orange Mining, a global mining consultancy firm with a strong African presence, which specializes in offering owners project management, study and construction services, and commercial support including tendering services, project and equipment finance. Between 2018 and 2019, Peder held the position of Director for Africa and Europe at Ibaera Capital, a Perth, Australia-based private equity fund. Prior to this, from 2015 to 2019, he held various roles with Endeavour Mining, including Senior Vice President ?

Projects, Mining & Technical Services. From 2008 to 2014, Peder held various Project Director and Engineering roles at Papillon Resources, Ampella Mining, Adamus Resources, and NS Projects. Peder holds a Bachelor of Applied Science in Construction Management & Economics from Curtin University in Perth, Australia.

Ron Hochstein is currently the President and Chief Executive Officer of Lundin Gold, which owns and operates the high-grade, multi-million-ounce, Fruta del Norte ("FDN") gold mine in southeast Ecuador. Under Mr. Hochstein's leadership, Lundin Gold acquired FDN in late 2014, completed a feasibility study, signed several agreements with the Ecuadorian Government, financed, and then constructed the mine and infrastructure on time and on budget ? achieving first gold production in November 2019.

Prior to his position at Lundin Gold, he served as Executive Chairman, and President and Chief Executive Officer of Denison Mines Corp. from 2009 to 2015. Mr. Hochstein is a Professional Engineer and holds an MBA from the University of British Columbia and a B.Sc.

from the University of Alberta. Mr. Hochstein will continue to serve as a director and the President and Chief Executive Officer of Lundin Gold and will not be standing for re-election at the annual general meeting of Denison, to better serve the Montage board.