Montage Gold Corp. announced that it will issue 2,714,300 common shares at a price of CAD 0.7 per share for gross proceeds of CAD 1,900,010 on April 12, 2023. The transaction has been approved by all the independent directors of the company.

The offered shares issued to Canadian resident subscribers pursuant to the listed issuer financing exemption are not subject to a hold period pursuant to applicable Canadian securities laws and the offered shares issued to Canadian resident subscribers pursuant to prospectus exemptions under NI 45-106 other than the listed issuer financing exemption are subject to a restricted hold period under applicable Canadian securities laws expiring four months and one day from the date of issuance of the offered shares. The transaction remains subject applicable regulatory requirements and to final approval of the TSX Venture Exchange.