Peak Gold JV Completed Third Production Campaign

FAIRBANKS, AK – Contango ORE, Inc. reported that the Peak Gold JV has completed its third production campaign for 2025. Campaign #3-2025 operated by the Peak Gold JV from August 12, 2025 through September 15, 2025 and on a 100% basis processed approximately 287,000 tons of ore with an average grade of 0.214 oz per ton containing approximately 61,400 oz of gold. Gold recovery averaged 92.5%, resulting in approximately 56,800 oz of recovered gold, of which Contango’s 30% share amounts to approximately 17,000 oz of gold.

Rick Van Nieuwenhuyse, President and CEO, said, “On September 15th, the Peak Gold JV completed processing the third Campaign of 2025, with Contango’s 30% share of production totaling just over 17,000 ounces of gold – once again exceeding the Company’s original guidance of 15,000 ounces of gold production. This campaign processed approximately 287,000 tons of ore at an average head grade delivered to the mill at 0.214 ounces per ton. It was another above guidance quarter for the Company.”