Contango Ore (CTGO) Corporate presentation summary

Asset portfolio and growth strategy

• Holds a diversified portfolio of high-grade gold and silver assets in Alaska and British Columbia, including Manh Choh, Lucky Shot, Johnson Tract, and Kitsault Valley, with a combined resource base of ~2M oz gold and ~65M oz silver (3M GEO).

• Manh Choh mine began production in Q3 2024, targeting 60,000 GEO/year, with $550M LOM free cash flow at $4,000/oz gold and plans to be hedge and debt free by end of 2026.

• Lucky Shot mine is fully permitted, currently drilling to expand resources to 400,000–500,000 GEO, targeting 40,000–50,000 GEO annual production by 2028.

• Johnson Tract project has a 1.1 Moz resource at 9.4 g/t GEO, targeting 100,000 GEO/year, with a post-tax NPV5 of $615M and 60% IRR at $4,000 gold, and a one-year payback.

• Kitsault Valley project holds ~700 koz M&I and 1.3 Moz inferred GEO, with a new mineral resource estimate expected in Q2 2026 and a 40,000m drill program planned.

Financial position and capital markets

• Market capitalization of $600M, with $100M cash on hand and over $100M free cash flow generated in 2025.

• Dual listing on NYSE American and pending TSX listing, with inclusion in Russell 2000, GDXJ, and SILJ indices, enhancing liquidity and institutional support.

• Capital structure includes 32.9M shares outstanding, $20M convertible debenture, and $14.6M in debt.

• Ownership is split approximately 45% management/insiders, 45% institutional/HNW, and 10% retail.

Operational model and ESG framework

• Employs a Direct Shipping Ore (DSO) model, eliminating onsite processing and tailings, reducing environmental footprint and permitting risk.

• Manh Choh DSO success demonstrated by rapid permitting (18 months), on-time/on-budget construction, and first gold pour in July 2024.

• ESG strategy focuses on safety, community partnerships, responsible environmental practices, and strong governance.