Contango Ore (CTGO) Proxy Filing summary

Executive summary

• Two independent proxy advisory firms, including ISS, recommend voting in favor of the proposed arrangement with Dolly Varden Silver Corporation.

• The arrangement involves acquiring all Dolly Varden shares, with each exchanged for 0.1652 of a Contango share or exchangeable share, subject to terms.

• The combined company will be named Contango Silver & Gold Inc., with a balanced pro forma ownership of 50% for Contango stockholders.

• The transaction aims to create a stronger, well-capitalized North American precious metals company with enhanced scale and market relevance.

• The special meeting for stockholder voting is scheduled for March 17, 2026, with a proxy voting deadline of March 13, 2026.

Voting matters and shareholder proposals

• Stockholders are asked to vote on the Arrangement Proposal, Share Increase Proposal, and Incentive Plan Proposal.

• The board unanimously recommends voting in favor of all proposals at the special meeting.

Board of directors and corporate governance

• The combined executive team will include Rick Van Nieuwenhuyse as CEO, Shawn Khunkhun as President, and Michael Clark as EVP and CFO.

• The new board will have seven members, with directors from both Contango and Dolly Varden.