FAIRBANKS, AK -- (April 30, 2025) --Contango ORE, Inc. (“Contango” or the “Company”) (NYSE American:CTGO) announces that Contangois in Washington DC this week for the annual ‘Alaska On The Hill’ event. TheCompany is joined by 120 of its fellow Alaskans from across the variousbusinesses to bring Alaska’s unique business voice to the Nation’s Capital toadvocate for a healthy Alaskan economy and a secure future for Alaska.
Rick Van Nieuwenhuyse,the Company’s President and CEO stated, “We are excited to be here inWashington DC to meet with our representatives and other delegates to tell themabout the mining industry in general and about production at our Manh Choh goldmine as well as the progress we are making on our two development stageprojects - Lucky Shot and Johnson Tract. Johnson Tract specifically is gettinga lot of attention from the Trump administration because of our plans toproduce 4 critical metals - gold, silver, copper and zinc. Alaska is front andcenter for the Trump Administration and it’s promising to see the federalgovernment fully supporting mining and unleashing Alaska’s extraordinary resourcepotential. We are happy to report that we remain on track to produce 60,000ounces of gold from Manh Choh this year with our second campaign of 2025starting in mid-May. Additionally, we expect to have our Johnson Tract PEA outnext week and our Q1-2025 financials released shortly thereafter. It is a veryexciting time for mining in Alaska, especially for Contango Ore.”
ABOUT CONTANGO
Contango is a NYSE American listedcompany that engages in exploration for gold and associated minerals in Alaska.Contango holds a 30% interest in the Peak Gold JV, which leases approximately675,000 acres of land for exploration and development on the Manh Choh project,with the remaining 70% owned by KG Mining (Alaska), Inc., an indirectsubsidiary of Kinross Gold Corporation, operator of the Peak Gold JV. TheCompany and its subsidiaries also have (i) a lease on the Johnson Tract projectfrom the underlying owner, CIRI Native Corporation, (ii) a lease on the LuckyShot project from the underlying owner, Alaska Hardrock Inc., (iii) 100%ownership of approximately 8,600 acres of peripheral State of Alaska miningclaims, and (iv) a 100% interest in approximately 145,000 acres of State ofAlaska mining claims that give Contango the exclusive right to explore anddevelop minerals on these lands. Additional information can be found on our webpage at www.contangoore.com.
FORWARD-LOOKING STATEMENTS
This press release containsforward-looking statements regarding Contango that are intended to be coveredby the safe harbor for “forward-looking statements” provided by the PrivateSecurities Litigation Reform Act of 1995, based on Contango’s currentexpectations and includes statements regarding future results of operations,quality and nature of the asset base, the assumptions upon which estimates arebased and other expectations, beliefs, plans, objectives, assumptions,strategies or statements about future events or performance (often, but not always,using words such as “expects”, “projects”, “anticipates”, “plans”, “estimates”,“potential”, “possible”, “probable”, or “intends”, or stating that certainactions, events or results “may”, “will”, “should”, or “could” be taken, occuror be achieved). Forward-looking statements are based on current expectations,estimates and projections that involve a number of risks and uncertainties,which could cause actual results to differ materially from those reflected inthe statements. These risks include, but are not limited to: the risks of theexploration and the mining industry (for example, operational risks inexploring for and developing mineral reserves; risks and uncertaintiesinvolving geology; the speculative nature of the mining industry; the uncertaintyof estimates and projections relating to future production, costs and expenses;the volatility of natural resources prices, including prices of gold andassociated minerals; the existence and extent of commercially exploitableminerals in properties acquired by Contango or the Peak Gold JV; ability torealize the anticipated benefits of the Peak Gold JV; potential delays orchanges in plans with respect to exploration or development projects or capitalexpenditures; the interpretation of exploration results and the estimation ofmineral resources; the loss of key employees or consultants; health, safety andenvironmental risks and risks related to weather and other natural disasters);uncertainties as to the availability and cost of financing; Contango’sinability to retain or maintain its relative ownership interest in the PeakGold JV; inability to realize expected value from acquisitions; inability ofour management team to execute its plans to meet its goals; the extent ofdisruptions caused by an outbreak of disease, such as the COVID-19 pandemic;and the possibility that government policies may change, political developmentsmay occur or governmental approvals may be delayed or withheld, including as aresult of presidential and congressional elections in the U.S. or the inabilityto obtain mining permits. Additional information on these and other factorswhich could affect Contango’s exploration program or financial results areincluded in Contango’s other reports on file with the U.S. Securities andExchange Commission. Investors are cautioned that any forward-lookingstatements are not guarantees of future performance and actual results ordevelopments may differ materially from the projections in the forward-lookingstatements. Forward-looking statements are based on the estimates and opinionsof management at the time the statements are made. Contango does not assume anyobligation to update forward-looking statements should circumstances ormanagement’s estimates or opinions change.
CONTACTS:
Contango ORE, Inc.
Rick VanNieuwenhuyse
(907) 888-4273
www.contangoore.com