Contango Silver & Gold Inc. · AMEX:CTGO
Contango Silver & Gold — Investor Presentation (August 2026)
34 slides from Contango Silver & Gold's investor presentation, Aug 14, 2026
Slide 1: An Emerging North American High-Grade Mid-Tier Silver & Gold Producer and Developer
NYSE-A / TSX: CTGO AN EMERGING NORTH AMERICAN HIGH-GRADE MID- TIER SILVER & GOLD PRODUCER AND DEVELOPER ys CONTANGO SILVER AND GOLD AUGUST 2026 WWW.CONTANGOORE.COM
Slide 2: Disclaimer: Forward-Looking Statements and Information
DISCLAIMER FORWARD-LOOKING STATEMENTS AND INFORMATION This presentation contains "forward-looking statements" within the meaning of applicable United States securities legislation (collectively referred to as "forward-looking information" ("FLI")), and readers should read the cautionary notes relate
Slide 3: Emerging Mid-Tier Silver-Gold Producer
AS @) N | AN (> (@) NYSE-A|TSX INDEX RUSSELL SILVER AND GOLD CTGO GDXJ 2000° EMERGING MID-TIER SILVER-GOLD PRODUCER MANH CHOH LUCKY SHOT JOHNSON TRACT KITSAULT MINE MINE PROJECT VALLEY IN PRODUCTION ADVANCING TO FEASIBILITY ADVANCED EXPLORATION EXPLORATION PERMITTING WWW.CONTANGOORE.COM
Slide 4: Company key facts
33.5 M SHARES O/S NYSE / TSX CTGO DUAL LISTED Fairbanks AK HEADQUARTERS NORTH AMERICAN SILVER & GOLD PRODUCER ~2 Moz Au Gold ~65 Moz Ag Silver TOTAL RESOURCES $89M CASH ON HAND $100M+ 2025 FREE CASH FLOW
Slide 5: Strong Capital Markets Profile
STRONG CAPITAL MARKETS PROFILE Approximate amounts reported as of August 12, 2026; Cash reported as of June 30, 2026 CTGO convertible debt (convertible into 655,738 shares at US$30.50) Reported as of June 30, 2026 which includes settlement of remaining hedges Capital IQ, SEDI and Bloomberg publicly
Slide 6: Highly Leveraged to Silver & Gold
HIGHLY LEVERAGED TO SILVER & GOLD Source: Company Materials, brokers’ estimates as of April 2026; Calculated at spot Au & Ag prices, excludes base metal credits GRADE IS KING Positioned for Re-Rating: Significant NAV Discount with Unmatched Upside Potential
Slide 7: Contango's Five Year Development Pipeline
CONTANGO’S FIVE YEAR DEVELOPMENT PIPELINE TARGET 200k oz Au + 5M oz Ag 2 Yrs 100,000 GEO 2 – 3 Yrs See news release dated November 29, 2024 “Contango Reaffirms and Updates 2025 Manh Choh Guidance” See new released dated May 5, 2025 “Contango Announces S-K 1300 Technical Report Summary with Robust
Slide 8: Company Portfolio Overview
rN CONTANGO SILVER AND GOLD COMPANY PORTFOLIO OVERVIEW NYSE-A/TSX: CTGO WWW.CONTANGOORE.COM
Slide 9: Precious Metals Focused Portfolio Executing on Our Direct Ship Ore Model
PRECIOUS METALS FOCUSED PORTFOLIO EXECUTING ON OUR DIRECT SHIP ORE MODEL (DSO) FORT KNOX MILL (Kinross) 1. Reserve and Resource Table can be found in the Appendix 2. GEO = Gold Equivalent Ounces 3. See news release dated March 16, 2026 “Contango Announces 2025 Year End Financials and Provides 2026 a
Slide 10: DSO Criteria and Success of DSO Approach
DSO CRITERIA High-grade resources Gold, Silver, Copper focus Near Infrastructure Road Rail Water Simple permitting from a mining perspective Private and State lands Minimal water and wetlands impact Simple mining/processing 2020/2021 2022 2023 2024 JV with Kinross, Community Outreach, PFS/FS, permit
Slide 11: Year End 2025 Results & LOM Guidance
YEAR END 2025 RESULTS & LOM GUIDANCE 60,200 oz of gold produced 57,315 oz of silver produced $102 million cash distribution to Contango AISC = $1,616 per oz sold Manh Choh to Fort Knox 240 mi Kinross is operator (70% owner) On schedule and on budget State and Federal permits received within 18 mon
Slide 12: What Is the Direct Shipping Ore (DSO) Approach?
WHAT IS THE DIRECT SHIPPING ORE (DSO) APPROACH? Drill & Muck at Mine Site Load & Weigh at Mine Site Transport via Rail/Road/Barge Ore mined underground Loaded into covered/sealed containers at the mine site Small environmental footprint Containers loaded and weighed at mine site Ore containers loade
Slide 13: Lucky Shot Mine
FORT KNOX MILL (Kinross) 1. Reserve and Resource Table can be found in the Appendix 2. GEO = Gold Equivalent Ounces 3. See news release dated March 16, 2026 “Contango Announces 2025 Year End Financials and Provides 2026 and 2027 Production Guidance” 4. LOM = Life of Mine, MRE = Mineral Resource Esti
Slide 14: Lucky Shot: Feasibility Underway
FEASIBILITY UNDERWAY Current 18,000m in-fill and expansion drill program for resource definition OBJECTIVES: Define high-grade “ore shoots” Delineate 400,000 to 500,000 oz Au measured and indicated resource Collect data for detailed feasibility-level mine and transportation plan Anticipate $50 - $60
Slide 15: High Grade KM Vein
High Grade KM Vein 5.92m @ 60.24 g/t Au 0.31m @ 99.75 g/t Au 1.5m @ 59 g/t Au Close-in opportunity to define ~50,000 Oz Au in a 100m x 100m area directly below the West Drift extension. VG and Ga KW Vn projection 100m W. Drift Extension (Proposed) Lucky Shot Fault ? new discovery – Keith Miles vein
Slide 16: Johnson Tract Project
FORT KNOX MILL (Kinross) 1. Reserve and Resource Table can be found in the Appendix 2. GEO = Gold Equivalent Ounces 3. See news release dated March 16, 2026 “Contango Announces 2025 Year End Financials and Provides 2026 and 2027 Production Guidance” 4. LOM = Life of Mine, MRE = Mineral Resource Esti
Slide 17: Johnson Tract: Initial Assessment and FAST 41 Permitting
EXPLORATION / PERMITTING 2026 WORK PROGRAM JOHNSON TRACT – FAST 41 PERMITTING JOHNSON TRACT INITIAL ASSESSMENT1 Post-Tax NPV5 of USD $615.4 million with a post-tax IRR of +60% at $4,000 LOM annual average production of 102,258 oz Au Eq at 7.58 g/t Au Eq Initial Capital costs of $213.6 million, inclu
Slide 18: Kitsault Valley Project
FORT KNOX MILL (Kinross) 1. Reserve and Resource Table can be found in the Appendix 2. GEO = Gold Equivalent Ounces 3. See news release dated March 16, 2026 “Contango Announces 2025 Year End Financials and Provides 2026 and 2027 Production Guidance” 4. LOM = Life of Mine, MRE = Mineral Resource Esti
Slide 19: Kitsault Valley Project
KITSAULT VALLEY PROJECT KITSAULT VALLEY – THE SILVER LINING OF GOLDEN TRIANGLE 18 WOLF VEIN HOMESTAKE 2026 PROGRAM New Mineral Resource Estimate due in late July 2026 ~40,000 meters drilling planned for 2026 Environmental Baseline Studies Community Engagement First Nations Engagement Working towar
Slide 20: The Contango Value Proposition
The Contango Value Proposition: High Margin, High Torque, Proven Results An Emerging Mid-Tier Silver-Gold Producer 19 North America – Ag-Focused Developers North America – Producers North America – Au-Focused Developers
Slide 21: Corporate Inquiries
20 info@contangoore.com +1-907-388-7770 www.contangoore.com Twitter: @orecontango LinkedIn: Contango ORE Instagram: ContangoORE Facebook: Contango ORE CORPORATE INQUIRIES NYSE-A / TSX: CTGO
Slide 22: Non-GAAP Reconciliation Disclaimer
NON-GAAP RECONCILIATION DISCLAIMER This presentation contains forward looking estimates of all-in sustaining cost (“AISC”), resources, free cash flow and EBITDA, which are financial measures not determined in accordance with United States generally accepted accounting principles (“GAAP”). We cannot
Slide 23: Leadership Team
LEADERSHIP TEAM Rick Van Nieuwenhuyse CEO & Director 40+ years of experience in the mining industry. He previously served as President and CEO of Trilogy Metals and founded NOVAGOLD where he served as President and CEO. Shawn Khunkhun President & Director 20+ years of experience in capital markets a
Slide 24: Building Our ESG Framework
BUILDING OUR ESG FRAMEWORK DEVELOPING OUR STRATEGY AROUND OUR BUSINESS MODEL AND CORE VALUES BUILT ON OUR FUNDAMENTAL DSO CRITERIA High-grade resources Gold, Silver, Copper focus Near Infrastructure Road Rail Water Simple permitting from a mining perspective Minimal water and wetlands impact Simple
Slide 25: High-Grade Asset Portfolio
Gold Contango Resources & Grade Asset Diversification, Increased Scale and Significant Exposure to Gold and Silver in Neighbouring Tier I Jurisdictions M&I Inferred HIGH-GRADE ASSET PORTFOLIO M&I Inferred Silver Contango 1.9 Moz 65.3 Moz Effective date of December 31, 2024 – refer to Corporate Reser
Slide 26: Contango's Reserves and Resources
CONTANGO’S RESERVES AND RESOURCES CONTINUED ON NEXT PAGE Notes: Manh Choh Reserves 1 - Published from Contango 10K. Reserves Current as of 31DEC25 2 -The definitions for mineral reserves in S-K 1300 were followed for mineral reserves. 3 - Mineral reserves were estimated at long term prices of $2,000
Slide 27: Contango's Reserves and Resources
CONTANGO’S RESERVES AND RESOURCES Notes: Lucky Shot Resources 1. Mineral Resources were estimated as of 26 MAY 23 under definitions for Mineral Resources in S-K1300. See TRS Lucky shot Project Alaska, USA. 2. Mineral resources are estimated using long term prices of US$1,600/oz Au price. 3. Mineral
Slide 28: Manh Choh Regional Exploration
MANH CHOH REGIONAL EXPLORATION: 675,000 acres Leased from Tetlin Tribe $5M exploration program focused on Mine-X, Near-Mine and Generative targets 2026 REGIONAL PLAN MANH CHOH 1km2
Slide 29: Lucky Shot - Willow Creek District
DEVELOPMENT Historic High-Grade Gold Mining District Initial Discoveries 1890’s 20+ Historic Mines and Prospects Relatively “unmined” since 1942 Mesothermal, shear hosted quartz +Au veins LUCKY SHOT Lucky Shot ore with visible gold Coleman LUCKY SHOT – WILLOW CREEK DISTRICT SCALE OPPORTUNITY 28
Slide 30: Johnson Tract Deposit Plan View
PLAN VIEW LOOKING NORTHWEST PROPOSED JT TUNNEL JT BLOCK MODEL JOHNSON TRACT DEPOSIT PROPOSED JT TUNNEL NORTH (G/T) JOHNSON TRACT 29 ATTRACTIVE ATTRIBUTES FOR UNDERGROUND MINING ROBUST GRADES AND 40m TRUE WIDTHS
Slide 31: Johnson Tract Exploration Upside
Ellis Zone discovery 4km NE of JT Deposit 578 g/t Au and 2,023 g/t Ag over 6.4 m JOHNSON TRACT EXPLORATION UPSIDE – NEW GEOPHYSICAL TARGETS 2023 geophysical survey defines 12km (7.5 mi) mineral trend Geophysics, geochemistry and geology define Distinct +10km long epithermal/VMS trend Two potential i
Slide 32: Kitsault Valley - Premier Mining District
KITSAULT VALLEY – PREMIER MINING DISTRICT 2 centers of gravity at Kitsault Valley: Gold-focused on northern tract Silver focused on silver tract District scale exploration opportunities Porter Idaho – Historic Mine Mountain Boy – Historic Mine PREMIERE MINING DISTRICT Richest 20km on the planet for
Slide 33: Accelerating Growth: Catalysts & Project Pipeline
2026 2027 2028 2029+ CASH FLOW FUNDED GROWTH ENGINE Catalyst Rich Portfolio of Advanced Exploration-Stage Assets Supported by Cash Flows from Manh Choh Production Accelerating Growth: Catalysts & Project Pipeline 40,000m drill program + baseline env. Advance PEA / IA + initiate permitting Target PEA
Slide 34: Highly Leveraged to Silver & Gold
Source: Company Materials, brokers’ estimates as of April 2026 HIGHLY LEVERAGED TO SILVER & GOLD
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