Contango Silver & Gold Inc. · AMEX:CTGO
Contango Silver & Gold — Investor Presentation (October 2026)
31 slides from Contango Silver & Gold's investor presentation, October 2026
Slide 1: An Emerging North American High-Grade Mid-Tier Silver & Gold Producer and Developer
NYSE AMERICAN/ TSX: CTGO A N E M E RG I N G N O RT H A M E R I C A N H I G H - G R A D E M I D - T I E R S I LV E R & G O L D P RO D U C E R A N D D E V E LO P E R OCTOBER 2026 WWW.CONTANGOORE.COM
Slide 2: Disclaimer
DISCLAIMER FORWARD-LOOKING STATEMENTS AND INFORMATION This presentation contains “forward-looking statements” and “forward-looking information” within the meaning of applicable United States and Canadian securities laws (collectively, “FLI”). Contango Silver & Gold Inc. (the “Company” or “Contango”)
Slide 3: WWW.CONTANGOORE.COM
WWW.CONTANGOORE.COM 2 NYSE-A: CTGO | TSX: CTGO | WWW.CONTANGOORE.COM
Slide 4: North American Silver & Gold Producer
NORTH AMERICAN SILVER & GOLD PRODUCER TOTAL RESOURCES ~2 Moz Au Gold ~83 Moz Ag Silver 33.5 M $89M $100M+ SHARES O/S CASH ON HAND 2025 FREE CASH FLOW NYSE / TSX Fairbanks AK CTGO DUAL LISTED HEADQUARTERS NYSE-A: CTGO | TSX: CTGO | WWW.CONTANGOORE.COM 3
Slide 5: Strong Capital Markets Profile
STRONG CAPITAL MARKETS PROFILE CAPITAL STRUCTURE Ownership2,3 TRADING - NYSE AMERICAN (US Dollars): CTGO1 Dual Listing 90-Day Avg. Daily Volume ~530,000 shares per day 52-week range $14.50 - $34.38 Market Cap $657M ~45% ~45% CAPITAL STRUCTURE2 Issued & Outstanding 33.5 M Warrants 0.4 M Options 0.5 M
Slide 6: Highly Leveraged to Silver & Gold
HIGHLY LEVERAGED TO SILVER & GOLD Grade vs Valuation: Precious Metals Producer Peers Consensus P/NAV by AgEq Resource Grade (g/t) CTGO's grade is ~2.4x the peer average, yet it trades at 0.45x the peer average valuation Wesdome Orla G Mining Endeavour Silver Avino Consensus P/NAV Silvercorp Fortuna
Slide 7: Contango's Five Year Development Pipeline
CONTANGO’S FIVE YEAR DEVELOPMENT PIPELINE TARGET 200k oz Au + 5M oz Ag Fully Funded to Execute Fastest Gold Producing Growth Profile in the Industry 5.0 Moz Ag 100,000 GEO 200,000 oz Au ~60,000 GEO1 2 Yrs 2 – 3 Yrs MANH CHOH LUCKY SHOT JOHNSON TRACT KITSAULT VALLEY Fully permitted and producing go
Slide 8: Company Portfolio Overview
COMPANY PORTFOLIO OVERVIEW NYSE-A/TSX: CTGO WWW.CONTANGOORE.COM
Slide 9: Precious Metals Focused Portfolio
PRECIOUS METALS FOCUSED PORTFOLIO EXECUTING ON OUR DIRECT SHIP ORE MODEL (DSO) MANH CHOH MINE (30%)1 • 1M oz at 8 g/t Au reserve (on 100% basis) • Private land owned by Tetlin Native Tribe • ~25 km from Alaska Highway FORT KNOX MILL • 1 year for Federal Permitting (Kinross) • Production started Q3 2
Slide 10: Manh Choh Mine
MANH CHOH MINE CTGO 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 2024 • Simple mining/processing 2023 Ore stoc
Slide 11: Manh Choh Mine – Demonstrated DSO Success
MANH CHOH MINE – DEMONSTRATED DSO SUCCESS IN PRODUCTION – Hedge-Free • Manh Choh to Fort Knox 240 mi • Kinross is operator (70% owner) • On schedule and on budget • State and Federal permits received within 18 months • Construction and Ramp Up completed in 2 years • First gold pour in July 2024 •
Slide 12: What Is the Direct Shipping Ore (DSO) Approach?
WHAT IS THE DIRECT SHIPPING ORE (DSO) APPROACH? Drill & Muck at Load & Weigh at Mine Site Mine Site Transport via Rail/Road/Barge • Ore mined underground • Containers loaded and weighed at • Ore containers are transferred to Rail/Barge • Loaded into covered/sealed mine site • Transported to off-site
Slide 13: Precious Metals Focused Portfolio – Lucky Shot
PRECIOUS METALS FOCUSED PORTFOLIO EXECUTING ON OUR DIRECT SHIP ORE MODEL (DSO) MANH CHOH MINE (30%)1 LUCKY SHOT MINE (100%) 1 • Current resource: 110,000 oz Au at 14.5 g/t FORT KNOX MILL • Private land on road/rail system (Kinross) • Fully permitted for mining • Currently drilling to develop 400,000
Slide 14: Lucky Shot – Our Next DSO Project
LUCKY SHOT – OUR NEXT DSO PROJECT TARGETING INITIAL RESOURCE OF 400,000 to 500,000 oz Au FEASIBILITY UNDERWAY Combined Segments of Lucky Shot Vein Resources Au Grade Classification Tonnes Au Ounces (g/t) Measured - - - Indicated 226,963 14.5 105,620 TOTAL 226,963 14.5 105,620 Inferred 82,058 9.5 25,
Slide 15: New Discovery – Keith Miles Vein (KM)
NEW DISCOVERY – KEITH MILES VEIN (KM) 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. Lucky Shot Fault 100m W. Drift Extension (Current Exploration) ? KW Vn
Slide 16: Precious Metals Focused Portfolio – Johnson Tract
PRECIOUS METALS FOCUSED PORTFOLIO EXECUTING ON OUR DIRECT SHIP ORE MODEL (DSO) MANH CHOH MINE (30%)1 LUCKY SHOT MINE (100%) 1 JOHNSON TRACT PROJECT (100%) 1 FORT KNOX MILL (Kinross) • Current Resource: 1.1 Moz @ 9.4 g/t Au Eq • Critical Metals Project: Gold-Silver-Copper-Zinc-Lead • Private land own
Slide 17: Johnson Tract – FAST 41 Permitting
JOHNSON TRACT – FAST 41 PERMITTING EXPLORATION / 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, including $36 mil
Slide 18: Precious Metals Focused Portfolio – Kitsault Valley
PRECIOUS METALS FOCUSED PORTFOLIO EXECUTING ON OUR DIRECT SHIP ORE MODEL (DSO) MANH CHOH MINE (30%)1 LUCKY SHOT MINE (100%) 1 FORT KNOX MILL JOHNSON TRACT PROJECT (100%) 1 (Kinross) KITSAULT VALLEY PROJECT (100%) 1 • Current M&I Resource: 166k oz Gold and 34.7 M oz Silver; Inferred Resource: 817k oz
Slide 19: Kitsault Valley – The Silver Lining of Golden Triangle
KITSAULT VALLEY – THE SILVER LINING OF GOLDEN TRIANGLE Ind. 89M oz AgEq at 363 g/t AgEq Inf. 65M oz AgEq at 320 g/t AgEq Kitsault Valley MRE1 Tonnes AgEq AgEq Category Area Ag (g/t) Au (g/t) Cu (%) Zn (%) Pb (%) (Mt) (g/t) (Moz) Homestake 2.14 89.14 5.63 0.13 0.15 0.13 483.7 33.28 Indicated Dolly 5.
Slide 20: Kitsault Valley – Recent Drill Results
KITSAULT VALLEY – RECENT DRILL RESULTS TORBRIT & NORTH STAR: ONE CONNECTED SILVER SYSTEM 2026 PROGRAM • New Mineral Resource Estimate released September 22, 2026 • ~50,000 meters drilling planned for 2026 • Environmental Baseline Studies • Community Engagement • First Nations Engagement Working to
Slide 21: The Contango Value Proposition: High Margin, High Torque, Proven Results
The Contango Value Proposition: High Margin, High Torque, Proven Results An Emerging Mid-Tier Silver-Gold Producer North America – Producers North America – North America – NYSE-A: CTGO | TSX: CTGO | WWW.CONTANGOORE.COM Ag-Focused Developers Au-Focused Developers20
Slide 22: Corporate Inquiries
CORPORATE INQUIRIES 21 info@contangoore.com +1-907-388-7770 www.contangoore.com Twitter: @orecontango LinkedIn: Contango ORE Instagram: ContangoORE Facebook: Contango ORE NYSE-A / TSX: CTGO NYSE-A: CTGO | TSX: CTGO | WWW.CONTANGOORE.COM
Slide 23: Leadership Team
LEADERSHIP TEAM Proven Leadership Team with a Demonstrated Track Record of Value Creation in the North American Mining Sector Rick Van Nieuwenhuyse Shawn Khunkhun Michael Clark CEO & Director President & Director CFO 20+ years of experience in 40+ years of experience in the 20+ years of experience i
Slide 24: Building Our ESG Framework
BUILDING OUR ESG FRAMEWORK DEVELOPING OUR STRATEGY AROUND OUR BUSINESS MODEL AND CORE VALUES Defining the pillars BUILT ON OUR FUNDAMENTAL DSO CRITERIA • High-grade resources • Gold, Silver, Copper focus Social - safety of our people and our communities, valued partnerships with Alaskan Natives
Slide 25: Contango's Reserves and Resources
CONTANGO’S RESERVES AND RESOURCES Contango Owned Reserves Notes: Manh Choh Reserves Au Au Ag AuEq AgEq TONNES Ag Grade Cu Cu Pb Pb Zn Zn AuEq AgEq 1 - Published from Contango 10K. Reserves Current as of PROJECT CLASSIFI Grade Ounces Ounces Ounces Ounces (000) (g/t) (%) (M Lb) (%) (M Lb) (%) (M Lb) (
Slide 26: Contango's Reserves and Resources
CONTANGO’S RESERVES AND RESOURCES Au Au Ag AuEq AgEq TONNES Ag Grade Cu Cu Pb Pb Zn Zn AuEq AgEq PROJECT CLASSIFIC Grade Ounces Ounces Ounces Ounces (000) (g/t) (%) (M Lb) (%) (M Lb) (%) (M Lb) (g/t) (g/t) (g/t) (000) (000) (000) (000) Manh Choh Inferred - 3.2 - 9.2 - 0.0 0 Lucky Shot Inferred 82 9.
Slide 27: Lucky Shot – Willow Creek District Scale Opportunity
LUCKY SHOT – WILLOW CREEK DISTRICT SCALE OPPORTUNITY 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 ore with visible gold Coleman LUCKY SH
Slide 28: Johnson Tract Plan View
JOHNSON TRACT PLAN VIEW ATTRACTIVE ATTRIBUTES FOR UNDERGROUND MINING ROBUST GRADES AND 40m TRUE WIDTHS (G/T) JOHNSON TRACT LOOKING NORTHWEST DEPOSIT JT BLOCK MODEL NORTH NYSE-A: CTGO | TSX: CTGO | WWW.CONTANGOORE.COM 27 27
Slide 29: Johnson Tract – Exploration Upside
JOHNSON TRACT EXPLORATION UPSIDE – NEW GEOPHYSICAL TARGETS 2023 Airborne MobileMT Survey (3D inversion) • 2023 geophysical survey defines 12km (7.5 mi) mineral Ellis Zone discovery 4km NE of JT trend Deposit 578 g/t Au and 2,023 g/t Ag over 6.4 m • Geophysics, geochemistry and geology define 1. Dist
Slide 30: Kitsault Valley – Premier Mining District
KITSAULT VALLEY – PREMIER MINING DISTRICT • 2 centers of gravity at Kitsault Valley: CORNERSTONE IN THE 1. Gold-focused on northern tract GOLDEN TRIANGLE, BC 2. Silver focused on silver tract • District scale exploration opportunities • Porter Idaho – Historic Mine • Mountain Boy – Historic Mine PRE
Slide 31: Cash Flow Funded Growth Engine
CASH FLOW FUNDED GROWTH ENGINE Utilizing Manh Choh Cash Flow to Drive Near-Term Execution Catalyst Rich Portfolio of Advanced Exploration-Stage Assets Supported by Cash Flows from Manh Choh Production Accelerating Growth: Catalysts & Project Pipeline 2026 2027 2028 2029+ Manh • Continued gold produc
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