Contango Silver & Gold Inc. · AMEX:CTGO
Contango Silver & Gold — Investor Presentation (September 2026)
31 slides from Contango Silver & Gold's investor presentation, Sep 22, 2026
Slide 1: An Emerging North American High-Grade Mid-Tier Silver & Gold Producer and Developer
SEPTEMBER 2026 WWW.CONTANGOORE.COM NYSE AMERICAN / TSX: CTGO AN EMERGING NORTH AMERICAN HIGH - GRADE MID - TIER SILVER & GOLD PRODUCER AND DEVELOPER
Slide 2: Disclaimer: Forward-Looking Statements and Information
NYSE - A: CTGO | TSX: CTGO | WWW.CONTANGOORE.COM 1 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”) .
Slide 3: WWW.CONTANGOORE.COM WWW.CONTANGOORE.COM
NYSE - A: CTGO | TSX: CTGO | WWW.CONTANGOORE.COM 2 WWW.CONTANGOORE.COM
Slide 4: Company snapshot
NYSE - A: CTGO | TSX: CTGO | WWW.CONTANGOORE.COM 3 33.5 M SHARES O/S NYSE / TSX CTGO DUAL LISTED Fairbanks AK HEADQUARTERS NORTH AMERICAN SILVER & GOLD PRODUCER ~2 Moz Au Gold ~83 Moz Ag Silver TOTAL RESOURCES $89M CASH ON HAND $100M+ 2025 FREE CASH FLOW
Slide 5: Strong Capital Markets Profile
NYSE - A: CTGO | TSX: CTGO | WWW.CONTANGOORE.COM 4 STRONG CAPITAL MARKETS PROFILE 1. Approximate amounts reported as of August 12, 2026 2. Cash reported as of June 30, 2026 3. CTGO convertible debt (convertible into 655,738 shares at $30.50) 4. Reported as of June 30, 2026 which includes settlement
Slide 6: Highly Leveraged to Silver & Gold
NYSE - A: CTGO | TSX: CTGO | WWW.CONTANGOORE.COM 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 vs Valuation: Precious Metals Producer Peers Consensus P/NAV by AgEq Resource Grad
Slide 7: Contango's Five Year Development Pipeline
NYSE - A: CTGO | TSX: CTGO | WWW.CONTANGOORE.COM 6 CONTANGO’S FIVE YEAR DEVELOPMENT PIPELINE TARGET 200k oz Au + 5M oz Ag 2 Yrs 100,000 GEO 2 – 3 Yrs 1. See news release dated March 16, 2026 “ Contango Announces 2025 Year End Financials and Provides 2026 and 2027 Production Guidance” 2. See new rele
Slide 8: Company Portfolio Overview
WWW.CONTANGOORE.COM NYSE - A/TSX: CTGO COMPANY PORTFOLIO OVERVIEW
Slide 9: Precious Metals Focused Portfolio Executing on Direct Ship Ore Model
NYSE - A: CTGO | TSX: CTGO | WWW.CONTANGOORE.COM 8 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. See news release dated March 16, 2026 “ Contango Announces 2025 Year End Financials
Slide 10: DSO Criteria and Success of DSO Approach
NYSE - A: CTGO | TSX: CTGO | WWW.CONTANGOORE.COM 9 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 202
Slide 11: Manh Choh Mine – Demonstrated DSO Success in Production
NYSE - A: CTGO | TSX: CTGO | WWW.CONTANGOORE.COM Contango Production Guidance (30% basis) Units 2026 Gold Production 40,000 - 45,000 oz 2027 Gold Production 75,000 - 80,000 oz 2026 Cash Costs $1,900 - $2,000 per oz sold 2027 Cash Costs $1,200 - $1,300 per oz sold LOM Cumulative Cash (approximate) 55
Slide 12: What Is the Direct Shipping Ore (DSO) Approach?
NYSE - A: CTGO | TSX: CTGO | WWW.CONTANGOORE.COM 11 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
Slide 13: Lucky Shot Mine
NYSE - A: CTGO | TSX: CTGO | WWW.CONTANGOORE.COM 12 FORT KNOX MILL (Kinross) 1. Reserve and Resource Table can be found in the Appendix MANH CHOH MINE (30%) 1 LUCKY SHOT MINE (100%) 1 Current r esource : 110 , 000 oz Au at 14 . 5 g/t Private land on road/rail system Fully permitted for mining Curren
Slide 14: Lucky Shot – Feasibility Underway
NYSE - A: CTGO | TSX: CTGO | WWW.CONTANGOORE.COM 13 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
Slide 15: New Discovery – Keith Miles Vein
NYSE - A: CTGO | TSX: CTGO | WWW.CONTANGOORE.COM 14 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 Gal KW Vn projection 100m W. Drift Extension (Current
Slide 16: Johnson Tract Project
NYSE - A: CTGO | TSX: CTGO | WWW.CONTANGOORE.COM 15 FORT KNOX MILL (Kinross) 1. Reserve and Resource Table can be found in the Appendix 2. See new released dated May 5, 2025 “ Contango Announces S - K 1300 Technical Report Summary with Robust Economics and One Year Payback for its Johnson Tract Proj
Slide 17: Exploration / Permitting: Johnson Tract FAST 41
NYSE - A: CTGO | TSX: CTGO | WWW.CONTANGOORE.COM 16 EXPLORATION / PERMITTING 2026 WORK PROGRAM COMPLETED JOHNSON TRACT – FAST 41 PERMITTING JOHNSON TRACT INITIAL ASSESSMENT 1 Post - Tax NPV 5 of USD $ 615 . 4 million with a post - tax IRR of + 60 % at $ 4 , 000 LOM annual average production of 102 ,
Slide 18: Kitsault Valley Project
NYSE - A: CTGO | TSX: CTGO | WWW.CONTANGOORE.COM 17 FORT KNOX MILL (Kinross) 1. Reserve and Resource Table can be found in the Appendix 2.MRE = Mineral Resource Estimate; 3 . See new released dated September 22, 2026 “ Contango Announces Updated Mineral Resource Estimate for Kitsault Valley Project;
Slide 19: Kitsault Valley MRE
NYSE - A: CTGO | TSX: CTGO | WWW.CONTANGOORE.COM 18 Kitsault Valley MRE 1 1 See Contango’s SK 1300 Kitsault Valley Technical Report Press Release dated September 22 , 2026 ; See Contango’s SK 1300 Kitsault Valley Technical Report Effective Date September 11 , 2026 ; AgEq (Moz) AgEq (g/t) Pb (%) Zn (
Slide 20: Kitsault Valley – Recent Drill Results
NYSE - A: CTGO | TSX: CTGO | WWW.CONTANGOORE.COM 19 SEPT 15, 2026 NEWS Step - out drilling confirms Torbrit and North Star form one connected silver system. HIGHLIGHTS: DV26 - 480: incl. 881 g/t AgEq over 2.30m DV26 - 488: incl. 2,878 g/t AgEq over 0.98m DV26 - 494: incl. 2,254 g/t AgEq over 1.00m D
Slide 21: The Contango Value Proposition
NYSE - A: CTGO | TSX: CTGO | WWW.CONTANGOORE.COM The Contango Value Proposition: High Margin, High Torque, Proven Results An Emerging Mid - Tier Silver - Gold Producer 20 North America – Ag - Focused Developers North America – Producers North America – Au - Focused Developers
Slide 22: Corporate Inquiries
NYSE - A: CTGO | TSX: CTGO | WWW.CONTANGOORE.COM 21 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 23: Leadership Team
NYSE - A: CTGO | TSX: CTGO | WWW.CONTANGOORE.COM 22 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 & D
Slide 24: Building Our ESG Framework
NYSE - A: CTGO | TSX: CTGO | WWW.CONTANGOORE.COM 23 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
Slide 25: Contango's Reserves and Resources (continued)
NYSE - A: CTGO | TSX: CTGO | WWW.CONTANGOORE.COM 24 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 - Minera
Slide 26: Contango's Reserves and Resources
NYSE - A: CTGO | TSX: CTGO | WWW.CONTANGOORE.COM 25 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 Proj ect Alaska, USA. 2. Mineral resources are estimated usin
Slide 27: Lucky Shot – Willow Creek District
NYSE - A: CTGO | TSX: CTGO | WWW.CONTANGOORE.COM 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 SHO
Slide 28: Johnson Tract Deposit
NYSE - A: CTGO | TSX: CTGO | WWW.CONTANGOORE.COM 27 PLAN VIEW LOOKING NORTHWEST JT BLOCK MODEL JOHNSON TRACT DEPOSIT NORTH (G/T) JOHNSON TRACT 27 ATTRACTIVE ATTRIBUTES FOR UNDERGROUND MINING ROBUST GRADES AND 40m TRUE WIDTHS
Slide 29: Johnson Tract Exploration Upside
NYSE - A: CTGO | TSX: CTGO | WWW.CONTANGOORE.COM 28 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 1. D
Slide 30: Kitsault Valley – Premier Mining District
NYSE - A: CTGO | TSX: CTGO | WWW.CONTANGOORE.COM KITSAULT VALLEY – PREMIER MINING DISTRICT 2 centers of gravity at Kitsault Valley: 1. Gold - focused on northern tract 2. Silver focused on silver tract District scale exploration opportunities Porter Idaho – Historic Mine Mountain Boy – Historic Mine
Slide 31: Accelerating Growth: Catalysts & Project Pipeline
NYSE - A: CTGO | TSX: CTGO | WWW.CONTANGOORE.COM 30 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 4 0,000m drill program + baseline
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