Contango Silver & Gold Provides Project Updates

Fairbanks, Alaska--(Newsfile Corp. - September 8, 2026) - Contango Silver and Gold Inc. (NYSE American: CTGO) (TSX: CTGO) ("Contango" or the "Company") is pleased to provide updates on its 2026 field programs across the Contango Silver & Gold portfolio.

Rick Van Nieuwenhuyse, the Company's CEO said, "We've done exactly what we set out to do this season across our entire portfolio, delivering on our commitments safely, on time, and on budget. Manh Choh continues to generate strong free cash flows for the Company to use to advance our high-grade precious metals portfolio. From advancing underground development and drilling at Lucky Shot to completing critical road construction, geotechnical drilling, and comprehensive environmental and cultural resource studies at Johnson Tract, our team has maintained an exceptional pace of execution. Capping this off with the successful completion of a massive 50,000-plus-meter drill program at Kitsault underscores our operational capacity and positions us to drive meaningful, near-term value across all three core assets.

This level of productivity across multiple sites in a single season is a remarkable feat, and it simply would not have been possible without the hard work, professionalism, and dedication of our teams in the field. I want to extend my sincere gratitude to all our contractors, vendors, local partners, and employees whose relentless effort and shared commitment to safety enabled us to hit every milestone we set for ourselves this year."

Manh Choh Mine
The third campaign for 2026 from the Manh Choh mine began August 20^th. Modifications for recovering higher-grade sulfide ore from the South Pit have successfully been completed and implemented at the Fort Knox mill and are working according to plan. Production for the current campaign is anticipated to be consistent with previous guidance. This campaign is expected to continue throughout the month of September, and results will be released in Q3 financials anticipated in November 2026.

Lucky Shot Surface Drill Program Completion and Start of Underground Program
The Lucky Shot surface drill program was completed on August 29, 2026 with a total of 29 holes across five drilling platforms totaling approximately ~5,800 meters completed (Figure 1). The program was successfully executed to infill areas of known mineralization within the Coleman portion of the resource, while also completing step-out drilling to test the structural continuity between the Coleman and Lucky Shot vein systems. The first batch of results was released September 2^nd (Coleman first batch assays) and the remaining assays from the surface program will be released next month.

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