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Montage Gold Corp. Announces Pricing of Initial Public Offering and Files Final Prospectus

October 20, 2020

Vancouver, British Columbia – October 20, 2020 – Montage Gold Corp. (“Montage” or the “Company”) today announced that it has obtained a receipt for its final prospectus filed with the securities regulatory authorities in each of the provinces of Canada, except Québec, in connection with its initial public offering (the “Offering”) of 27,272,728 common shares at a price of $1.10 per share (the “Offering Price”) for gross proceeds of $30,000,001. Due to strong demand, the Offering was upsized by an additional $5,000,000 and the Company is very pleased to welcome its new shareholders as it looks forward to completing the initial public offering. A copy of the final prospectus in respect of the Offering is available on SEDAR at sedar.com.

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