Montage Gold
September 13, 2021 at 1:40 PM (MDT)|Broadmoor Hotel & Resort
SAFE HARBOR STATEMENT
Mineral Exploration and Inferred Resources
Montage Gold Corp. (“Montage” or the “Company”) is a mineral exploration focused company and its properties are in the mineral exploration stage only. The degree of risk increases substantially where an issuer’s properties are in the mineral exploration stage as opposed to the development or operational stage. Confidence in an inferred mineral resource estimate is insufficient to allow meaningful application of the technical and economic parameters to enable an evaluation of economic viability sufficient for public disclosure, except in certain limited circumstances set out in National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”). There is no assurance that mineral resources will be converted into mineral reserves. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves.
Forward-Looking Information
This presentation contains “forward-looking information” (also referred to herein as “forward-looking statements”) under the provisions of applicable Canadian securities legislation regarding Montage. Generally, these forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will”, “occur” or “be achieved” or the negative connotation thereof.
Forward-looking statements include, but are not limited to, those in respect of: expectations, project development, permits and licenses; the current and planned initiatives and objectives in respect of the mineral properties of Montage located in Côte d'Ivoire (the “Montage Projects”); Montage's capitalization, liquidity, capital resources and expenditures; mineral resource expansion potential and other growth opportunities; development timelines; business development strategies and outlook; planned capital expenditures planned work programs and targets, drilling programs and other initiatives in respect of the Montage Projects and economic performance, financial conditions and expectations.
Forward-looking statements also include, but are not limited to, factors and assumptions in respect of: the ultimate determination of mineral resources and mineral reserves, if any; the availability and final receipt of required approvals, licenses and permits; sufficient working capital to explore, develop and operate any proposed mineral projects; access to adequate services and supplies; economic and political conditions in the local jurisdictions where any proposed mineral projects are located, including the Montage Projects; commodity prices; foreign currency exchange rates; interest rates; access to capital and debt markets and associated costs of funds; availability of a qualified work force; the ultimate ability to mine, process and sell mineral products on economically favourable terms; and the effects of COVID-19 on the global economy and the operations of Montage.
Forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause the actual results, level of activity, performance or achievements of Montage and/or the Montage Projects to be materially different from those expressed or implied by such forward-looking statements, including but not limited to, those in respect of: high risk, speculative nature of investment, and potential loss of entire investment; limited business history, no assurance of revenues; mining requires substantial capital, resulting in significant financing risks and shareholder dilution; global financial conditions may impact Montage’s ability to raise additional funds; the COVID-19 pandemic is impacting mining operations and the global economy; negative operating cash flows are expected to continue and will need to be funded; estimating mineral reserves and mineral resources is risky; exploration and development is speculative and may not result in profitable mining operations; the future price of gold is uncertain and may be lower than expected; fluctuating mineral prices and currency risk; commercial viability may not be achieved even with an acceptable gold price; mining operations are very risky; operations during mining cycle peaks are more expensive; infrastructure may be inadequate; Montage’s insurance coverage may be inadequate and result in losses; Montage may fail to comply with the law or may fail to obtain or renew necessary permits and licences; climate change may make mining operations more expensive; compliance with environmental regulations can be costly; social and environmental activism can negatively impact exploration, development and mining activities; geological, hydrological and climatic events could suspend mining operations or increase costs; Orca Gold Inc. exercises significant control over Montage; there is no established market and liquidity concerns may develop; price volatility of publicly traded securities; Montage’s rights in its mineral properties could be lost; Montage’s rights in its mineral properties could be subject to challenges and claims; foreign investments and operations; conflicts of interest may result in the interests of other issuers or shareholders being preferred to the Montage Shareholders; influence of third-party stakeholders; taxes; competition for resources; dependence on management; legal proceedings; compliance with laws is costly and may result in unexpected liabilities; and Montage may not use the proceeds as described in the prospectus, as well as those factors discussed in the section entitled “Risk Factors” in Montage’s prospectus available on SEDAR at www.sedar.com.
Although Montage has attempted to identify important factors, assumptions and risks that could cause actual results to differ materially from those contained in forward-looking statements, there may be others that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. Forward-looking statements are made as of the date hereof and, accordingly, are subject to change after such date. Forward-looking statements are provided for the purpose of providing information about management’s current expectations and plans and allowing investors and others to get a better understanding of Montage’s operating environment. Montage does not intend or undertake to publicly update any forward-looking statements that are included in this presentation, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.
Technical Disclosure
Scientific and technical information regarding the Morondo Gold Project contained in this presentation is derived from the technical report entitled “NI 43-101 Technical Report for the Morondo Gold Project, Côte d'Ivoire” with an effective date of January 27, 2021 prepared by Jonathon Robert Abbott, BASc Appl. Geol, MAIG, of MPR Geological Consultants Pty Ltd. and Remi Bosc, Eurgeol, of Arethuse Geology SARL. Consultants Pty Ltd, each of whom is a “qualified person” as defined by NI 43-101. The Technical Report is available on the SEDAR profile of Montage at www sedar com.
See the Technical Report for details of the data verification undertaken with respect to the scientific and technical information on the Morondo Gold Project and for additional details regarding the exploration information herein including locations, types, the QA/QC employed, and interpretations.
Additional scientific and technical information contained in this presentation with respect to mineral projects that are not material to Montage was reviewed and approved by Hugh Stuart, C.Geol, CEO and director of Montage, and a “qualified person” as defined NI 43-101. Mr. Stuart is not independent of Montage as he is an officer, director and shareholder of Montage.
NOTICE
The Denver Gold Group does not make any express or implied condition, representation, warranty or other term as to the accuracy, validity, reliability, timeliness or completeness of any information or materials in general or in connection with any particular use or purpose presented at the Gold Forum. Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use.
The Denver Gold Group does not represent or endorse the accuracy or reliability of any third party advice, opinion, statement, information or materials received during the Gold Forum.
INVESTMENT ADVICE - NO OFFER OR RECOMMENDATION
The Gold Forum and the information and materials presented at the Gold Forum do not, and shall not be construed as, making any recommendation or providing any investment or other advice with respect to the purchase, sale or other disposition of any regulated gold related products or any other regulated products, securities or investments, including, without limitation, any advice to the effect that any gold related transaction is appropriate or suitable for any investment objective or financial situation of a prospective investor. A decision to invest in any regulated gold related products or any other regulated products, securities or investments should not be made in reliance on any of the information or materials presented or obtained during the Gold Forum. Before making any investment decision, prospective investors should seek advice from their financial, legal, tax and accounting advisers, take into account their individual financial needs and circumstances and carefully consider the risks associated with such investment decision.
