MONTAGE GOLD ANNOUNCES THAT AFRICAN GOLD SECURITYHOLDERS HAVE VOTED IN FAVOUR OF THE PROPOSED TRANSACTION
Vancouver, Canada — April 13, 2026 — Montage Gold Corp. (“Montage” or the “Company”) (TSX: MAU, OTCQX: MAUTF) is pleased to announce that the shareholders and optionholders of African Gold Limited (ASX:A1G; “African Gold”) have voted in favour of the schemes of arrangement in relation to the proposed transaction between Montage and African Gold.
Pursuant to the transaction announced on November 28, 2025, Montage proposed to acquire 100% of the shares of African Gold under the share scheme arrangement (“Share Scheme”) and for all of the outstanding options in African Gold to be cancelled in exchange for the issue of new Montage options under the related option scheme of arrangement (“Option Scheme”)(together, the “Schemes”).
The voting results satisfy two of the key remaining conditions precedent of the Schemes as set out in the Scheme Implementation Deed. The Schemes remain subject to approval by the Supreme Court of Western Australia at a hearing scheduled for Friday, April 17, 2026, and certain other customary conditions precedent as previously announced and described in the Scheme Booklet released
by African Gold to the ASX on March 6, 2026 (“Scheme Booklet”). If the Court approves the Schemes and the Schemes become legally effective, implementation of the Schemes are expected to occur on or around April 29, 2026.
The anticipated timeline is set out in the table below:
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www.montagegold.com/_resources/news/2026/...oting-Results.pdf
