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Investor Presentaiton

EXECUTIVE SUMMARY DEVELOPING ALASKA'S NEXT GOLD MINE IN PARTNERSHIP WITH KINROSS AND THE TETLIN ALASKA NATIVE TRIBE Contango ORE, Inc. is a gold development and exploration company with the goal to develop Alaska's next producing gold mine . • The Company is the 30% owner of the Peak Gold JV with a subsidiary of Kinross Gold Corporation ("Kinross") as Operator and owning 70% of the project The Peak Gold deposit is a high grade, near surface open-pit project containing an estimated ~1.0Moz of GEO. Production of 65,000 GEO/yr net to Contango, as estimated by Kinross, could begin as early as 2024, with an estimated mine life of 4.5 years¹ Exploration upside on the 675,000 acres Tetlin Lease owned by the Peak Gold JV, as well as on Contango's 100% owned adjacent 170,000 acres of State mining claims² Following the sale of Contango's 30% interest in Peak Gold, Contango has >$32M in cash on its balance sheet and no debt Contango is currently applying to up-list to the NYSE American Exchange • Contango is a uniquely positioned company with 6M shares o/s and a clear path to a production decision in 2023 1 Non-GAAP financial measure; see Appendix for disclaimers regarding reconciliation; Based on Kinross Gold study on the Peak Gold Joint Venture and does not constitute guidance. Red Dog Mine Arctic and Bornite Kaltag Fault Nixon Fork True North Livengood Ryan Lode Fairbanks Tintina Denali Fault Brewery Tintina Fault Creek Fort Knox Pogo Gold Belt Anchorage Tetlin Donlin Creek Pebble 29 2 Approximately 13,000 acres of the state mining claims are subject to a repurchase option by the Joint Venture CONTANGO ORE
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