Contango Silver & Gold Inc. ("Contango" or the "Company") (NYSE:CTGO) (TSX:CTGO) is pleased to announce the start of the 2026 Kitsault Valley surface drill program. Three diamond drills are currently active, focused on infill and resource expansion on the Torbrit and North Star deposits, with two more drills expected to come online in the next week.

The 2026 drill program will consist of approximately 40,000 meters ("m") of drilling largely focused on infill and resource expansion at the Dolly Varden deposits (Torbrit, North Star, and Dolly Varden), the Wolf deposit, and the Homestake Ridge deposits (Homestake Main and Homestake Silver). Drilling will support a new resource update along with a preliminary economic study expected to be completed in H1 2027 (Initial Assessment "IA" – under US reporting standards).  Approximately 10,000 m of the planned program will be aimed at exploration holes in the Kitsault Valley and other areas of the extensive land package located in the highly prospective Golden Triangle of British Columbia.