INDEPENDENT PROXY ADVISORY FIRMS RECOMMEND CONTANGO ORE, INC. STOCKHOLDERS VOTE "FOR" PROPOSED ARRANGEMENT WITH DOLLY VARDEN SILVER CORPORATION

Core Viewpoint - Contango ORE, Inc. has received recommendations from independent proxy advisory firms, including ISS, for stockholders to vote "FOR" the proposed arrangement with Dolly Varden Silver Corporation, which is set to be discussed at the upcoming special meeting on March 17, 2026 [1] Summary by Relevant Sections Arrangement Details - Contango will acquire all issued and outstanding common shares of Dolly Varden, with each share exchanged for 0.1652 of a Contango common share or an exchangeable share for eligible holders [1] - The special meeting for stockholders is scheduled for March 17, 2026, at 12:00 p.m. Central time, and will be held online [1] ISS Recommendation - ISS recommends that Contango stockholders vote FOR the Arrangement Proposal, highlighting the strategic and financial merits of the transaction [1] Leadership and Governance - Post-arrangement, the combined company will be named Contango Silver & Gold Inc., with Rick Van Nieuwenhuyse as CEO and a seven-member board comprising directors from both companies [1] Ownership Structure - Following the arrangement, Contango stockholders are expected to own 50% of the pro forma combined company based on a fully diluted in-the-money calculation [1] Fairness Opinion - Contango's Board received a fairness opinion from Canaccord Genuity Corp., confirming that the exchange ratio is fair from a financial perspective as of December 7, 2025 [1] Voting Encouragement - The Board of Directors unanimously recommends stockholders vote FOR each proposal at the special meeting, with a proxy voting deadline set for March 13, 2026, at 12:00 p.m. Central time [1]