Contango Stockholders Overwhelmingly Approve Merger with Dolly Varden

Core Viewpoint - Contango ORE, Inc. stockholders have overwhelmingly approved all three proposals related to the merger with Dolly Varden Silver Corporation, indicating strong support for the strategic move [1][2]. Proposal Voting Results - Proposal No. 1 (Arrangement Proposal) received 9,946,594 votes in favor, representing 99.70% of the votes [2]. - Proposal No. 2 (Share Increase Proposal) received 8,447,263 votes in favor, accounting for 84.68% [2]. - Proposal No. 3 (Incentive Plan Proposal) received 8,978,213 votes in favor, which is 89.99% [2]. Shareholder Participation - A total of 9,976,278 shares of Contango common stock were voted at the Special Meeting, representing approximately 66% of the issued and outstanding shares as of the record date [3]. Next Steps for the Arrangement - The Arrangement is subject to approval from the British Columbia Supreme Court, with a hearing scheduled for March 23, 2026, and closing expected shortly thereafter [4]. Exchangeable Shares Election - Registered Dolly Varden shareholders must complete and deposit the Letter of Transmittal and Election Form by March 24, 2026, to receive Exchangeable Shares [5]. - Failure to comply with the election requirements will result in receiving Contango Shares instead [6]. Company Overview - Contango ORE, Inc. is engaged in the exploration and development of gold and associated minerals in Alaska, holding a 30% interest in the Peak Gold Joint Venture [7].