Contango Silver & Gold CTGO

Mr. Van Nieuwenhuyse was appointed to serve as President and Chief Executive Officer of the Company effective January 6, 2020. He previously served as President and Chief Executive Officer of Trilogy Metals Inc. from January 2012 until December 2019. Between May 1999 and January of 2012, he served as the President and Chief Executive Officer of NOVAGOLD Resources, Inc. He served as the Vice President of Exploration for Placer Dome from 1990 to 1997. Mr. Van Nieuwenhuyse holds a Candidature degree in Science from Universite de Louvain, Belgium and a Masters of Science degree in Geology from the University of Arizona. Mr. Van Nieuwenhuyse currently serves on the board of directors of Valhalla Metals Inc. He served on the board of directors of Alexco Resource Corp. from 2006 to 2022 and Sandfire Resources America, Inc. (formerly, Tintina Resources Inc.) from 2008 until 2016. Rick Van Nieuwenhuyse, who previously served as President, Chief Executive Officer and a director of the Company, will remain the Chief Executive Officer and a director of the Company.

Mr. Brad Juneau is being nominated for election to serve as an independent director at the Annual Meeting. Mr. Juneau, the Company's co-founder, formerly served as the Company's Chairman until March 26, 2026 and as President and Chief Executive Officer of the Company from December 2012 to January 6, 2020. Mr. Juneau was first appointed President, Acting Chief Executive Officer and director in August 2012 when the Company's co-founder, Mr. Kenneth R. Peak received a medical leave of absence. Mr. Juneau was appointed Chairman of the Board in April 2013. Mr. Juneau is the sole manager of the general partner of Juneau Exploration L.P. (JEX), an oil and gas exploration and production company. Prior to forming JEX in 1998, Mr. Juneau served as Senior Vice President of Exploration for Zilkha Energy Company from 1987 to 1998. Prior to joining Zilkha Energy Company, Mr. Juneau served as Staff Petroleum Engineer with Texas International Company for three years, where his principal responsibilities included reservoir engineering, as well as acquisitions and evaluations. Prior to that, he was a production engineer with Enserch Corporation in Oklahoma City. Mr. Juneau holds a Bachelor of Science degree in Petroleum Engineering from Louisiana State University. Mr. Juneau previously served as a Director of Contango Oil & Gas from April 2012 to March 2014, and is currently a director of Talos Energy.

Mr. Clynton R. Nauman is being nominated for election to serve as an independent director at the Annual Meeting. Mr. Nauman has served as director of the Company since 2025 and as Chairman of the Board since March 26, 2026. Mr. Nauman was the Chairman and Chief Executive Officer of Alexco Resource Corp., Alexco Environmental Group Inc. and Asset Liability Management Group ULC until September 2022. He previously served as President of Viceroy Gold Corporation, Viceroy Minerals Corporation and was a director of Viceroy Resource Corporation, positions he held from February 1998 until February 2003. He also previously served on the Boards of Novagold Resources Inc, Nova Copper Inc (now Trilogy Metals Inc), and Spectrum Gold Inc. Mr. Nauman was a General Manager of Kennecott Minerals from 1993 to 1998 where he oversaw the permitting, redevelopment, startup and operation of the Greens Creek Mine, which lies within the Admiralty Island National Monument in Southeast Alaska. Mr. Nauman holds an Honours Bachelor of Science in Geology from Otago University, New Zealand.

Mr. Michael Cinnamond is being nominated for election to serve as an independent director at the Annual Meeting. Mr. Cinnamond has served as a director of the Company since 2025. Mr. Cinnamond currently serves as Senior Vice President of Finance and Chief Financial Officer of B2Gold Corp., a position he has held since April 2014. Prior to his current position, Mr. Cinnamond was an audit partner at PricewaterhouseCoopers LLP, where he was the British Columbia Resources Leader for the Mining, Forestry and Energy and Utilities practices. Mr. Cinnamond was the President of the Canadian Institute of Mining for 2023-2024 and previously served as a Director at the Canuck Place Children's hospice. He is a member of the Institute of Chartered Accountants of BC and also holds an LLB designation from the University of Exeter.

Mr. Tim Clark is being nominated for election to serve as an independent director at the Annual Meeting. Mr. Clark currently serves as Chief Executive Officer and Director of Fury Gold Mines Ltd. (a mineral resource exploration and development company). Mr. Clark has previously served as Managing Director at BMO Capital from June 2014 to December 2020. On March 26, 2026, Mr. Tim Clark was as directors of the Company.

Mr. Michael Clark serves as Executive Vice President, Chief Financial Officer & Corporate Secretary. He previously served as Chief Financial Officer and Corporate Secretary for Alexco Resource Corp. (Alexco) from December 2014 to September 2022 at which time Alexco was acquired by Hecla Mining Company. Between 2010 and 2014, Mr. Clark served as Chief Financial Officer of Goldgroup Mining Inc. and from 2007 to 2010 Mr. Clark served as Chief Financial Officer for the Grosso Group and its member companies. Mr. Clark is a Chartered Professional Accountant and holds a Bachelor of Technology in Accounting degree from the British Columbia Institute of Technology. Mr. Clark also serves as a director of Avino Silver & Gold Mines Ltd. Between 2016 and 2020, Mr. Clark also served on the Board of Trustees for the Burnaby Hospital Foundation as Chair of the Finance Committee.

As of the Effective Time, the Board appointed Darren Devine as a director of the Company. Mr. Devine, age 58, has served as a director of Dolly Varden since August 25, 2016. He currently serves as Principal of CDM Capital Partners, a firm that provides corporate finance advisory services to private and public companies, and acts as a director to private and junior public companies primarily in the natural resource sector. Mr. Devine is a former member of the TSX Venture Exchange's Local Advisory Committee. Prior to founding CDM Capital, Mr. Devine qualified as a barrister and solicitor in British Columbia and in England & Wales and practiced exclusively in the areas of corporate finance and securities law. The Board believes Mr. Clark is qualified to serve as a director because he provides corporate finance and securities law experience, as well as and insights for public companies within the materials, commodities and mining sectors.

As of the Effective Time, the Board appointed Shawn Khunkhun, as President and Director of the Company. Mr. Khunkhun, age 44, has served as Chief Executive Officer and a director of Dolly Varden since February 18, 2020. Mr. Khunkhun has over 20 years of experience in the capital markets, mineral exploration, and development sector with a focus on enhancing shareholder value. He has served in a variety of strategic roles including CEO, Director and Executive Chairman. Mr. Khunkhun has been instrumental in creating awareness for undervalued companies including explorers, developers, and producers. Mr. Khunkhun is a Director of GoldX2 and also an advisor to West Red Lake, Nations Royalty & NexGold and founder of Argenta Silver. He is the former CEO and a current director of StrikePoint Gold Inc., as well as director of Gladiator Metals Corp.

As of the Effective Time, the Board appointed Forrester (Tim) Clark as a director of the Company. Mr. Clark, age 57, has served as a director of Dolly Varden since February 25, 2022. He currently serves as Chief Executive Officer and a director of Fury Gold Mines Ltd., a mineral resource exploration and development company. He brings 23 years of global capital markets experience with numerous US, European and Canadian investment banks, including BMO Capital Markets, where he held the role of Managing Director, Institutional Equity Sales. The Board believes Mr. Clark is qualified to serve as a director because he provides corporate strategy, peer and financial analysis and insights for corporations within the materials, commodities and mining sectors.