Montage Gold Adds Lundin Mining CFO, IPC CEO to Board

Montage Gold Corp. (TSX: MAU, OTCQX: MAUTF) shareholders voted through all resolutions at the company's annual meeting Tuesday, including the appointment of William Lundin and Teitur Poulsen as non-executive directors. The two join a board now at seven members.

Lundin is president and CEO of International Petroleum Corp. (TSX: IPCO). Poulsen is executive vice president and CFO of Lundin Mining Corp. (TSX: LUN), overseeing global financial strategy, capital markets work, and M&A. He previously held the CFO role at Lundin Energy before its $14 billion sale to Aker BP in 2022.

"We are very pleased to welcome both William Lundin and Teitur Poulsen to the board of directors to further support Montage as it executes on its strategy of creating a premier African gold producer," Chair Ron Hochstein said in a statement. He thanked outgoing directors Richard Clark and David Field for their contributions.

Lundin will sit on the Technical and ESG Committee. Poulsen joins the Audit Committee and the Corporate Governance and Nominating Committee.

The meeting drew votes on 248,996,130 common shares, or 61.75% of outstanding shares. Each item passed.

Montage is building the Koné project in Côte d'Ivoire, targeting first gold pour in late Q4-2026. The updated feasibility study from 2024 projects a 16-year mine life with annual production above 300,000 ounces over the first eight years. The company also holds the Didievi and Wendé properties in Côte d'Ivoire and exploration tenements in Mauritania.

Peder Olsen, president and chief development officer, signed off on the technical disclosures as the qualified person under NI 43-101.

The board now includes Hochstein (chair), Alessandro Bitelli, Anu Dhir, Jeremy Langford, Lundin, Poulsen, and CEO Martino De Ciccio.