<SEC-DOCUMENT>0001157523-14-002297.txt : 20140523
<SEC-HEADER>0001157523-14-002297.hdr.sgml : 20140523
<ACCEPTANCE-DATETIME>20140522185417
ACCESSION NUMBER:		0001157523-14-002297
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20140516
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20140523
DATE AS OF CHANGE:		20140522

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Contango ORE, Inc.
		CENTRAL INDEX KEY:			0001502377
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		IRS NUMBER:				273431051
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35770
		FILM NUMBER:		14865053

	BUSINESS ADDRESS:	
		STREET 1:		3700 BUFFALO SPEEDWAY
		STREET 2:		STE 925
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77098
		BUSINESS PHONE:		713-877-1311

	MAIL ADDRESS:	
		STREET 1:		3700 BUFFALO SPEEDWAY
		STREET 2:		STE 925
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77098
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a50872386.htm
<DESCRIPTION>CONTANGO ORE, INC. 8-K
<TEXT>
<html>
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    <p>

    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>UNITED
      STATES</b></font><font style="font-family: Times New Roman; font-size: 12pt"><br style="font-size: 12pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 12pt"><b>SECURITIES
      AND EXCHANGE COMMISSION</b></font><font style="font-family: Times New Roman; font-size: 12pt"><br style="font-size: 12pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 12pt"><b>WASHINGTON,
      D.C. 20549</b></font><font style="font-family: Times New Roman; font-size: 12pt"><br style="font-size: 12pt; font-family: Times New Roman"></font>
    </p>
    <hr style="text-align: center; color: #000000; height: 1.0 pt; width: 10%">


    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>FORM 8-K</b></font><font style="font-family: Times New Roman; font-size: 12pt"><br style="font-size: 12pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 12pt"><br style="font-size: 12pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 12pt"><b>CURRENT
      REPORT</b></font><font style="font-family: Times New Roman; font-size: 12pt"><br style="font-size: 12pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 12pt"><b>PURSUANT
      TO SECTION 13 OR 15(d) OF THE</b></font><font style="font-family: Times New Roman; font-size: 12pt"><br style="font-size: 12pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 11pt"><b>SECURITIES
      EXCHANGE ACT OF 1934</b></font><br><br>
    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman">Date of
      report (Date of earliest event reported): </font><u><font style="font-size: 10pt; font-family: Times New Roman">May
      16, 2014</font></u><font style="font-size: 10pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 10pt"></font><br><br>
    </p>
    <div style="text-align:center">
    <table cellspacing="0" style="font-family: Times New Roman; font-size: 12pt; margin-left:auto;margin-right:auto; width: 50%; margin-bottom: 10.0px">
      <tr>
        <td style="text-align: center; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            CONTANGO ORE, INC.
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-size: 10pt">(Exact Name of Registrant Specified
            in Charter)</font>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: left">

    </p>
    <div style="text-align:center">
    <table cellspacing="0" style="font-family: Times New Roman; font-size: 10pt; margin-left:auto;margin-right:auto; width: 75%; margin-bottom: 10.0px">
      <tr>
        <td style="text-align: center; width: 26%; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Delaware
          </p>
        </td>
        <td style="width: 11%">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: center; width: 26%; padding-right: 0.0px; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            001-35770
          </p>
        </td>
        <td style="width: 11%">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: center; width: 26%; padding-right: 0.0px; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            27-3431051
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; width: 26%; padding-left: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (State or Other Jurisdiction
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            of Incorporation)
          </p>
        </td>
        <td style="width: 11%">

        </td>
        <td style="text-align: center; width: 26%; padding-left: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Commission
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            File Number)
          </p>
        </td>
        <td style="width: 11%">

        </td>
        <td style="text-align: center; width: 26%; padding-left: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (I.R.S. Employer
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">

    </p>
    <div style="text-align:center">
    <table cellspacing="0" style="font-family: Times New Roman; font-size: 10pt; margin-left:auto;margin-right:auto; width: 80%; margin-bottom: 10.0px">
      <tr>
        <td style="text-align: center; width: 50%; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            3700 Buffalo Speedway, Suite 925
          </p>
        </td>
        <td style="width: 30%">
          &#160;
        </td>
        <td style="width: 20%">

        </td>
      </tr>
      <tr>
        <td style="text-align: center; width: 50%; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Houston, Texas
          </p>
        </td>
        <td style="width: 30%">

        </td>
        <td style="white-space: nowrap; text-align: center; width: 20%; padding-right: 0.0px; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="top">
          77098
        </td>
      </tr>
      <tr>
        <td style="text-align: center; width: 50%; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Address of Principal Executive Offices)
          </p>
        </td>
        <td style="width: 30%">

        </td>
        <td style="text-align: center; width: 20%; padding-left: 0.0px" valign="top">
          (Zip Code)
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman">Registrant&#8217;s
      telephone number, including area code: &#160;&#160;</font><u>(713)
      877-1311</u><br>
    </p>
    <p>

    </p>
    <div style="text-align:center">
    <table cellspacing="0" style="font-family: Times New Roman; font-size: 10pt; margin-left:auto;margin-right:auto; width: 60%; margin-bottom: 10.0px">
      <tr>
        <td style="text-align: center; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="top">
          Not Applicable
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top">
          (Former Name or Former Address, if Changed Since Last Report)
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <br>
      <br>

    </p>
    <p>
      Check the appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions:
    </p>
    <p style="font-size: 10pt; margin-left: 30.0px">
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p style="font-size: 10pt; margin-left: 30.0px">
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p style="font-size: 10pt; margin-left: 30.0px">
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p style="font-size: 10pt; margin-left: 30.0px">
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <div style="margin-right: 0pt; width: 100%; margin-left: 0pt; text-indent: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: center">

    </p>
    <p>
      <b>Item 2.02.&#160; &#160;RESULTS OF OPERATIONS AND FINANCIAL CONDITION.</b>
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px">
      Contango ORE, Inc. (the &#8220;Company&#8221;) issued a press release on May 16,
      2014 that reported on the Company&#8217;s financial results for the three and
      nine months ended March 31, 2014.&#160;&#160;&#160;A copy of the press release is
      furnished as Exhibit 99.1 to this report.
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px">
      The information included herein and in Exhibit&#160;99.1 shall not be deemed
      &#8220;filed&#8221; for purposes of Section&#160;18 of the Securities Exchange Act of
      1934, as amended (the &quot;Exchange Act&quot;), or otherwise subject to the
      liabilities of that section, nor shall it be deemed incorporated by
      reference in any filing under the Securities Act of 1933, as amended, or
      the Exchange Act.
    </p>
    <p>
      <b>Item 9.01.&#160;&#160;&#160;FINANCIAL STATEMENTS AND EXHIBITS.</b>
    </p>
    <p style="font-size: 10pt; text-indent: 60.0px">
      (d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;Exhibits.
    </p>
    <p style="font-size: 10pt; text-indent: 60.0px">
      99.1&#160;&#160;&#160;&#160;&#160;Press Release dated May&#160;16, 2014.
    </p>
    <p style="text-align: left">

    </p>
    <div style="margin-right: 0pt; width: 100%; margin-left: 0pt; text-indent: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>SIGNATURE</b></font>
    </p>
    <p style="text-align: justify">
      &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Pursuant to the requirements of the Securities Exchange Act of
      1934, the registrant has duly caused this report to be signed on its
      behalf by the undersigned hereunto duly authorized.
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="font-family: Times New Roman; font-size: 10pt; width: 100%; margin-bottom: 10.0px">
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
        <td colspan="2" style="text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>CONTANGO ORE, INC.</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="width: 47%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-bottom: 2.0px; text-align: left; width: 6%; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-bottom: 2.0px; text-align: left; width: 44%; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-bottom: 2.0px; text-align: left; width: 3%; padding-left: 0.0px" valign="top">
          By:
        </td>
        <td style="text-align: center; width: 47%; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            /s/ Leah Gaines
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="text-align: left; width: 47%; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Leah Gaines
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="text-align: left; width: 47%; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Vice President and Chief Financial Officer
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="width: 47%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="width: 47%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="text-align: left; width: 47%; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; width: 6%; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Dated:
          </p>
        </td>
        <td style="text-align: left; width: 44%; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            May 22, 2014
          </p>
        </td>
        <td style="width: 3%">

        </td>
        <td style="width: 47%">

        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a50872386ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2014 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-size: 8pt; font-family: Times New Roman">
    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>Contango
      ORE Announces Preliminary Metallurgical Results from the Peak Zone,
      Tetlin Project, Alaska and Earnings for the Quarter Ended March 31, 2014</b></font>
    </p>
    <p>
      HOUSTON--(BUSINESS WIRE)--May 16, 2014--Contango ORE, Inc.
      (OTCBB:CTGO.PK) announced today favorable preliminary metallurgical
      results from the Peak zone at its approximately +750,000-acre Tetlin
      gold-copper-silver project in east-central Alaska. The road&#8211;accessible
      Peak Zone, discovered in 2012, covers approximately 40 acres and, at 0.5
      grams of gold per tonne (gpt), carries indicated resources of 5,970,000
      tonnes grading 3.46 gpt gold, 11.8 gpt silver and 0.25% copper and
      inferred resources of 3,850,000 tonnes grading 2.07 gpt gold, 14.28 gpt
      silver and 0.23% copper.
    </p>
    <p>
      Contango selected a total of three samples for metallurgical testing.
      All samples were coarse rejects from the geochemistry work done by ALS
      Chemex and Acme Labs on drill core samples drilled at the Tetlin deposit
      during 2013. Original geochemical results for these samples are
      presented in Table 1. Sample A was selected as a representative of
      mineralization with high gold content accompanied by low silver and low
      copper content. Sample B was selected as a representative of
      mineralization with low gold content accompanied by high silver and high
      copper content. Sample C was selected as a representative of
      mineralization with high gold content accompanied by high silver and
      high copper content.
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="font-family: Times New Roman; font-size: 8pt; width: 100%; margin-bottom: 10.0px">
      <tr>
        <td colspan="10" style="text-align: left; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Table 1: Original Peak Zone Metallurgical Sample Geochemistry</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          <b>Sample</b>
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="text-align: center; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          <b>Sample A</b>
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="text-align: center; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          <b>Sample B</b>
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="text-align: center; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          <b>Sample C</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          <b>Type</b>
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="text-align: center; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          <b>Au</b>
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="text-align: center; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          <b>Ag/Cu</b>
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="text-align: center; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          <b>Au/Ag/Cu</b>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          Hole
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="text-align: center; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          TET13117
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="text-align: center; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          TET13077
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        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="text-align: center; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          TET13063
        </td>
      </tr>
      <tr>
        <td style="text-align: left; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          From (m)
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          130.76
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          158.19
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          140
        </td>
      </tr>
      <tr>
        <td style="text-align: left; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          To (m)
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          133.81
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          161.24
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          142.95
        </td>
      </tr>
      <tr>
        <td style="text-align: left; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          Au_ppm
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          150
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          0.03
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          23.2
        </td>
      </tr>
      <tr>
        <td style="text-align: left; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          Ag_ppm
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          3.3
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          235
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          45.4
        </td>
      </tr>
      <tr>
        <td style="text-align: left; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          Cu_ppm
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          1,670
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          58,700
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: right; padding-right: 0.0px; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          12,900
        </td>
      </tr>
    </table>
    </div>
    <p>
      SRK Consulting of Anchorage, Alaska, was retained to develop and oversee
      a metallurgical testing program that included a mineralogy study on gold
      deportment, gravity concentration and flotation of the gravity
      concentration tails. This work was carried out by SGS Metallurgical
      Operations of Vancouver, British Columbia. Two-kilogram charges of each
      sample were subject to grinding, gravity separation and rougher
      flotation of the gravity tails. The -10 mesh (&lt;2000 microns) material
      was ground to a target grind time in a rod mill, and then processed
      through a gravity concentrator (Knelson machine). The concentrate was
      upgraded with a Mozley table and the combined Knelson and Mozley tails
      (gravity tails) became rougher flotation feed. The gravity concentrate
      was assayed for gold and silver. In addition to the above, a
      mineralogical examination was performed with X-Ray diffraction (XRD),
      Quantitative Evaluation by Scanning Electron Microscope (QEMSCAN),
      optical microscopy and chemical analysis to determine the overall
      mineral assemblage present in the samples, identify the gold and
      silver-bearing minerals present and complete a mass balance of
      microscopic gold and silver.
    </p>
    <div style="margin-right: 0pt; width: 100%; margin-left: 0pt; text-indent: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      Results of this work are presented in graphical form and indicate that
      all samples achieved consistently high metallurgical recovery across the
      primary grind sizes that ranged from 49 to 115 microns. The high
      flotation concentrate mass pulled in all tests is a good reflection of
      the sample's sulfide content. (See graph: Average Total Metal Recovery &amp;
      Rougher Concentrate Mass Pull.)
    </p>
    <p>
      The proportion of contained gold recovered by gravity methods ranged
      from 8% to 30% with the lowest gravity recovery in the high copper
      bearing sample (Sample B) with progressively higher percentages of gold
      in the gravity concentrate as gold grade increased in Sample C and
      Sample A. (See graph: Gold &#8211; Gravity, Flotation and Combined and
      Concentrate Grade.)
    </p>
    <p>
      Primary sulfides identified in the analysis were pyrrhotite and
      chalcopyrite with lesser amounts of arsenopyrite, silver-bearing
      minerals, sphalerite and native gold. Primary silicate minerals include
      quartz, calcite, chlorite, potassium feldspar, amphibole and pyroxene.
      Abundant visible gold was observed in polished sections of Sample A and
      C (Table 2). Sample B, containing low gold head grade, returned only one
      grain of visible gold.
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="font-family: Times New Roman; font-size: 8pt; width: 100%; margin-bottom: 10.0px">
      <tr>
        <td colspan="10" style="text-align: left; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Table 2: Gold and Silver Assay and Grain Count Summary</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="top">
          <b>Sample #</b>
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="text-align: center; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Gold Grade </b><br><b>(g/t)</b>
          </p>
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="text-align: center; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Silver Grade</b><br><b> (g/t)</b>
          </p>
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b># of Gold Grains</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="top">
          Sample A
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          81.5
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          5.3
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          741
        </td>
      </tr>
      <tr>
        <td style="text-align: left; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="top">
          Sample B
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          0.15
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          227
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          1
        </td>
      </tr>
      <tr>
        <td style="text-align: left; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="top">
          Sample C
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          22.5
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          38.8
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td style="white-space: nowrap; text-align: center; padding-right: 0.0px; border-bottom: solid black 1.0pt; padding-left: 0.0px" valign="bottom">
          873
        </td>
      </tr>
    </table>
    </div>
    <p>
      In conclusion, preliminary metallurgical tests conducted on drill core
      samples from the Peak zone indicate that both gold and sulfide minerals
      respond to standard gravity and froth flotation treatment and that gold
      is not refractory in nature.
    </p>
    <p>
      The Company also announced today that it filed its Form 10-Q for the
      quarter ended March 31, 2014 with the Securities and Exchange Commission.
    </p>
    <p>
      The Company reported a net loss of $0.7 million or $0.18 per basic and
      diluted share for the three months ended March 31, 2014 compared to a
      loss of $0.5 million or $0.19 per basic and diluted share for the same
      period last year.
    </p>
    <p>
      For the nine months ended March 31, 2014, the Company reported a net
      loss of $8.5 million or $2.24 per basic and diluted share compared to a
      net loss of $5.9 million or $2.32 per basic and diluted share for the
      same period last year.
    </p>
    <p>
      On January 23, 2014, the Company announced that it had initiated the
      exploration and evaluation of strategic alternatives aimed at enhancing
      shareholder value, and retained Petrie Partners, LLC as its financial
      advisor to assist the Company in connection with its strategic review.
      The Company is conducting a process to solicit third party proposals for
      the sale, merger, joint venture or other business combination of the
      Company. The Company has not made a decision to pursue any specific
      strategic transaction or any other strategic alternative. While the
      Company will consider all commercially reasonable strategic
      alternatives, there can be no assurance that a transaction will be
      consummated on terms acceptable to the Board of Directors of the
      Company, or at all.
    </p>
    <p>
      CORE is a Houston-based company that engages in exploration in Alaska
      for gold and associated minerals and rare earth elements. Additional
      information can be found on our web page at <u>www.contangoore.com</u>.
    </p>
    <div style="margin-right: 0pt; width: 100%; margin-left: 0pt; text-indent: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      This press release contains forward-looking statements regarding CORE
      that are intended to be covered by the safe harbor &quot;forward-looking
      statements&quot; provided by the Private Securities Litigation Reform Act of
      1995, based on CORE&#8217;s current expectations and includes statements
      regarding future results of operations, quality and nature of the asset
      base, the assumptions upon which estimates are based and other
      expectations, beliefs, plans, objectives, assumptions, strategies or
      statements about future events or performance (often, but not always,
      using words such as &quot;expects&quot;, &#8220;projects&#8221;, &quot;anticipates&quot;, &quot;plans&quot;,
      &quot;estimates&quot;, &quot;potential&quot;, &quot;possible&quot;, &quot;probable&quot;, or &quot;intends&quot;, or
      stating that certain actions, events or results &quot;may&quot;, &quot;will&quot;, &quot;should&quot;,
      or &quot;could&quot; be taken, occur or be achieved). Forward-looking statements
      are based on current expectations, estimates and projections that
      involve a number of risks and uncertainties, which could cause actual
      results to differ materially from those, reflected in the statements.
      These risks include, but are not limited to: the risks of the
      exploration and the mining industry (for example, operational risks in
      exploring for, developing mineral reserves; risks and uncertainties
      involving geology; the speculative nature of the mining industry; the
      uncertainty of estimates and projections relating to future production,
      costs and expenses; the volatility of natural resources prices,
      including prices of gold and rare earth elements; the existence and
      extent of commercially exploitable minerals in properties acquired by
      CORE; potential delays or changes in plans with respect to exploration
      or development projects or capital expenditures; the interpretation of
      exploration results and the estimation of mineral resources; the loss of
      key employees or consultants; health, safety and environmental risks and
      risks related to weather and other natural disasters); uncertainties as
      to the availability and cost of financing; inability to realize expected
      value from acquisitions; inability of our management team to execute its
      plans to meet its goals; and the possibility that government policies
      may change or governmental approvals may be delayed or withheld,
      including the inability to obtain any mining permits. Additional
      information on these and other factors which could affect CORE&#8217;s
      exploration program or financial results are included in CORE&#8217;s other
      reports on file with the Securities and Exchange Commission. Investors
      are cautioned that any forward-looking statements are not guarantees of
      future performance and actual results or developments may differ
      materially from the projections in the forward-looking statements.
      Forward-looking statements are based on the estimates and opinions of
      management at the time the statements are made. CORE does not assume any
      obligation to update forward-looking statements should circumstances or
      management's estimates or opinions change.
    </p>
    <p>

    </p>
    <p>
      CONTACT:<br>Contango ORE, Inc.<br>Brad Juneau, 713-877-1311<br><u>www.contangoore.com</u>
    </p>
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