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Form 4 Contango Silver & Gold For: Apr 08 Filed by: Khunkhun Shawn

April 9, 2026 6:00 PM
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person *
Khunkhun Shawn
(Last) (First) (Middle)
516 2ND AVENUE
SUITE 401
(Street)
FAIRBANKS AK 99701
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Contango Silver & Gold Inc. [ CTGO ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President and Director
3. Date of Earliest Transaction (Month/Day/Year)
04/08/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.01 04/08/2026 M 20,650 A $ 12.46 90,389 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) $ 12.46 04/08/2026 M 20,650 04/08/2026 04/10/2026 Common Stock 20,650 $ 12.46 0 D
Stock Option (right to buy) $ 13.86 (1) 02/25/2027 Common Stock 20,650 20,650 D
Stock Option (right to buy) $ 14.74 (1) 03/28/2029 Common Stock 22,798 22,798 D
Stock Option (right to buy) $ 17.54 (1) 02/28/2030 Common Stock 16,768 16,768 D
Stock Option (right to buy) $ 18.55 (2) 04/02/2031 Common Stock 36,000 36,000 D
Explanation of Responses:
1. These stock options were issued to Dolly Varden Silver Corporation ("Dolly Varden") and assumed by the issuer as replacement stock options in connection with the issuer's acquisition of Dolly Varden. The stock options are fully vested.
2. On April 2, 2026, the reporting person was granted 36,000 stock options that vest over two years with half vesting on April 2, 2027 and the remaining half vesting on April 3, 2028.
/s/ Mike Clark as Attorney in fact for Shawn Khunkhun 04/09/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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