X0306 4 2016-08-26 0 0001502377 Contango ORE, Inc. CTGO 0001586001 Gaines Leah S 3700 BUFFALO SPEEDWAY SUITE 925 HOUSTON TX 77098 0 1 0 0 Chief Financial Officer Common Stock, par value $0.01 2016-08-26 4 A 0 10000 0 A 45000 D Common Stock, par value $0.01 2016-08-27 4 M 0 4372 10.01 A 49372 D Stock Option (right to buy) 10.01 2016-08-27 4 M 0 7500 D 2018-09-25 Common Stock 500 7500 D The reporting person was granted 10,000 shares of restricted stock on August 26, 2016. The shares of restricted stock vest in three equal annual installments beginning on August 26, 2016. On August 27, 2016, the reporting person received 4,372 shares of Common Stock upon the net exercise of 7,500 of the reporting person's stock options. The reporting person forfeited 3,128 shares of Common Stock underlying the stock options in payment of the exercise price resulting from the exercise, using the closing stock price on August 26, 2016 of $24. The stock options fully vested on September 25, 2015. /s/ Leah Gaines 2016-09-01