ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 14, 2012, Contango ORE, Inc. issued a press release announcing that Kenneth R. Peak, Chairman and CEO, would take a medical leave of absence effective immediately.

The Board of Directors of the Company increased the size of the Board by one and appointed Mr. Brad Juneau as a director to serve on the Company's Board of Directors. The appointment was effective as of August 13, 2012, and Mr. Juneau will serve until the next election of members of the Board of Directors at the Company's annual shareholder meeting and until his successor is elected and qualified. Mr. Juneau has also been elected to serve as President and Acting Chief Executive Officer. Mr. Peak will continue to serve as Chairman.

A copy of the press release is attached to this Current Report as Exhibit
99.1. Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of such section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act.

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ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits

Exhibit No. Description of Document
99.1 Press Release dated August 14, 2012

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