Attach the long strip on both the top and bottom line of the cut-out. Use a 1" spacer to make certain the 1" guide fits properly. Then attach two shorter strips at either end of the 3" cut-out.
Drill a hole and cut the 1" x 3" opening with a flush trim bit in a table mounted router.
We then made a saw cut in the jig so that we could check the plaque was always tight to our support under the jig before making the key hole slot.
Cut the masonite jig to suit your plaque size and screw to a piece of 90 degree material as shown.