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Argo’s January 2024 Oil Production

Toronto, CANADA, March 11, 2024 – Argo Gold Inc’s. (“Argo” or the “Company”) (CSE: ARQ, OTC: ARBTF and XFRA, XSTU, XBER: A2ASDS) January 2024 oil production was a total of 3622 barrels for the month, averaging 117 barrels per day.  Oil prices averaged CDN$59.23 per barrel and Argo’s January oil revenue was $214,537 and net operating cash flow was $124,483.

January 2024 Oil Production Argo’s interest Argo’s Oil Revenue Argo’s net operating cash flow
Lindbergh 1
(37.5% interest)
108 bbl/day 40.4 bbl/day $72,973 $40,281
Lloyd
(18.75% interest)
207 bbl/day 39 bbl/day $74,398 $49,606
Lindbergh 2
(37.5% interest)
100 bbl/day 37.4 bbl/day $67,166 $34,606

About Argo Gold

Argo Gold is a Canadian mineral exploration and development company.  Information on Argo Gold can be obtained from SEDAR at www.sedarplus.ca and on Argo Gold’s website at www.argogold.com. Argo Gold is listed on the Canadian Securities Exchange (www.thecse.com) CSE: ARQ as well as OTC: ARBTF and XFRA, XSTU, XBER: A2ASDS.

Judy Baker, CEO
(416) 786-7860
jbaker@argogold.ca
www.argogold.com

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Forward-looking Information Cautionary Statement

Except for statements of historic fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law.   Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur.   Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to the financing not being completed in its entirety, or at all, delays or uncertainties with drilling and surface preparation work, and not achieving hoped for exploration success.   There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control.   The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law.   The reader is cautioned not to place undue reliance on forward-looking statements.   Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which filings are available.

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