Ms. Judy Baker reports

ARGO'S SEPTEMBER 2024 OIL PRODUCTION AND UPDATE

Argo Gold Inc.'s September, 2024, oil production was a total of 3,565 barrels for the month, averaging 118 barrels per day. Oil prices averaged $68 per barrel, and Argo's September oil revenue was $241,198 and net operating cash flow was $163,738.

September, 2024                  Oil production  Argo interest        Argo oil       Argo net operating 
                                                                       revenue                cash flow

Lindbergh 1 (37.5% interest)        102 bbl/day     38 bbl/day         $77,775                  $54,292            
Lloyd 1 (18.75% interest)           166 bbl/day     31 bbl/day         $63,175                  $39,752            
Lindbergh 2 (37.5% interest)         83 bbl/day     31 bbl/day         $63,279                  $41,409            
Lloyd 2 (18.75% interest)            97 bbl/day     18 bbl/day         $36,969                  $28,285            
September, 2024, total                             118 bbl/day        $241,198                 $163,738           

Lloyd 2 was drilled in late August, equipped in early September and on production since mid-September. In October, 2024, Argo participated for an 18.75-per-cent interest in development drilling of a third oil well at Lindbergh that came on production in late October.

About Argo Gold Inc.

Argo Gold is a Canadian mineral exploration and development company, and an oil producer. Information on Argo Gold can be obtained from SEDAR and on Argo Gold's website. Argo Gold is listed on the Canadian Securities Exchange as well as OTC.

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