Ms. Judy Baker reports

ARGO'S OCTOBER 2024 OIL PRODUCTION AND UPDATE

Argo Gold Inc.'s oil production totalled 3,651 barrels in October, 2024, averaging 118 barrels per day. Oil prices averaged $71 per barrel, and Argo's October oil revenue was $258,369 and net operating cash flow was $170,041.

Lindbergh 3 came on production in late October. Lloyd 2 produced about 8,000 barrels from mid-September through late October (Argo's share: 1,500 barrels) when the horizontal well bore appears to have collapsed dropping production to near zero. Operational well repair attempts in November were not successful and the well was shut down in late November. There are tentative plans for the partial redrill of Lloyd 2 in early January, 2025.

Argo's November oil production was approximately 3,569 barrels, averaging 119 barrels per day.

About Argo Gold Inc.

Argo Gold is a Canadian mineral exploration and development company and an oil producer.

We seek Safe Harbor.