Ms. Judy Baker reports

ARGO'S NOVEMBER 2024 OIL PRODUCTION

Argo Gold Inc.'s oil production totalled 3,597 barrels for November, 2024, averaging 120 barrels per day. Oil prices averaged $72 per barrel, and Argo's November oil revenue was $258,042 and net operating cash flow was $153,014.

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 appeared to have collapsed dropping production to near zero. Operational well repair attempts in November and December have not been successful, but the oil well continues to produce at very low levels.

Argo's December oil production was approximately 3,367 barrels, averaging 109 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.