Ms. Judy Baker reports

ARGO EXPANDS MINERAL CLAIM POSITION IN THE ROTTENSTONE BELT, SASKATCHEWAN

Argo Gold Inc. recently acquired an additional 4,608 hectares of mineral claims, by staking, in the Rottenstone belt located 140 kilometres north of La Ronge, Sask. Argo's position in the Rottenstone belt now consists of 26,600 hectares of contiguous mineral claims. The Rottenstone belt has seen very little mineral exploration since the late-1960s but recent exploration results are commanding another look at the metallogenic district.

Historic exploration in the area consists of ground prospecting, government mapping, airborne surveys and shallow drilling; but mineral assays did not include gold, platinum or palladium. The nearby past-producing Rottenstone mine produced nickel, copper, gold and platinum group metals from 1965 to 1969. The open-pit mine operated during a summer production season, with winter haulage, and the concentrate produced was shipped to Copper Cliff, the refinery of the International Nickel Company of Canada. Approximately 28,724 tonnes of ore was processed averaging 3.28 per cent nickel, 1.83 per cent copper, 4.70 grams per tonne platinum, 3.90 g/t palladium and 1.03 g/t gold (Fraser, 2000).

On June 17, 2024, Ramp Metals reported a discovery of high-grade gold in the Ranger-1 drill hole of 73.55 grams per tonne gold over 7.5 metres from 227 to 234.5 metres (Ramp Metals, 2024).

Argo recently completed a compilation of all historic data on its mineral claims acquired this past summer (Argo Gold, Aug. 7, 2024) and identified additional prospective mineral exploration ground where anomalous gold, silver and copper in lake sediments (GSC) coincide with an interpreted fold axis from historic geophysical data. Argo's mineral claim position in the Rottenstone belt covers areas of interest, including anomalous copper in soils, electromagnetic conductors identified by historic geophysical surveys, ultramafic rocks, the Gow Lake meteor crater area and the geological strike extension of the Rottenstone mine.

The Fraser Institute's annual survey of mining companies ranked Saskatchewan as third in the world for mineral exploration and mining investment attractiveness. Argo is well positioned to advance mineral exploration with high-quality assets in a mining-friendly jurisdiction.

National Instrument 43-101 disclosure

The technical information in this news release has been reviewed and approved by Michael Guo, PhD, PGeo, at MG Geological Consulting Ltd. He is a qualified person in accordance with the Canadian regulatory requirements set out in National Instrument 43-101. Historical geochemical, drilling results and geological descriptions quoted in this news release were taken directly from news releases by other mineral explorers and from information provided by the government of Saskatchewan. Management cautions that results reported by other parties on adjacent properties have not been verified or confirmed by its qualified person, but Argo believes they create a scientific foundation for the exploration in the district. Management further cautions that historical results or discoveries on adjacent or nearby mineral properties are not necessarily indicative of the results that may be achieved on Argo's mineral properties.

Marketing

Argo also announces that it has entered into an advertising/e-marketing contract with 1000903966 Ontario Inc. to provide marketing services, including social media engagement through X (formerly Twitter), Facebook, YouTube and Reddit. The initial term of the agreement is 90 days, starting on Jan. 30, 2025, and may be renewed with mutual written agreement. During the initial term, 1000903966 Ontario Inc., will be paid $15,000.

About Argo Gold Inc.

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

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