Ms. Judy Baker reports

ARGO'S APRIL 2025 OIL PRODUCTION

Argo Gold Inc.'s oil production totalled 2,805 barrels for April, 2025, averaging 93.5 barrels per day. Oil prices averaged $60 per barrel, and Argo's April oil revenue was $167,959 and net operating cash flow was $95,374.

Argo recently increased its operating interest at Lloyd 2 to 23.077 per cent from 18.75 per cent, whereby Argo's 23.077-per-cent interest now encompasses the entire General Petroleum oil formation at Lloyd. The partnership has paid the seller $75,000 for its 18.75-per-cent interest in the General Petroleum oil formation at Lloyd, of which Argo has participated in the purchase for its pro rata share. After cumulative production of 45,000 barrels of oil, the partnership would pay the seller a one-time bonus of $25,000, where Argo would pay its pro rata share.

About Argo Gold Inc.

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