Mr. Paul Poggione reports

ARGO GOLD ADOPTS SEMI-ANNUAL REPORTING

Argo Gold Inc. has adopted semi-annual financial reporting (SAR) pursuant to Coordinated Blanket Order 51-933, Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers. CBO 51-933 is a pilot program that permits eligible venture issuers to voluntarily move from quarterly to a semi-annual financial reporting framework under which Argo Gold meets the eligibility criteria.

As a result of adopting SAR, the company will not file interim financial statements and the related management's discussion and analysis (MD&A) for the three-month period ending March 31 and the nine-month period ending Sept. 30 of each applicable fiscal year. Argo Gold will continue to file audited annual financial statements (due within 120 days of Dec. 31) and six-month interim financial reports and the related MD&A (due within 60 days of June 30). Should the company cease to continue participating in the SAR pilot program, it will announce it in a future news release.

The company remains committed to timely and transparent disclosure and will continue to provide timely disclosure regarding exploration progress, corporate developments and other material information in accordance with Canadian securities regulations and as required under National Instrument 51-102, Continuous Disclosure Obligations, and under all applicable securities laws and regulations. Adopting semi-annual reporting will reduce the administrative and financial burden associated with quarterly reporting.

About Argo Gold Inc.

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