Mr. Paul Poggione reports

ARGO COMPLETES SALE OF ROCKSTAR GOLD PROJECT ROYALTY FOR $250,000

Argo Gold Inc. has completed the sale of its net smelter return royalty on the Rockstar gold project, located in Jacobson and Riggs townships, Ontario, for total cash consideration of $250,000. The transaction was completed pursuant to a royalty purchase agreement. Under the terms of the agreement, the company sold, assigned and transferred all of its right, title and interest in and to the royalty, free and clear of all encumbrances.

The Rockstar gold project royalty was a 1-per-cent net smelter return royalty with a 0.5-per-cent buyback for $500,000. The Rockstar gold project is 27 square kilometres of mineral exploration claims located approximately 15 kilometres south-southeast of the Island gold mine owned and operated by Alamos Gold Inc.

About Argo Gold Inc.

Argo Gold is a Canadian mineral exploration and development company and an oil producer. Argo Gold is listed on the Canadian Securities Exchange (symbol: ARQ), the OTC (over-the-counter) market (symbol: ARBTF), and the Frankfurt Stock Exchange, the Stuttgart Stock Exchange and the Berlin Stock Exchange (symbol: A2ASDS).