Ms. Joanna Longo reports

ARGONAUT GOLD ANNOUNCES VOTING RESULTS OF ANNUAL GENERAL & SPECIAL MEETING OF SHAREHOLDERS

Argonaut Gold Inc. has released the voting results obtained at the company's annual general and special meeting of shareholders held earlier today. A total of 521,935,132 shares, representing 62.22 per cent of the company's issued and outstanding shares, were voted at the meeting. The voting results are as shown in the attached tables.

About Argonaut Gold Inc.

Argonaut Gold is a Canadian gold company with a portfolio of operations and multistage assets in North America. Focused on becoming a low-cost mid-tier gold producer, the company is in the final stages of construction at its Magino project, located in Ontario, Canada. Magino is expected to achieve commercial production in the third quarter of 2023 and become Argonaut's largest and lowest-cost mine. The commissioning of Magino will be the first step in transforming the company as it enters a pivotal growth stage. The company also has three operating mines, including the Florida Canyon mine in Nevada, United States, where it is pursuing potential for redevelopment and additional growth; the La Colorada mine in Sonora, Mexico; and the San Agustin mine in Durango, Mexico. Argonaut Gold trades on the Toronto Stock Exchange under the ticker symbol AR.