Mr. Praveen Arichandran reports

ARGO CORPORATION ANNOUNCES CLOSING OF STRATEGIC INVESTMENT

Argo Corp. has closed a non-brokered private placement with a strategic investor whose business is related to the manufacturing of potential future vehicle hardware.

Argo continues to advance its next-generation public transit platform and evaluate opportunities to develop alignment with partners and investors in support of its long-term vehicle hardware and fleet strategy. The private placement consisted of 1.15 million common shares issued at a price of 40 cents per common share, for gross proceeds of $460,000. No finders' fees or commissions were paid in connection with the private placement. The company intends to use the proceeds from the private placement for working capital and general corporate purposes. The securities issued under the private placement are subject to a statutory hold period expiring Oct. 6, 2026, in accordance with applicable securities laws. The private placement remains subject to final acceptance of the TSX Venture Exchange.

About Argo Corp.

Argo delivers the first ever vertically and publicly integrated city transit system, designed to augment public transportation and create a network of intelligently routed vehicles that work together to serve and scale to the needs of entire cities, putting people in control of their mobility.

We seek Safe Harbor.