Ms. Judy Baker reports

ARGO'S JANUARY OIL PRODUCTION

Argo Gold Inc.'s January, 2026, oil production was 2,254 barrels, averaging 73 barrels per day. Oil prices averaged $57 per barrel, and Argo's oil revenue was $129,344 and net operating cash flow was $80,891.

The partial redrill of Lloyd 2 (Argo's interest -- 23.077 per cent) was recently completed and the collapsed oil well was successfully brought back on line.

Argo Gold also announces that Alex H. Falconer, CPA, CA, has been appointed to the advisory board. Mr. Falconer has extensive board-level experience with public companies, particularly in the mineral resource and energy sectors. Mr. Falconer has been instrumental in guiding many private companies to public listings, and has served as a director and chairman of audit committees for many publicly traded companies.

Effective March 18, 2026, Argo Gold has granted an aggregate of 500,000 options to purchase common shares of the company, exercisable at a price of 12 cents per share and expiring on March 18, 2029, to a consultant of the company. The common shares issuable upon exercise of the options are subject to a four-month hold period from the date of grant.

About Argo Gold Inc.

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