Mr. Dan Symons reports

ARGONAUT GOLD ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING OF SHAREHOLDERS

Argonaut Gold Inc. has released the results of its annual meeting of shareholders held on May 12, 2022.

All matters presented for approval at the meeting by management were duly authorized and approved, as shown in the attached table.

Detailed voting results regarding the election of directors are shown in the attached table.

Further details on the annual meeting matters are set forth in the corporation's meeting materials, including the corporation's management information circular dated April 5, 2022, which are accessible under the corporation's issuer profile on SEDAR. The corporation has also filed a report of voting results on all resolutions voted on at the meeting under the corporation's issuer profile on SEDAR.

About Argonaut Gold Inc.

Argonaut Gold is a Canadian gold company engaged in exploration, mine development and production. Its primary assets are the El Castillo mine and San Agustin mine, which together form the El Castillo complex in Durango, Mexico, the La Colorada mine in Sonora, Mexico, and the Florida Canyon mine in Nevada in the United States. The corporation also holds the construction-stage Magino project, the advanced-exploration-stage Cerro del Gallo project and several other exploration-stage projects, all of which are located in North America.