Mr. Larry Radford reports

ARGONAUT GOLD BOLSTERS OPERATIONAL TEAM WITH APPOINTMENT OF VICE PRESIDENT, CANADIAN OPERATIONS

Argonaut Gold Inc. has appointed Chuck Hennessey as vice-president, Canadian operations, effective Aug. 29, 2022.

Mr. Hennessey brings 35 years of mining and project leadership experience to the role, including extensive experience through construction, operational readiness, plant commissioning and project ramp-up. Recently, Mr. Hennessey worked for Centerra Gold Corp. as vice-president of operations, British Columbia, and as mine general manager at the Mount Milligan mine. Before Centerra, Mr. Hennessey was mine general manager at two large Ontario mines. Mr. Hennessey has been responsible for improving safety, cost and production metrics at mine sites and building relationships with first nations partners. Mr. Hennessey led a team that received the Jake McDonald Annual Reclamation Award for research into innovative reclamation techniques.

"We look forward to Chuck playing a critical role in bringing the Magino project into production. Chuck's years of extensive project development experience and experience with an orebody requiring selective mining will be instrumental in advancing the project through the development life cycle. We welcome Chuck to the Argonaut team," commented Larry Radford, president and chief executive officer of Argonaut Gold.

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, United States. The company 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.

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