Argo Gold Inc. Enters into Agreement to sell McVicar Lake Gold Project 12-Nov-20
700 – 350 Bay Street
Toronto, ON., M5H 2S6
ARGO GOLD INC.
Argo Gold Enters into Agreement to Sell the McVicar Lake Gold Project
Toronto, CANADA, November 12, 2020 – Argo Gold Inc. (“ Argo Gold” or the “ Company”) (CSE:
ARQ) has entered into an agreement with Cross River Ventures Corp. ("Cross River") pursuant to
which Argo Gold has agreed to sell its 100% interest in 133 unp atented mining claims comprising
its McVicar Lake Gold Property located in the Patricia Mining D ivision to Cross River. Pursuant to
the terms of the agreement the Company has agreed to sell the M cVicar Lake Gold Property in
exchange for CDN$200,000, 2.5 million shares of Cross River iss ued to Argo Gold, and a 2% net
smelter return royalty (the "Royalty") in favour of Argo Gold o n the McVicar Lake Gold Property.
Cross River can purchase 1% of the Royalty (so that the remaining Royalty is equal to 1%) from Argo
Gold for the sum of CDN$1,000,000. Completion of the transaction will be subject to receipt of all
necessary consents and regulatory approvals.
About Argo Gold Inc.
Argo Gold is a Canadian mineral e xploration and development com pany, focused on gold
exploration projects in central and northwestern Ontario. Argo Gold recently added the Talbot
Lake Gold Project to its portfolio. (Argo Gold PR, June 11 2020). Information on Argo Gold can be
obtained from SEDAR at www.sedar.com and on the Company’s website at www.argogold.ca. Argo
Gold is listed on the Canadian Securities Exchange (www.thecse.com) under the ticker ARQ, on the
OTC under the ticker ARBTF and on the FSE under P3U.
For more information please contact:
Judy Baker, CEO
(416) 786‐7860
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER
HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCU RACY OF THIS
RELEASE.
Forward‐looking Information Cautionary Statement
E x c e p t f o r s t a t e m e n t s o f h i s t o r i c f a c t , t h i s n e w s r e l e a s e c o n t ains certain “forward‐looking information” within the
meaning of applicable securities law. Forward‐looking information is frequently characterized by words such as “plan”,
“expect”, “project”, “intend”, “believe”, “anticipate”, “estima te” and other similar words, or statements that certain
events or conditions “may” or “w ill” occur. Forward‐looking s tatements are based on the opinions and estimates at
the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could
cause actual events or results to differ materially from those anticipated in the forward‐looking statements including,
but not limited to delays or uncertainties with regulatory approvals, including that of the CSE. There are uncertainties
inherent in forward‐looking information, including factors beyo nd the Company’s control. The Company undertakes
no obligation to update forward‐looking information if circumst ances or management's estimates or opinions should
change except as required by law. The reader is cautioned not to place undue reliance on forward‐looking
statements. Additional information identifying risks and unce rtainties that could affect financial results is contained
in the Company’s filings with Canadian securities regulators, which filings are available.