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ARQ.CN ·

Argo Gold Announces Resignation of Director and CEO

Management Changes

ARGO GOLD INC.

365 Bay Street, Suite 400

Toronto, Ontario M5H 2V1

Argo Gold Announces Resignation of Director and CEO

Toronto, CANADA, January 3, 2019 – Argo Gold Inc. (“Argo Gold” or the “Company”) (CSE:

ARQ) announces that Judy Baker has tendered her resignation as Director, President and Chief

Executive Officer of the Company due to personal reasons. Mr. Chris Irwin has been appointed

Interim President and Chief Executive Of ficer of the Company until such time as the Company

appoints Ms. Baker’s successor.

Management and the boar d of directors would like to thank Ms. Baker for her years of service

and considerable contributions to the Company and wish her well in her future endeavours.

About Argo Gold Inc.

Argo Gold is listed on the Canadian Securities E xchange under the ticker ARQ. Argo Gold is

focused on gold exploration projects central and northwestern Ontario. All of Argo Gold’s

projects are 100% owned and have indications of economic viability. Argo Gold’s website is

www.argogold.ca.

For more information please contact:

Chris Irwin

Interim President & CEO

(416) 361-2516

[email protected]

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SER VICES PROVIDER HAVE REVIEWED OR ACCEPT

RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Forward-looking Information Cautionary Statement

Except for statements of historic fact, this news release contains certain “forward -looking information” w ithin the meaning of

applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “projec t”,

“intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or

“will” occur. Forward-looking statements 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 resu lts to differ materially

from those anticipated in the forward -looking statements including, but not limited to delays or uncertainties with regulat ory

approvals, including that of the CSE. There are uncertainties inherent in forward -looking information, including factors beyond

the Company’s control. The Company undertakes no obligation to update forward -looking information if circumstances or

management's estimates or opinions should change except as required by law. The reader is cautioned not to p lace undue

reliance on forward -looking statements. Additional information identifying risks and uncertainties that could affect financial

results is contained in the Company’s filings with Canadian securities regulators, which filings are available at www.sedar.com.