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ARQ.CN ·

Argo Gold Update

Corporate Updates

Argo Gold Update

Toronto, Ontario--(Newsfile Corp. - August 12, 2022) - Argo Gold (CSE:

ARQ

) (OTCQB:

ARBTF

) (XFRA, XSTU, XBER:

A2ASDS

) announces that Reinhard Schu has stepped down from the

board of directors and that Pedro Villagran-Garcia has stepped down as Vice-President of Argo Gold.

The Company would like to thank Mr. Schu for his significant contributions and wish him well in his future

endeavours.

The Company would also like to thank Mr. Villagran-Garcia for his significant contributions

and wish him well in his future endeavours.

About Argo Gold

Argo Gold is a Canadian mineral exploration and development company.

Information on Argo Gold can

be obtained from SEDAR at

www.sedar.com

and on Argo Gold's website at

www.argogold.com

.

Argo

Gold is listed on the Canadian Securities Exchange (

www.thecse.com

) (CSE:

ARQ

) as well as

(OTCQB:

ARBTF

) and (XFRA, XSTU, XBER:

A2ASDS

).

For more information please contact:

Judy Baker, CEO

(416) 786-7860

[email protected]

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES

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"

within the meaning of applicable securities law.

Forward-looking information is frequently

characterized by words such as "plan", "expect", "project", "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 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 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 place 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.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/133721