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ARQ.CN ·

Argo's 2023 Oil Production

Corporate Updates

Argo's 2023 Oil Production

Toronto, Ontario--(Newsfile Corp. - May 1, 2024) - Argo Gold Inc.'s (CSE: ARQ) (OTC Pink: ARBTF)

(XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("

Argo

" or the "

Company

") total 2023 oil

production was 17,553 barrels for the company's first year as an oil producer in the Lloydminster area of

Alberta, Canada.

Argo's 2023 oil revenue was $952,692 and the company's net operating cash flow for

2023 was $665,917.

Year 2023

Argo's oil production

Argo's 2023

Oil Revenue

Argo's 2023 net

operating cash flow

Lindbergh 1, Lindbergh 2, Lloyd 1

17,533 barrels

$952,692

$665,917

About Argo Gold

Argo Gold is a Canadian mineral exploration and development company, and an oil producer.

Information on Argo Gold can be obtained from SEDAR at

www.sedarplus.ca

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 OTC Pink:

ARBTF

and XFRA, XSTU, XBER:

A2ASDS.

Judy Baker, CEO

(416) 786-7860

[email protected]

www.argogold.com

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES

PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR

ACCURACY OF THIS RELEASE.

Information Cautionary Statement

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/207600