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ARQ.CN ·

Argo's May Oil Production

Argo's May Oil Production

Toronto, Ontario--(Newsfile Corp. - July 16, 2026) - Argo Gold Inc's.

(CSE: ARQ) (OTC Pink: ARBTF)

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

("

Argo

" or the "

Company

") May 2026 oil

production was 2,514 barrels, averaging 81 barrels per day.

Oil prices averaged CAD$109 per barrel,

and Argo's oil revenue was $274,334 and net operating cash flow was $180,870.

May 2026

Oil Production

Argo's interest

Argo's Oil Revenue

Argo's net operating

cash flow

Lindbergh 1

(37.5% interest)

37 bbl/day

14 bbl/day

$43,888

$22,749

Lloyd 1

(18.75% interest)

71 bbl/day

13 bbl/day

$45,225

$24,513

Lindbergh 2

(37.5% interest)

37 bbl/day

14 bbl/day

$50,237

$32,251

Lindbergh 3

(18.75% interest)

51 bbl/day

10 bbl/day

$32,005

$19,882

Lloyd 2

(23.077% interest)

132 bbl/day

30 bbl/day

$102,978

$81,475

May 2026 Total

81 bbl/day

$274,334

$180,870

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:

ARBTF

and XFRA, XSTU, XBER:

A2ASDS.

Paul Poggione, President

(613) 277-1989

[email protected]

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.

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

https://www.newsfilecorp.com/release/305435