Argo’s January 2025 Oil Production

Toronto, Ontario–(Newsfile Corp. – March 19, 2025) – Argo Gold Inc’s. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) (“Argo” or the “Company”) January 2025 oil production was a total of 3,541 barrels for the month, averaging 114 barrels per day. Oil prices averaged CDN$77.65 per barrel and Argo’s January oil revenue was $274,990 and net operating cash flow was $186,454.

January 2025Oil ProductionArgo’s interestArgo’s Oil RevenueArgo’s net operating
cash flowLindbergh 1
(37.5% interest) 112 bbl/day 42 bbl/day$101,831$73,793Lloyd 1
(18.75% interest) 154 bbl/day 29 bbl/day$70,058$46,801Lindbergh 2
(37.5% interest) 62 bbl/day23 bbl/day$54,898$35,892Lloyd 2
(18.75% interest) 13 bbl/day 2.5 bbl/day$5,957$2,428 Lindbergh 3
(18.75% interest)93 bbl/day17.5 bbl/day$42,246$27,540January 2025 Total114 bbl/day$274,990$186,454

Argo’s February oil production was approximately 2,971 barrels averaging 106 barrels per day.

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.

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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