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Toronto, Ontario–(Newsfile Corp. – March 18, 2026) – Argo Gold Inc’s. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS)<\/b>\u00a0(“Argo<\/b>” or the “Company<\/b>“)\u00a0January 2026 oil production was 2,254 barrels, averaging 73 barrels per day. Oil prices averaged CAD$57 per barrel, and Argo’s oil revenue was $129,344 and net operating cash flow was $80,891.<\/p>\n The partial redrill of Lloyd 2 (Argo’s interest 23.077%) was recently completed and the collapsed oil well was successfully brought back online.<\/p>\n Argo Gold also announces that Alex H. Falconer, CPA, CA, has been appointed to the Advisory Board. Mr. Falconer has extensive board-level experience with public companies, particularly in the mineral resource and energy sectors. Mr. Falconer has been instrumental in guiding many private companies to public listings and has served as a Director and Chairman of Audit Committees for many publicly traded companies.<\/p>\n Argo Gold also announces that effective March 18, 2026, it has granted an aggregate of 500,000 options to purchase common shares of the Company exercisable at a price of $0.12 per share and expiring on March 18, 2029, to a consultant of the Company. The common shares issuable upon exercise of the options, are subject to a four-month hold period from the date of grant.<\/p>\n About Argo Gold <\/b><\/p>\n 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<\/a> and on Argo Gold’s website at www.argogold.com<\/a>. Argo Gold is listed on the Canadian Securities Exchange (www.thecse.com<\/a>) CSE: ARQ<\/b> as well as OTC: ARBTF<\/b> and XFRA, XSTU, XBER: A2ASDS.<\/b><\/p>\n\n\n
\n January 2026<\/b><\/td>\n Oil Production<\/td>\n Argo’s interest<\/td>\n Argo’s Oil Revenue<\/td>\n Argo’s net operating
\ncash flow<\/td>\n<\/tr>\n\n Lindbergh 1
\n(37.5% interest)<\/td>\n98 bbl\/day<\/td>\n 37 bbl\/day<\/td>\n $63,759<\/td>\n $42,685<\/td>\n<\/tr>\n \n Lloyd 1
\n(18.75% interest)<\/td>\n73 bbl\/day<\/td>\n 14 bbl\/day<\/td>\n $23,529<\/td>\n $14,415<\/td>\n<\/tr>\n \n Lindbergh 2
\n(37.5% interest)<\/td>\n26 bbl\/day<\/td>\n 10 bbl\/day<\/td>\n $19,444<\/td>\n $10,363<\/td>\n<\/tr>\n \n Lindbergh 3
\n(18.75% interest)<\/td>\n66 bbl\/day<\/td>\n 12 bbl\/day<\/td>\n $22,612<\/td>\n $13,428<\/td>\n<\/tr>\n \n January 2026 Total<\/b><\/td>\n 73 bbl\/day<\/b><\/td>\n $129,344<\/b><\/td>\n $80,891<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
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