Argo Gold Corporate Update

Toronto, CANADA, October 12, 2018 – Argo Gold Inc. (“Argo Gold” or the “Company”) (CSE: ARQ) is pleased to announce that Paul Poggione, CIM, has been appointed VP of Corporate Development.

Paul has 21 years of capital markets experience, as a Portfolio Manager and Investment Adviser, managing portfolios for high net worth clients. He is very knowledgeable about markets from both first-hand experience and education as he holds the Chartered Investment Manager (CIM) designation, the highest designation in Canada for portfolio management. Most recently Paul worked in Corporate Development in the junior mining space, helping to raise over $1 million dollars. Over the past 21 years, Paul has worked alongside executives, professionals, business owners and decision makers in a professional setting or in the various charitable causes he has been involved in.

Argo Gold also announces that it has also granted an aggregate of 99,000 options to purchase common shares of the Company exercisable at a price of $0.18 per share and expiring on October 12, 2021 to a consultant of the Corporation. The common shares issuable upon exercise of the options are subject to a four-month hold period from the original date of grant.