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Argo Gold Announces Resignation of Director and CEO

Newsfile Corp.

Toronto, Ontario--(Newsfile Corp. - January 3, 2019) - Argo Gold Inc. (CSE: ARQ) ("Argo Gold" or the "Company") announces that Judy Baker has tendered her resignation as Director, President and Chief Executive Officer of the Company due to personal reasons. Mr. Chris Irwin has been appointed Interim President and Chief Executive Officer of the Company until such time as the Company appoints Ms. Baker's successor.

Management and the board of directors would like to thank Ms. Baker for her years of service and considerable contributions to the Company and wish her well in her future endeavours.

About Argo Gold Inc.

Argo Gold is listed on the Canadian Securities Exchange under the ticker ARQ. Argo Gold is focused on gold exploration projects central and northwestern Ontario. All of Argo Gold's projects are 100% owned and have indications of economic viability. Argo Gold's website is www.argogold.ca.

For more information please contact:
Chris Irwin
Interim President & CEO
(416) 361-2516
cirwin@irwinlowy.com

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

Forward-looking Information Cautionary Statement

Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. 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 at www.sedar.com.