Argo to Renew Its Normal Course Issuer Bid

Group 1 - Argo Gold Inc. intends to renew its normal course issuer bid (NCIB) to purchase up to 3,654,388 common shares, representing 5% of its issued and outstanding shares, over a 12-month period starting June 27, 2025 [1] - Since the inception of the original NCIB, Argo Gold has purchased 777,307 shares and cancelled 747,807 shares, with the uncancelled shares set to be cancelled by June 30, 2025 [2] - The board and management believe that the market price of the common shares may not fully reflect the company's value and prospects, making the share buyback an appropriate strategy for increasing long-term shareholder value [3] Group 2 - The purchase of common shares will be conducted through the Canadian Securities Exchange (CSE) or alternative trading systems, with the price based on the prevailing market price at the time of purchase [4] - Argo Gold is a Canadian mineral exploration and development company, as well as an oil producer, with information available on SEDAR+ and its website [5]