Argo Increases Its Uranium Mineral Claim Position in the Athabasca Basin, Saskatchewan

Executive Summary

• Argo Gold increased its 100 % owned uranium claim footprint at Thunderclap to 264 ha, bringing total controlled uranium acreage in the Athabasca Basin to 15,962 ha across four properties.
• The release highlights historic drill intercepts on adjacent properties (e.g., 0.34 % U₃O₈ over 0.5 m; 0.25 % eU₃O₈ over 4 m) and notable polymetallic mineralization, underscoring the prospectivity of the newly acquired Thunderclap claim which has never been drill‑tested.
• Management positions the expanded land package as a strategic platform for future uranium exploration in a world‑renowned mining jurisdiction.

Key Details

• Claim Expansion: 100 % interest now covers 264 ha at Thunderclap; total controlled area across Thunderclap, Parker Lake, Thunderbolt and ZigZag = 15,962 ha.
• Location Context: Thunderclap lies 16 km SSW of McLean Lake Mine, 18 km SW of Rabbit Lake Mine, 30 km NE of Cameco’s Cigar Lake mine, and is surrounded by major operators (Cameco, Uranium Energy Corp).
• Historical Adjacent Drilling – Highlights:
• Asamera (1982) – 0.13 % eU₃O₈ over 4 m in drillhole Q12a‑9.
• SHA‑042 – 0.021 % U₃O₈ over 4 m (306‑310 m) and 0.071 % U₃O₈ over 7 m (499‑506 m).
• NW of Thunderclap – 0.25 % eU₃O₈ over 4 m in DDH Q8‑24; also intersected 14.8 % Ni, 7.2 % Co, 1.44 % Cu, 1.14 % As, 0.16 % Pb.
• SW of Thunderclap – 0.34 % U₃O₈ over 0.5 m plus anomalous Ni‑As‑Co‑Cu‑Pb‑Zn mineralization.
• Prospectivity Statement: The Thunderclap property is deemed “highly prospective” and remains undrilled, providing a clean slate for Argo’s future exploration program.
• Technical Review: Information reviewed and approved by Qualified Person Michael Guo (NI 43‑101).
• Forward‑Looking Statements: Emphasize potential for uranium discovery, contingent on successful drilling, financing, and market conditions.

Notable Quotes

• Judy Baker, CEO: “Argo Gold is well positioned to advance mineral exploration with high‑quality assets in a mining‑friendly jurisdiction.”