CSE: ARQ) ( Argo Gold" or the "Company") is pleased to announce that it intends to complete a private placement offering of up to 3,000,000 units (" Units") at a price of $0.17 per Unit, for gross proceeds of up to $510,000 and up to 2,500,000 flow through shares (" Flow Through Shares") at a price of $0.22 per Flow Through Share, for gross proceeds of up to $550,000 (the Units and the Flow-Through Shares, the " Offering"). The proceeds of the Offering will be used for exploration at the Uchi Gold Project including; a February 2021 till and bedrock sampling program to locate extensions of the mineralized structures and a June 2021 drill program targeting additional high-grade gold mineralization at the Woco, Northgate and Raingold Zones; as well as for general corporate purposes.