Argo Gold Inc.: Argo Gold Closes Oversubscribed Private Placement Financing CSE: ARQ) ( Argo Gold" or the "Company") is pleased to announce that it has closed the previously announced non-brokered private placement offering (the " Offering"), through the issuance of 8,261,232 units (" Units") at a price of $0.17 per Unit, for gross proceeds of $1,404,409.44; and 1,960,300 flow-through shares (" Flow-Through Shares") at a price of $0.22 per Flow-Through Share, for gross proceeds of $431,266.00. All securities issued pursuant to the Offering will be subject to a four month and one day hold period in accordance with applicable securities laws. Each Unit consists of one common share of the Company (a "