Argonaut Gold Announces Results of Annual General Meeting of Shareholders

TORONTO, May 6, 2021

All matters presented for approval at the Meeting by management were duly authorized and approved, as follows:

Resolution	Votes For	Votes Against	Votes Withheld
Number of Directors ARIVA.DE Börsen-Geflüster Kurse Argonaut Gold 0,337 $ -0,88%	162,101,715 (99.87%)	205,008 (0.13%)	–
Appointment of Auditors	171,317,136 (99.79%)	–	356,553 (0.21%)
Say on Pay Advisory Vote	161,447,380 (99.47%)	853,388 (0.26%)	–

Detailed voting results regarding the election of directors are as follows:

Further details on the above matters are set forth in the Corporation's meeting materials, including the Corporation's management information circular dated April 8, 2021, which are accessible under the Corporation's issuer profile on SEDAR at www.sedar.com. The Corporation has also filed a report of voting results on all resolutions voted on at the Meeting under the Corporation's issuer profile on SEDAR at www.sedar.com.

About Argonaut Gold

Argonaut Gold is a Canadian gold company engaged in exploration, mine development and production. Its primary assets are the El Castillo mine and San Agustin mine, which together form the El Castillo Complex in Durango, Mexico, the La Colorada mine in Sonora, Mexico and the Florida Canyon mine in Nevada, USA. The Corporation also holds the construction stage Magino project, the advanced exploration stage Cerro del Gallo project and several other exploration stage projects, all of which are located in North America.

For more information, contact:

Argonaut Gold Inc.
Dan Symons
Vice President, Corporate Development & Investor Relations
Phone: 416-915-3107
Email: dan.symons@argonautgold.com

SOURCE Argonaut Gold Inc.