Argonaut Gold and Alio Gold Mail Joint Management Information Circular in Connection with Special Meetings to Approve Friendly At-market Merger

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TORONTO, Ontario and VANCOUVER, British Columbia – April 22, 2020 – Argonaut Gold Inc. (“Argonaut” or “Argonaut Gold”) (TSX: AR) and Alio Gold Inc. (“Alio” or “Alio Gold”) (TSX, NYSE-A: ALO) have filed the joint management information circular and related meeting materials in connection with their respective special meetings of securityholders (the “Meetings”) to be held on May 20, 2020. The purpose of the Meetings is to seek approval for a number of matters, including the proposed friendly, at-market merger announced on March 30, 2020, whereby Argonaut and Alio will combine to create a diversified intermediate producer in North America.

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