Argonaut Gold Announces Updated Technical Reports, 2021 Production, 2022 Guidance and
Provides Exploration Update

Toronto, Ontario – (February 14, 2022) Argonaut Gold Inc. (TSX: AR) (the “Company”, “Argonaut Gold” or
“Argonaut”) is pleased to announce updated information to be included in a new Magino technical report,
2021 production, 2022 production and cost guidance, an exploration update and the filing of updated
technical reports for its Mexican operating assets. All dollar amounts are expressed in United States dollars, unless specified. “C$” refers to Canadian dollars.

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