February 25, 2021 – Mexico Mining Center

Argonaut Gold Announces Record Quarterly and Annual Revenue and Cash Flow from Operating Activities; Provides Fourth Quarter and Full Year Financial and Operating Results

February 25, 2021

For the fourth quarter 2020, the Company reports record quarterly revenue of $100.8 million, adjusted net income of $20.8 million or adjusted earnings per basic share of $0.07 and net income of $18.0 million or earnings per basic share of $0.06, derived from the sale of 53,478 gold equivalent ounces which generated record quarterly cash flow before changes in working capital of $39.5 million.

Aloro Provides Update

February 25, 2021

Thomas A. Doyle, President, CEO, stated “We are very pleased that Alamos has informed us that it has started its field exploration programs on the Los Venados Project. With Alamos’ experience and geologic knowledge of the immediate area with a major gold mine, I look forward to their findings.”

Excellon Drills 1,422 g/t Silver Equivalent Over 8.9 Metres at Platosa

February 25, 2021

“Initial drilling from the top of the Gap Zone has returned compelling high grade results,” stated Ben Pullinger, Senior Vice President Geology & Corporate Development. “This sub-vertical structure connects the 623 and NE-1S mantos and represents a significant opportunity to define additional mineralization at Platosa. We also continue to define and add further tonnage around known manto mineralization.”

Xali Gold Delineates Drilling Targets at El Dorado

February 25, 2021

Permitting applications are in progress for the drilling which are expected to take 3 to 4 months to receive. Permit applications are also being prepared for the reopening of the historical Hundida Mine and should take 6 to 10 months to receive.

Santacruz Silver Enters Definitive Agreement to Acquire the Zimapan Mine and Arranges Financing for Transaction

February 25, 2021

Carlos Silva, CEO of Santacruz, commented; “The completion of this transaction and concurrent financing will be transformational for Santacruz and will mark the Company as an emerging mid-tier silver producer.”

Silver Wolf Provides Update on Mexican Silver Property Option Agreement and Announces Non-Brokered Private Placement

February 25, 2021

“We are very pleased to receive conditional approval and we look forward to commencing exploration work on our strategic silver exploration assets in this well-known prolific carbonate replacement deposit (CRD) district” said Peter Latta, President. “Our initial focus will be the Ana Maria property, situated only a 30 minute highway drive from the international airport in the City of Torreón. We have an experienced team in Mexico to lead the work, as well as an industry-leading consulting geologist here in Canada, who are all working to build knowledge and confidence in the Ana Maria property.”

Day: February 25, 2021

Argonaut Gold Announces Record Quarterly and Annual Revenue and Cash Flow from Operating Activities; Provides Fourth Quarter and Full Year Financial and Operating Results

Aloro Provides Update

Excellon Drills 1,422 g/t Silver Equivalent Over 8.9 Metres at Platosa

Xali Gold Delineates Drilling Targets at El Dorado

Santacruz Silver Enters Definitive Agreement to Acquire the Zimapan Mine and Arranges Financing for Transaction

Silver Wolf Provides Update on Mexican Silver Property Option Agreement and Announces Non-Brokered Private Placement

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