ARGO EXPLORATION LIMITED(AXT)

The company has sold 200,000 fully paid ordinary shares in its listed investment, Pantheon Resources to fund general working capital. The consideration for the sale was approximately $192,789. The Board considered that the sale of shares in Pantheon was the most cost-efficient, non-dilutive and expedient method of funding available to it at the present time. As of the date of this announcement, the Company holds 6.0 million shares in Pantheon Resources Plc worth ~$5.8m.

The company lodges the following: March 2021 Quarterly Activities Report and March 2021 Quarterly Cashflow Report.

The company has sold 200,000 fully paid ordinary shares in its listed investment, Pantheon Resources to fund general working capital. The consideration for the sale was approximately $109,990 (before costs). As at the date of this announcement, the company holds 6.2 million shares in Pantheon Resources worth ~$3.3m.

The following securities will be released from voluntary escrow: 12,000,000 fully paid ordinary shares. Release date is 30 April 2021.

The company lodges its Half-year Financial Report - 31 December 2020.

The company lodges its Appendix 2A.

The company releases a notice of Proposed issue of Securities - AXT.

The company announces the placement of 2,500,000 new fully paid ordinary shares at $0.01 (1 cent) per share to an investor, raising $25,000. The Shares are voluntary escrowed for a period of 12 months from the date of issue. The placement was done at a ~29% discount to the latest share price. The proceeds will be used for general working capital purposes.

The company lodges its December 2020 Quarterly Cashflow Report.

The company lodges its December 2020 Quarterly Activities Report.

The company releases an Appendix 2A.

The company releases its Amended Constitution.

The company releases the results of its AGM.

The company lodges its September 2020 Quarterly Cashflow Report.

The company lodges its September 2020 Quarterly Activities Report.

The company releases a notice of Proposed issue of Securities - AXT.

The company's AGM will be held virtually via a webinar conferencing facility at 10.30am (AEDT) on 27 November 2020.

The company releases its Appendix 4G and Corporate Governance Statement.

The company lodges its 2020 Annual Report to Shareholders.

Pantheon Resources provides an update on its 89.2%-100% owned projects on the Alaskan North Slope. Great Bear Pantheon has received notice from the Alaska Department of Natural Resources that the application to form the Alkaid Production Unit of 22,804 acres is complete and eligible for approval. Pantheon has also entered the unitisation application process with the State of Alaska for the Talitha project. Work is nearing completion for the determination of a resource estimate for the Kuparuk horizon at the 89.2% owned Talitha project. The company is actively engaged with multiple parties who are presently undertaking analysis of the farmout opportunity. Pantheon's objective is to be drilling in Alaska this coming 2020/21 winter season.

Shareholders in this company should consider crystallising a capital loss in 2020/21 by selling their worthless shares, which they can achieve online by entering transaction details here. While this usually makes good economic sense, we recommend you seek professional advice before buying or selling securities, your accountant is probably the best person.

The company lodges its June 2020 Quarterly Cashflow Report.

The company lodges its June 2020 Quarterly Activities.

The company lodges its Half-year Financial Report - 31 December 2019.

The company lodges its March 2020 Quarterly Cashflow Report.

The company lodges its March 2020 Quarterly Activities Report.

The company releases an Appendix 2A.

The company announces the placement of 12,000,000 new fully paid ordinary shares at $0.01 (1 cent) per share to investors, raising $120,000 (before costs). The Shares are voluntary escrowed for a period of 12 months from the date of issue. The placement was done at a ~29% discount to the latest share price and the Company will utilise its placement capacity under ASX Listing Rule 7.1 for the issue. The proceeds from the Placement will be used for general working capital purposes.

Due to the current macro climate conditions, Argo and LC Capital Limited have mutually agreed to terminate the Placement announced on 21 October 2019 to raise $400,000.

ASX advised that in their opinion, the company's current operations, being solely the investment in Pantheon and holding no interest in resource tenements, are not sufficient to warrant the continued quotation of the company's securities. The Board continues to review and evaluate a number of new potential projects and corporate opportunities and will keep shareholders informed of its progress. Argo continues to hold 6,500,000 fully paid ordinary shares in Pantheon Resources Plc. LC Capital Limited is fully committed to the company and will work closely with the Company to create and deliver maximum value to all shareholders.

The securities of Argo Exploration Limited will be suspended from quotation immediately in accordance with Listing Rule 17.3, as ASX has determined that AXT's operations are not adequate to warrant the continued quotation of its securities and therefore it is in breach of Listing Rule 12.1. The suspension will continue until AXT is able to demonstrate compliance with Listing Rule 12.1 of the Listing Rules.

suspension of trading in the securities is lifted following receipt of an announcement by the Company regarding the completion of a share placement

securities suspended from quotation immediately, at the request of the Company, pending the release of an announcement by the Company