Argyle Announces Commencement of New LIFE Offering

Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) (FSE: ME00) ( "Argyle" or the "Company" ) is pleased to announce an offering pursuant to the "listed issuer financing exemption" (the "New LIFE Offering" ) under Part 5A of National Instrument 45-106 –  Prospectus Exemptions (such exemption, the "Listed Issuer Financing Exemption" ). The Company's prior LIFE offering announced on June 9, 2026 (the "Prior LIFE Offering" ) will expire on July 24, 2026, as its completion period will have elapsed. The Company will not proceed with the Prior LIFE Offering and is initiating the New LIFE Offering to continue its capital raising efforts. The Company intends to complete the New LIFE Offering on the same terms as the Prior LIFE Offering through issuance of a minimum of 1,086,956 units the Company ( "LIFE Units" ) and a maximum of 2,565,217 LIFE Units at a price of $0.23 per LIFE Unit, to raise gross proceeds of a minimum of $250,000 and a maximum of up to $590,000. Each LIFE Unit will consist of one common share in the capital of the Company (each, a "Common Share" ) and one Common Share purchase warrant (each, a "LIFE Warrant" ). Each LIFE Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of $0.31 for a period of 24 months from the date of issuance. The LIFE Warrants will not be exercisable until 60 days after the closing date of the New LIFE Offering. The LIFE Units to be issued under the New LIFE Offering will be offered to purchasers pursuant to the Listed Issuer Financing Exemption in all the provinces of Canada, except Québec. The LIFE Units offered under the Listed Issuer Financing Exemption will not be subject to resale restrictions pursuant to applicable Canadian securities laws. Concurrently with the New LIFE Offering, the Company intends to complete its previously announced non-brokered private placement financing (the "Private Placement" , and together with the New LIFE Offering, the "Offerings" ) of up to 2,695,652 units of the Company ( "Units" ) at a price of $0.23 per Unit for gross proceeds of up to $620,000. Each Unit will consist of one Common Share and one Common Share purchase warrant (each, a "Warrant" ). Each Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of $0.31 for a period of 24 months from the date of issuance. All securities issued in connection with the Private Placement will be subject to: (i) a statutory hold period of four months and one day from the date of issuance; and (ii) an exchange hold of four months from the date of issuance. There is an offering document ( "Offering Document" ) related to the New LIFE Offering that can be accessed under the Company's profile on SEDAR+ at www.sedarplus.ca and on the Company's website at www.argyleresourcescorp.com . Prospective investors should read this Offering Document before making an investment decision. The Company may pay finder's fees consisting of: (i) up to 10% of the gross proceeds of the Offerings payable in cash; and (ii) finder's warrants of up to 10% of units sold in the Offerings ( "Finder's Warrants" ). Each Finder's Warrant shall entitle the holder thereof to acquire one Common Share at a price of $0.31 for a period of 24 months from the date of issuance. The Company plans to use the net proceeds from the Offerings for mineral property exploration activities and expenditures, general working capital purposes, legal and accounting expenses, and as otherwise described in the Offering Document. The Offerings are scheduled to close on or about July 31st, 2026, or such other date that is within 45 days from the date of this news release, and are subject to certain conditions customary for transactions of this nature, including, but not limited to, the receipt of all necessary approvals, including the approval of the Canadian Securities Exchange.