Argyle Announces up to $620,000 Private Placement and up to $590,000 LIFE Offering

Calgary, Alberta--(Newsfile Corp. - June 9, 2026) - Argyle Resources Corp. (CSE: ARGL) (OTCQB: ARLYF) (FSE: ME0) ("Argyle" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement financing (the "Private Placement") 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 consists of one common share in the authorized share structure of the Company (each, a "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.

Concurrently, the Company is pleased to announce that it intends to complete an offering consisting of up to 2,565,217 units of the Company ("LIFE Units") at a price of $0.23 per LIFE Unit, to raise gross proceeds of up to $590,000 (the "LIFE Offering" and together with the Private Placement, the "Offerings").

Each LIFE Unit will consist of one 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 LIFE Offering.

The LIFE Units to be issued under the LIFE Offering will be offered to purchasers pursuant to the listed issuer financing exemption ("LIFE Exemption") under Part 5A.2 of National Instrument 45-106 - Prospectus Exemptions, in all the provinces of Canada, except Québec. The LIFE Units offered under the LIFE Exemption will not be subject to resale restrictions pursuant to applicable Canadian securities laws.

There is an offering document ("Offering Document") related to the 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 in connection with the Offerings.

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 June 20, 2026, 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.

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