Argos Resources Ltd Completion of PL001 Licence Reassignment (7395Q)

TIDMARG

RNS Number : 7395Q

Argos Resources Ltd

21 February 2019

21 February 2019

ARGOS RESOURCES LIMITED

("Argos" or "the Company")

COMPLETION OF PL001 LICENCE REASSIGNMENT

Argos Resources Limited (AIM: ARG.L), (the "Company", "Argos"), the Falkland Island based exploration company, announces the completion of the reassignment to the Company of 100% Working Interest in Licence PL001 in the North Falkland Basin following the earlier notice to withdraw from the Licence by its former partners Noble Energy Falklands Limited ("Noble") and Edison International S.p.A ("Edison").

Ian Thomson, Chairman of Argos, commented:

"The Company remains very positive about the potential of Licence PL001. We have sufficient cash reserves to meet our ongoing requirements. Now that the reassignment of the Licence has been completed the Company will work to secure other partners to participate in its development".

For further information:

Argos Resources Limited ([phone])

www.argosresources.com

Ian Thomson, Chairman

John Hogan, Managing Director

Cenkos Securities PLC

Neil McDonald ([phone])

Derrick Lee ([phone])

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February 21, 2019 05:16 ET (10:16 GMT)