Argent Minerals Limited announced significant new results of first quarter of 2023 2023 Kempfield RC drilling campaign at its 100% owned Kempfield Polymetallic Deposit in New South Wales. During January 2023, 3 RC holes for 570m were completed aimed at increasing geological confidence in the distribution of the silver-lead-zinc at depth and along strike from previous historical drilling campaigns. A diamond drilling program has commenced to extend drillholes AKRC227 & AKRC228 as these holes finished in mineralisation, and also test other exceptional drill targets in the western and northern portions of the tenement, with the potential to extend the known Kempfield Deposit.

HIGHLIGHTS: Outstanding new high-grade Zn/Ag results received from the Reverse Circulation (RC) Program across Lens 1 and 2, have confirmed the potential to expand the historical Mineral Resource over the Kempfield Deposit. Broad, high-grade zones of silver-lead-zinc mineralisation varying from 50m to 129m from shallow depths in RC drilling. Significant drill assays include: · Drillhole AKRC226: 31m @ 48.68 g/t Ag, 1.04% Pb & 4.06% Zn from 114m; including 3m @ 212 g/t Ag, 3.33% Pb & 13.45% Zn from 133m; 3m @ 1.02% Pb & 4.47% Zn from 154m; · Drillhole AKRC227: 3m @ 88.63 g/t Ag & 2.37% Zn from 32m; 28m @ 30.58 g/t Ag & 0.72% Zn from 109m; 29m @ 63.48 g/t Ag & 0.53% Zn from 173m; including 16m @ 97.81 g/t Ag from 174m; including 8m @ 18.93 g/t Ag & 1.22% Zn from 194m - Hole Ended in Mineralisation.

Drillhole AKRC228: 129m @ 55.44 g/t Ag from 7m; including 15m @ 120.77 g/t Ag from 33m; including 12m @ 94.34 g/t Ag from 71m; including 10m @ 37.24 g/t Ag, 1.01% Pb & 1.12% Zn from 98m; 17m @ 40 g/t Ag & 1.61% Zn from 155m; including 8m @ 44.4 g/t Ag & 2.73% Zn from 164m - Hole Ended in Mineralisation; The drilling has extended known silver, lead and zinc mineralisation in the southern zone of the Kempfield Deposit. The mineralisation has a strike length over 500m, remains open at depth and along strike south within the Kempfield Deposit, and importantly shows increasing zinc grades with depth. These RC holes have delineated new thick high grade zinc lenses on the eastern and western lodes at depth.

The zinc lodes are increasing with grade and consistency at depth with significant silver and lead, as displayed in AKRC226 and AKRC228 sections. Most historical drill holes at Kempfield have been drilled to less than 130 metres depth with many drill holes ended in mineralisation.