Argo Doubles Transit Ridership in Bradford West Gwillimbury, Replacing All Fixed Bus Routes

Smart Routing™ system demonstrates significant ridership growth with a lower cost per ride and
enhanced on-demand service levels, fully replacing all town-operated fixed bus routes

TORONTO, June 23, 2025 /CNW/ - Argo Corporation (TSXV: ARGH) (OTCQX: ARGHF) ("Argo" or the "Company"), a leader in next-generation transit solutions, today announced that following the April launch of its Smart Routing™ transit system in the Town of Bradford West Gwillimbury ("BWG"), average daily transit ridership has more than doubled. As a result of this success, the Town of BWG has fully decommissioned its legacy fixed-route bus system previously operated by a private contractor.

Argo's Smart Routing™ platform enables residents to request rides near their door for a standard transit fare, providing enhanced on-demand service levels compared to traditional fixed bus routes. Following faster-than-expected adoption by riders at a lower cost per ride to the Town of BWG than the legacy system, the town successfully shut down all BWG-operated fixed bus routes and replaced them with Argo's Smart Routing™ system. The Company expects to continue to demonstrate growth in ridership in the coming months in partnership with the Town of BWG.

The increase in ridership highlights Argo's potential to modernize public transit while enhancing access and equity for riders. The platform is providing safe, reliable, and inclusive service to a diverse range of residents including commuters, families with young children, seniors, individuals with mobility devices, students, and small businesses using the service for employee transport and deliveries.

Argo's Smart Routing™ platform is designed for flexible deployment across a range of municipal environments and integrates with existing transit lines and fare systems. In BWG, the town had outsourced operations of a legacy fixed-route bus system to a private contractor, which Argo has now replaced. In contrast, in the City of Brampton, where Argo will be launching later this summer, the platform will complement a robust existing transit network in a dense urban setting, with real-time integration into existing Brampton Transit and GO lines.

"In partnership with BWG Council, we're proud to be showcasing how our Smart Routing™ transit system can help develop more connected, accessible, and vibrant communities," said Praveen Arichandran, CEO and co-founder of Argo. "With our upcoming partnership with the City of Brampton, we plan to demonstrate how the platform scales in a major city to expand access and strengthen existing transit infrastructure."

About Argo
Founded in June 2024, Argo delivers the world's first fully vertically integrated transit system, combining proprietary Argo X1 electric vehicles, Smart Routing™ technology, and comprehensive operational management in a single end-to-end solution. By integrating every aspect of the transit experience, Argo enables municipalities to transition from traditional fixed-route services to dynamically optimized on-demand service with substantially better efficiency, coverage, and rider satisfaction, all while maintaining standard public transit pricing. The company launched Argo School in September 2024 and began its first municipal deployment in Bradford West Gwillimbury in early 2025. Learn more at www.rideargo.com.

Praveen Arichandran, CEO
Argo Corporation
[phone]

Forward-Looking Information
This news release includes certain forward-looking statements as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, as described in more detail in the Company's securities filings available at www.sedarplus.ca. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE ARGO CORPORATION

Media Contact: Christina Ra, Argo Corporation, [email protected], [phone]