Argonaut Gold Inc. (the "Company") (TSX:AR) has received inquiries regarding
recent insider trading reports filed by members of senior management. The
Company has been advised that certain members of management have engaged in
trading their shares for personal tax planning purposes prior to the end of the
calendar year. The Company also understands that no member of senior management
has any present intention to materially change his overall equity interest in
the Company. 


About Argonaut Gold 

Argonaut is a Canadian gold company engaged in exploration, mine development and
production activities. Its primary assets are the production-stage El Castillo
Mine in the State of Durango, Mexico, the La Colorada Mine in the State of
Sonora, Mexico, the advanced exploration stage San Antonio project in Mexico,
the recently acquired advanced exploration stage Magino project in Ontario,
Toronto and several exploration stage projects, all of which are located in
Mexico.


Creating Value Beyond Gold

Cautionary Note Regarding Forward-looking Statements 

This news release contains forward-looking statements that involve risks and
uncertainties that could cause results to differ materially from management's
current expectations. Actual results may differ materially due to a number of
factors. Except as required by law, Argonaut Gold Inc. assumes no obligation to
update the forward-looking information contained in this news release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Argonaut Gold Inc.
Nichole Cowles
Investor Relations Manager
(775) 284-4422 x 101
nichole.cowles@argonautgold.com
www.argonautgold.com

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