Argonaut Gold Inc. (TSX:AR) ("Argonaut", "Argonaut Gold" or the "Company") is
pleased to provide an update in regards to the Company's warrants which expired
on December 31, 2012. In total, 25,744,277 warrants for the Company were
exercised and the Company received total proceeds of approximately $115 million
dollars. 


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 and Canada. 


Creating Value Beyond Gold

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