Argonaut Gold Clarifies Cash Cost Disclosure

In a press release issued earlier today, Argonaut Gold Inc. (TSX:AR) (the
"Company") inadvertently carried forward, and published as a third quarter
statistic, the cash cost per ounce of gold at its La Colorada operations from
the second quarter of the current year. The Company notes that the cash cost per
ounce disclosure reflected in the management discussion and analysis was
correctly issued. Corrected information for the third quarter appears below. The
Company regrets any confusion that may have been caused by this error.




                                    3 Months Ended        9 Months Ended    
                                      September 30         September 30     
                                                                            
                                  2013  2012  % Change  2013  2012  % Change
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Prior quarterly cash cost per                                               
 ounce sold                       $391  $578      -32%  $309  $578      -47%
Correct Q3 cash cost per ounce                                              
 sold                             $591  $421      +40%  $397  $480      -17%



Non-IFRS Measures

The Company included the non-IFRS measure "Cash cost per gold ounce sold" in
this press release to supplement its financial statements which are presented in
accordance with International Financial Reporting Standards ("IFRS"). Cash cost
per gold ounce sold is equal to production costs less silver sales divided by
gold ounces sold. The Company believes that this measure provides investors with
an improved ability to evaluate the performance of the Company. Non-IFRS
measures do not have any standardized meaning prescribed under IFRS. Therefore
they may not be comparable to similar measures employed by other companies. The
data is intended to provide additional information and should not be considered
in isolation or as a substitute for measures of performance prepared in
accordance with IFRS. Please see the MD&A for full disclosure on non-IFRS
measures.


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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