Argonaut Exploration Inc. Fulfills Obligations Under Acquisition Agreements for the Historic Cordillera Gold Property

Argonaut Exploration Inc. (TSX VENTURE:AGA) ("Argonaut" or the "Company") has
fulfilled its obligations under two asset purchase agreements (the "Agreements")
dated effective September 30, 2012 with arm's length parties (the "Vendors"), to
acquire 100% interest in certain mineral properties located in the Terrace area
of British Columbia (the "Cordillera Gold Property"). The TSX Venture Exchange
has approved and the Company has issued the 150,000 common shares in the capital
of the Company as required to complete the agreements.


The Cordillera Gold Property consists of 4 adjoining mineral tenures totaling
approximately 187 hectares. Additional information on the Property is summarized
in the Company's news releases dated October 16 and December 4, 2012.


About Argonaut Exploration Inc. 

Argonaut is a junior mineral exploration company focused on the acquisition,
exploration and development of gold, silver and copper bearing mineral
properties. For more information on the Corporation visit its website at
www.argonautexploration.com.


This news release may contain certain forward-looking information. All
statements included herein, other than statements of historical fact, are
forward-looking information and such information involves various risks and
uncertainties. There can be no assurance that such information will prove to be
accurate, and actual results and future events could differ materially from
those anticipated in such information. A description of assumptions used to
develop such forward-looking information and a description of risk factors that
may cause actual results to differ materially from forward-looking information
can be found in the Company's disclosure documents on the SEDAR website at
www.sedar.com. The Company does not undertake to update any forward-looking
information except in accordance with applicable securities laws. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Argonaut Exploration Inc.
Ray Cook
President and C.E.O.
(403) 969-7903
ray@argoexp.com
www.argonautexploration.com

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