December 27, 2012 at 11:54 AM EST
Argonaut Gold Provides Reminder to Shareholders: Warrants Expire December 31, 2012 at 5PM EST

TORONTO, ONTARIO--(Marketwire - Dec. 27, 2012) - Argonaut Gold Inc. (TSX:AR) ("Argonaut", "Argonaut Gold" or the "Company") would like to remind our warrant holders that the warrants may be exercised until 5:00 p.m. EST on Monday, December 31, 2012.

The Argonaut Gold warrants (AR.WT) will cease trading on the TSX at the close of trading day on Monday, December 31, 2012. Computershare Trust Company N.A. acts as the transfer agent for Argonaut Gold.

If you have any questions regarding the warrants and how to exercise them, please contact Argonaut Gold's Investor Relations representative, Nichole Cowles at 1-775-240-4172 or by e-mail at info@argonautgold.com.

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 the State of Baja California Sur, Mexico, and several exploration stage projects, all of which are located in Mexico.

Creating Value Beyond Gold

Contact:

Argonaut Gold Inc.

Nichole Cowles

Investor Relations Manager

(775) 284-4422 x 101

nichole.cowles@argonautgoldinc.com

www.argonautgoldinc.com

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