January 02, 2013 at 13:05 PM EST
Argonaut Gold Provides Update Regarding Exercised Warrants Which Expired on December 31, 2012

TORONTO, ONTARIO -- (Marketwire) -- 01/02/13 -- 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

Contacts:
Argonaut Gold Inc.
Nichole Cowles
Investor Relations Manager
(775) 284-4422 x 101
nichole.cowles@argonautgoldinc.com
www.argonautgoldinc.com

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