Argonaut Gold Provides Exploration Update on San Antonio and La Colorada

Argonaut Gold Inc. (TSX:AR) (“Argonaut” or the “Company”) is pleased to report on exploration results at its San Antonio project in Baja California Sur, Mexico and the La Colorada project in Sonora, Mexico.

2012 Exploration Update:

  • La Colorada
    • 35,962 meters for 244 holes completed since the last update in October of 2011
  • San Antonio
    • 20,600 meters for 130 holes completed since the last update in May of 2011
  • El Castillo
    • Minimum 1,000 meter Core Drill Program is estimated to be completed in early May with mineralized sulfide intervals shipped to Kappas, Cassiday & Associates (“KCA”) in Reno for metallurgical testing.

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