Argonaut, Prodigy Shareholders Approve Acquisition

Toronto, Ontario; Vancouver, British Columbia – December 6, 2012 –Argonaut Gold Inc. (“Argonaut”) (TSX: AR) and Prodigy Gold Inc. (“Prodigy”) (TSX.V: PDG) are pleased to announce that their respective shareholders have approved the previously announced plan of arrangement whereby Argonaut will acquire all of the issued and outstanding common shares of Prodigy.

At their respective special shareholders’ meetings held earlier today, 99.93% of the Argonaut shares voted were voted in favour of the ordinary resolution authorizing the issuance of Argonaut common shares in connection with the plan of arrangement and 98.11% of the Prodigy shares voted were voted in favour of the special resolution approving the Arrangement.

Trading of Prodigy shares is expected to be halted, in advance of closing, prior to market open on December 11, 2012. Therefore, the last day to trade Prodigy shares is expected to be Monday, December 10, 2012.

If the required court and stock exchange approvals are obtained and other remaining conditions to closing are satisfied, the Arrangement is anticipated to complete on or about December 11, 2012.