AR Argonaut Gold Inc

Argonaut Gold Inc. (TSX: AR) today announced an addition to its Board of Directors. President and CEO Peter C. Dougherty, on behalf of the Board of Directors, is pleased to announce the appointment, subject to regulatory approval, of James E. Kofman as a director of the Company.

Mr. Kofman has over 27 years of experience in the mergers and acquisitions and corporate finance sectors. He most recently served as Managing Director and Head of Mergers and Acquisitions for UBS Securities Canada Inc. from 1996 to 2009. Previously, from 1982 to 1996, Mr. Kofman served as a Partner in Osler, Hoskin & Harcourt, Barristers and Solicitors focused on international corporate finance and mergers and acquisitions. Mr. Kofman has vast experience working in the mining sector in equity and debt financings as well as mergers and acquisitions.

The company is pleased to add Mr. Kofman to its board and welcomes the knowledge and experience he will bring as it grows into the next quality mid- tier gold producer

About Argonaut Gold

Argonaut Gold is a gold mining company with a goal of creating the next quality mid-tier gold company operating in the Americas. Argonaut is a new venture created by the former executive management team of Meridian Gold Corporation.

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 TSX Trading Symbol:                     AR
 Total Shares Outstanding:             56MM
 Fully Diluted:                        83MM
 52-Week Trading Range:     C$3.25 to $3.75
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The TSX does not accept responsibility for the adequacy or accuracy of this news release.

Contacts: Argonaut Gold Inc. Peter C. Dougherty President and Chief Executive Officer 775 284-4422 ext.102 775 284-4426 (FAX) pete.dougherty@sbcglobal.net www.ArgonautGoldInc.com