AR Argonaut Gold Inc

Argonaut Gold Ltd. (TSX: AR) ("Argonaut" or the "Corporation") is pleased to announce that Thomas Burkhart has been appointed as the Vice President of Exploration, effective immediately.

Prior to joining Argonaut Gold Inc., Mr. Burkhart served as Vice President of New Dimensions (Northair Group) and Vice President of Pegasus Gold Inc. Mr. Burkhart graduated with a B.Sc. in Geology in 1979 from the University of Nevada. He has nearly 30 years experience in exploration and project management in Mexico, South and Central America, Canada, Alaska, Australia and the Western U.S.

Mr. Burkhart has overseen worldwide exploration programs. His extensive work history in designing and managing exploration programs, as well as his strengths in generative reconnaissance work and property evaluation makes him a valuable addition to the Argonaut Gold team.

"I would like to congratulate Tom on his appointment as Vice President of Exploration on behalf of the board and the management of Argonaut Gold Ltd.," stated Pete Dougherty, President and CEO of Argonaut. "Tom's previous involvement throughout various stages of mining projects from property evaluation to exploration will prove significant at El Castillo, La Fortuna and other projects being evaluated for acquisition."

About Argonaut

Argonaut is a Canadian gold company engaged in exploration, mine development and production activities on gold-bearing properties. Its primary assets being the production-stage El Castillo Project and the exploration-stage La Fortuna Project, both located in the State of Durango, Mexico. Argonaut is a new venture created by former executive management team members of Meridian Gold Inc aiming to create the next quality mid-tier gold producer in the Americas.

Argonaut Gold Castle is a Canadian gold company engaged in exploration, mine development and production activities on gold-bearing properties in Mexico and Guatemala with its primary assets being the production-stage El Castillo Project and the exploration-stage La Fortuna Project, both located in the State of Durango, Mexico. Argonaut Gold Inc. is a new venture created by former executive management principals of Meridian Gold Corporation. Argonaut Gold aims to create the next quality mid-tier gold producer in the Americas.

Contacts: Argonaut Gold Inc. Nichole Cowles Investor Relations Manager (775) 284-4422 x 101 (775) 284-4426 (FAX) nichole.cowles@argonautgoldinc.com www.argonautgoldinc.com