Argonaut Gold Inc. ("Argonaut Gold" or the "Company")(TSX:AR), today announced that its annual meeting of shareholders is scheduled to take place on Tuesday, May 8, 2012 at 11:00 am ET at the Fairmont Royal York, located at 100 Front Street West, Toronto, Ontario, Canada. In addition, the Company announced that its first quarter results will be released on May 15, 2012 followed by a conference call on May 15, 2012 at 9:00 am ET.


Q1 Conference Call Information:                                             
                                                                            
Toll Free (North America):                   1-877-240-9772                 
Toronto Local and International:             1-416-340-8530                 
Webcast:                                     http://www.argonautgoldinc.com/
                                                                            
Q1 Conference Call Replay:                                                  
                                                                            
Toll Free Replay Call (North America):       1-800-408-3053                 
Replay Call:                                 1-905-694-9451                 
Passcode:                                    3902016

For further information on the annual meeting or Q1 conference call please contact the Investor Relations Department or visit our website, www.argonautgoldinc.com.

Clarification - Note the press release dated April 17, 2012 erroneously reported total production in the title which was inconsistent with the body of the release. The body of the press release properly reports total Q1 Gold Production of 20,884, consisting of 17,799 gold ounces at El Castillo and 3,085 gold ounces at La Colorada.

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 the State of Baja California Sur, Mexico, and several exploration stage projects, all of which are located in Mexico.

Creating Value Beyond Gold

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

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