AR Argonaut Gold Inc

Argonaut Gold Inc. (TSX:AR) (the "Company", "Argonaut Gold" or "Argonaut") is
pleased to announce they have signed an agreement pursuant to which the Company
will acquire the San Agustin project, located 10 kilometers from the their El
Castillo project in Durango, Mexico, from Silver Standard Resources (TSX:SSO)
("Silver Standard Inc.").


Under the terms of the agreement, Argonaut Gold will purchase San Agustin for
aggregate consideration of:




--  $15 million cash payable at closing; 
--  $30 million of Argonaut shares issued at closing (based on the 5-day
    volume weighted average sale price for Argonaut shares trading on the
    TSX prior to signing the definitive agreement); 
--  $10 million cash payable six months after signing the definitive
    agreement; and 
--  $20 million cash payable eighteen months after signing the definitive
    agreement. 



Completion of the transaction is subject to customary closing conditions,
including receipt of required regulatory and TSX approvals. Argonaut Gold
expects the transaction to close in the first quarter of 2014. Silver Standard
will also retain a 2% NSR interest on all sulphide hosted mineralization.


The San Agustin project hosts an indicated resource of 1.6 million ounces of
gold and 48 million silver ounces within 121 million tonnes. In addition, the
project carries an inferred resource of 1.06 million gold ounces and 37 million
silver ounces within 91.2 million tonnes. 


San Agustin Mineral Resources



---------------------------------------------------------------------------
Ore Type     Classification      Tonnes (Million)     Au (g/t)     Ag (g/t)
---------------------------------------------------------------------------
Oxide        Indicated                       21.1         0.40         16.0
---------------------------------------------------------------------------
             Inferred                        11.3         0.35         15.4
---------------------------------------------------------------------------
Sulphide     Indicated                       99.9         0.41         11.5
---------------------------------------------------------------------------
             Inferred                        79.9         0.36         12.2
---------------------------------------------------------------------------
Total        Indicated                      121.0         0.41         12.3
---------------------------------------------------------------------------
             Inferred                        91.2         0.36         12.6
---------------------------------------------------------------------------



Peter Dougherty, President and CEO of Argonaut Gold said, "Argonaut is very
pleased to add this project to our portfolio. The San Agustin project is 10
kilometers from our operating El Castillo mine in Durango, Mexico and the
mineralization is hosted on the same geologic setting. We anticipate that
proximity of the two projects will allow for operational synergies and in
addition to sharing resources and infrastructure, operational and geological
knowledge acquired at El Castillo will be utilized in the development of San
Agustin."


"The mineral system has an oxidized cap which hosts approximately 400k ounces of
gold and 16.4 million ounces of silver. Argonaut's near term exploration
objectives include in-fill and step out drilling of the known oxide resource.
Current near surface oxide mineralization remains open in all directions and the
exploration potential is considered excellent. Argonaut will also be conducting
additional metallurgical work on the project."


Argonaut will host a conference call to discuss the purchase of San Agustin on
November 6, 2013 at 5:30 am PST/8:30 am EST




Conference Call Information:                                            
----------------------------------------                                
Toll Free (North America):              1-866-696-5910                  
International:                          1-416-340-2217                  
Passcode:                               8883344                         
Webcast:                                http://www.argonautgold.com/    
                                                                        
Conference Call Replay:                                                 
----------------------------------------                                
Toll Free Replay Call (North America):  1-905-694-9451                  
International Replay Call:              1-800-408-3053                  
Passcode:                               4950688                         



The conference call replay will be available from 10:30 a.m. ET on November 5, -
November 20, 2013. 


About Argonaut Gold

Argonaut Gold is a Canadian gold company engaged in exploration, mine
development and production activities. Its primary assets are the production
stage El Castillo Mine in Durango, Mexico and the La Colorada Mine in Sonora,
Mexico, the advanced exploration stage San Antonio project in Baja California
Sur, Mexico, the advanced exploration stage Magino project in Ontario, Canada
and several exploration stage projects, all of which are located in North
America.


Creating Value Beyond Gold

Qualified Person, Technical Information and Mineral Properties Reports

Preparation of this release was supervised by Thomas Burkhart, Argonaut Gold's
Vice President of Exploration, and a Qualified Person under NI 43-101. 


For further information on the San Agustin project please see the technical
report title "San Agustin Resource Estimate" dated March 2009 and available
under Silver Standard at www.sedar.com. Both Gold ounces and Silver ounces have
been reported by Silver Standard per their mineral resources statement. Per
Silver Standard, Mineral Resources estimate was completed by Gilles Arseneau,
Ph.D., P.Geo., a Qualified Person, pursuant to NI 43-101, in a technical report
completed by Wardrop, a TetraTech company, entitled "San Agustin Resources
Estimate" dated March, 2009. 


This report was reviewed by Thomas Burkhart on behalf of Argonaut Gold. To the
best of Argonaut Gold's knowledge, information and belief, there is no new
material, scientific or technical information that would make the disclosure of
the mineral resources inaccurate or misleading.


Cautionary Note Regarding Forward-looking Statements

This press release contains certain "forward-looking statements" and
"forward-looking information" under applicable Canadian securities laws
concerning the proposed transaction and the business, operations and financial
performance and condition of Argonaut Gold Inc. ("Argonaut"). Forward-looking
statements and forward-looking information include, but are not limited to,
statements with respect to estimated production and mine life of the various
mineral projects of Argonaut; synergies and financial impact of completed and
contemplated acquisitions; the benefits of the development potential of the
properties of Argonaut; the future price of gold, copper, and silver; the
estimation of mineral reserves and resources; the realization of mineral reserve
estimates; the timing and amount of estimated future production; costs of
production; success of exploration activities; and currency exchange rate
fluctuations. Except for statements of historical fact relating to Argonaut,
certain information contained herein constitutes forward-looking statements.
Forward-looking statements are frequently characterized by words such as "plan,"
"expect," "project," "intend," "believe," "anticipate", "estimate" and other
similar words, or statements that certain events or conditions "may" or "will"
occur. Forward-looking statements are based on the opinions and estimates of
management at the date the statements are made, and are based on a number of
assumptions and subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ materially from
those projected in the forward-looking statements. Many of these assumptions are
based on factors and events that are not within the control of Argonaut and
there is no assurance they will prove to be correct.


Factors that could cause actual results to vary materially from results
anticipated by such forward-looking statements include failure to achieve
anticipated synergies, changes in market conditions, variations in ore grade or
recovery rates, risks relating to international operations, fluctuating metal
prices and currency exchange rates, changes in project parameters, the
possibility of project cost overruns or unanticipated costs and expenses, labour
disputes and other risks of the mining industry, failure of plant, equipment or
processes to operate as anticipated. Although Argonaut has attempted to identify
important factors that could cause actual actions, events or results to differ
materially from those described in forward-looking statements, there may be
other factors that cause actions, events or results not to be anticipated,
estimated or intended. There can be no assurance that forward-looking statements
will prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Argonaut undertakes no
obligation to update forward-looking statements if circumstances or management's
estimates or opinions should change except as required by applicable securities
laws. The reader is cautioned not to place undue reliance on forward-looking
statements. Statements concerning mineral reserve and resource estimates may
also be deemed to constitute forward-looking statements to the extent they
involve estimates of the mineralization that will be encountered if the property
is developed. Comparative market information is as of a date prior to the date
of this document. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Argonaut Gold Inc.
Nichole Cowles
Investor Relations Manager
(775) 284-4422 x 101
nichole.cowles@argonautgold.com
www.argonautgold.com

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