Argonaut Announces Incentive Stock Options

Argonaut Exploration Inc. (TSX VENTURE:AGA) (the "Company" or "Argonaut")
announces that, in accordance with the Company's stock option plan, it has
granted to its directors, employees and consultants incentive stock options to
purchase up to an aggregate of 990,000 common shares exercisable on or before
July 15, 2015 at a price of $0.10 per common share.


About Argonaut Exploration Inc.

Argonaut is a junior mineral exploration company focused on the acquisition,
exploration and development of gold, silver and copper bearing mineral
properties. For more information on the Corporation visit its website at
www.argonautexploration.com.  


This news release may contain certain forward-looking information. All
statements included herein, other than statements of historical fact, is
forward-looking information and such information involves various risks and
uncertainties. There can be no assurance that such information will prove to be
accurate, and actual results and future events could differ materially from
those anticipated in such information. A description of assumptions used to
develop such forward-looking information and a description of risk factors that
may cause actual results to differ materially from forward-looking information
can be found in the Corporation's disclosure documents on the SEDAR website at
www.sedar.com. The Corporation does not undertake to update any forward-looking
information except in accordance with applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Argonaut Exploration Inc.
Ray Cook
President and C.E.O.
[phone]
[e-mail]
www.argonautexploration.com