Argonaut Exploration Inc. Completes Victor Vein Drill Program and Final Share Payment for Mineral Claims Included in the High...

Argonaut Exploration Inc. (the "Company") (TSX VENTURE:AGA), a company engaged
in the exploration and development of precious and base metals near Terrace
British Columbia, is pleased to announce the completion of the 2012 Victor vein
drill program.


Victor Vein Drilling 

Eight NQ sized drill holes totaling 750 metres were drilled in a westerly
directed fanning pattern from two vein parallel drill pads to test the 150 metre
long, gold bearing, Victor quartz vein. The holes varied in dip from -45 degrees
to -90 degrees with quartz veining encountered in all eight holes. Core and rock
samples are being prepared for assay. The program results will be released at a
future date.


Final Share Payment 

The Company's High Gold property is subject to a 100% purchase agreement dated
September 22nd, 2009. Argonaut has currently issued 50,000 common shares to
complete the final share installment for a total of 200,000 shares in payment of
the negotiated Hidden Valley (High Gold property) mineral claims option
agreement. A $50,000 final cash payment remains to be paid by September 22nd,
2013 to complete Argonaut's purchase agreement requirements.


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, are
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 Company's disclosure documents on the SEDAR website at
www.sedar.com. The Company does not undertake to update any forward-looking
information except in accordance with applicable securities laws.