Argus Metals Corp. Announces Private Placement

Argus Metals Corp.  (TSX VENTURE:AML) - 

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES


Argus Metals Corp. (the "Company" or "Argus") announces its intention to
complete a non-brokered private placement of up to 7,000,000 units of the
Company (the "Units") at a price of $0.05 per Unit for gross proceeds of up to
$350,000. Each Unit will consist of one common share and one common share
purchase warrant ("Warrant"). Each Warrant will entitle the holder to purchase
one common share of the Company for a period of twelve months from the closing
date at a price of $0.10 per common share.


The Company may pay finder's fees of up to 7.0% of subscription amounts placed,
payable in cash or Units, plus issue finder's warrants in an amount up to 7.0%
of Units sold, with each such finder's warrant exercisable into one common share
of the Company at a price of $0.10 for twelve months from closing. 


Closing of the Offering is anticipated to occur on or before June 15, 2012 and
is subject to receipt of applicable regulatory approvals including approval of
the TSX Venture Exchange. Securities issued under the Offering will be subject
to a four month hold period which will expire four months from the date of
closing.


The proceeds from the Offering will be used to continue exploration on the
Company's Kaituma, Guyana uranium/gold exploration project and for general
working capital purposes.


About Argus

Argus Metals is a Vancouver based exploration and development company with a
strong portfolio of assets focused on gold in the Yukon and uranium/gold in
Guyana. The 100% owned Hyland project in the Yukon is a highly prospective gold
project with the potential to substantially increase its existing NI 43-101 Au
Eq resource. 


The Company's directors and officers are a geologically focused team whose
objective is to build shareholder value through exploration and development of
existing projects and through identifying assets with company making potential. 


ON BEHALF OF THE BOARD OF DIRECTORS

Michael Collins, President and CEO

For further information on Argus Metals visit: www.argusmetalscorp.com.

The Units have not been registered under the United States Securities Act of
1933, as amended (US Securities Act), and may not be offered or sold in the
United States absent registration or an applicable exemption from registration
requirements. This news release does not constitute an offer to sell or a
solicitation of an offer to buy such Units in any jurisdiction in which such an
offer or sale would be unlawful.


Certain statements in this press release may be considered forward-looking
information, including those relating to the "expectations", "intentions" or
"plans" of the Company. Specifically, there is no guarantee the private
placement will close on the basis announced, or at all. Such information
involves known and unknown risks, uncertainties and other factors - including
the approvals of regulators, availability of funds, the results of financing and
exploration activities, the interpretation of drilling results and other
geological data, project cost overruns or unanticipated costs and expenses and
other risks identified by the Company in its public securities filings - that
may cause actual events to differ materially from current expectations. Readers
are cautioned not to place undue reliance on these forward-looking statements,
which speak only as of the date of this press release. The Company disclaims any
intention or obligation to update or revise any forward-looking statements,
except to the extent required by law, whether as a result of new information,
future events or otherwise.