Argus Reports Initial Assays from 2012 Kaituma Project

Argus Metals Corp. (the "Company" or "Argus") (TSX VENTURE:AML) announces that
the Company has received chemical analyses for 3 complete holes and portions of
2 additional holes of the 17 total reverse circulation ("RC") drillholes of the
2012 drill program on the Kaituma Project in north-west Guyana. No significant
uranium mineralization was encountered within these drillholes. 


While assays for an additional 14 drillholes, and portions of the 2 partially
reported holes remain pending, the low levels of mineralization intersected thus
far effectively rule out the potential for defining a large low grade/bulk
tonnage uranium deposit at Kaituma. Additional results may give indications of
more focused uranium mineralization on the project. Additionally, the assays
received to date demonstrate an interesting enrichment in certain rare earth
elements (REEs) including Cerium and Lanthanum combined with pervasively
anomalous Barium and Potassium grades. More detailed analyses of the chemical
analyses will be required to further comment on anomalous elements after all
assay data is received and compiled.


The gold mineralization in the "4 Mile" and "10 Mile" gold camps on the southern
boundary of the project, were not tested in this program and will require a
follow-up exploration program. These placer mines have operated in these two
gold camps since the late 1800's. Additional gold targets exist in the central
and northern portions of the Kaituma West License and remain untested by
drilling.


The Company will now return its focus to the successful Hyland Gold Project in
the Yukon, Canada. The Hyland Gold Project contains a compliant inferred
resource, at a 0.6 g/t gold equivalent ("AuEq") cut-off of 12,503,994 tonnes
containing 361,692 ounces gold at 0.9 g/t and 2,248,948 ounces silver at 5.59
g/t. The Hyland Gold Project also has potential for expansion in and around the
Main Zone as well as to the north and south at the CUZ Zone. 


Argus is focused on developing value at the Hyland Gold Project and will work
towards selling non-core assets. The Company will also be evaluating other
corporate strategies for the benefit of the shareholders. 


The Company commends its staff and field crew for a quick and efficient
execution of the 2012 Kaituma Drill Program. 


QA/QC

All samples were split on site at the Kaituma exploration camp, with A splits
shipped to Acme Analytical Laboratories preparation facility in Georgetown,
Guyana where samples were sorted and crushed to appropriate particle size (pulp)
and representatively split to a smaller size for shipment to Acme's Vancouver
analysis facility for final assay via ACME Group 1EX 46-element ICP-MS analysis
with a Multi-acid (HCl, HF, HNO3, HClO4) digestion. A comprehensive system of
standards and blanks was implemented in the 2012 exploration drilling program
and will be analyzed as chemical assay data become available. Paul D. Gray,
P.Geo. is the Company's Qualified Person with respect to the Kaituma Project and
has reviewed and approved this press release.


About Argus

Argus Metals is a Vancouver-based exploration and development company with a
strong portfolio of natural resource assets focused on gold in the Yukon. The
100% owned Hyland Gold 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 & CEO

We seek safe harbour.

Certain statements set out in this News Release constitute forward-looking
statements. Forward-looking statements are often, but not always, identified by
the use of words such as "expect", "may", "could", "anticipate", or "will", and
similar expressions; (ii) may describe expectations, opinions or guidance that
are not statements of fact and which may be based upon information provided by
third parties, or upon the opinions, expectations and estimates of management of
the Company as at the date the statements are made; (iii) are subject to a
variety of known and unknown risks and uncertainties and other factors that
could cause actual events or outcomes to differ materially from those
anticipated or implied by such forward-looking statements, including, but are
not limited to risks, uncertainties and other factors that are beyond the
control of the Company, risks associated with the industry in general, commodity
prices and exchange rate changes, operational risks associated with exploration,
development and production operations, delays or changes in plans, risks
associated with the uncertainty of reserve estimates, health and safety risks
and the uncertainty of estimates and projections of production, costs and
expenses. In light of the risks and uncertainties associated with
forward-looking statements, readers are cautioned not to place undue reliance
upon forward-looking information. In particular there is no assurance that the
results from the remainder of the Kaituma drill program will be as projected; or
that the Company will be able to expand the resource at the Hyland project.
Although the Company believes that the expectations reflected in the
forward-looking statements set out in this press release or incorporated herein
by reference are reasonable, it can give no assurance that such expectations
will prove to have been correct. The forward-looking statements of the Company
contained in this press release, or incorporated herein by reference, are
expressly qualified, in their entirety, by this cautionary statement.