Argonaut Gold and Prodigy Gold Receive Final Court Approval of Plan of Arrangement

Argonaut Gold Inc. ("Argonaut") (TSX:AR) and Prodigy Gold Inc. ("Prodigy") (TSX
VENTURE:PDG) are pleased to announce that the Supreme Court of British Columbia
has today granted the final order approving the previously announced plan of
arrangement whereby Argonaut will acquire all of the issued and outstanding
common shares of Prodigy. 


Accordingly, as previously announced, trading of Prodigy shares will be halted
before market opens on December 11, 2012, and will not resume if the transaction
is completed. If the required stock exchange approvals are obtained and other
remaining conditions to closing are satisfied, the plan of arrangement is
anticipated to be completed on or about December 11, 2012.


Forward-Looking Statements

This press release contains certain "forward-looking statements" and
"forward-looking information" under applicable Canadian securities laws
concerning the proposed plan of arrangement (the "Arrangement") between Argonaut
and Prodigy. 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. Assumptions upon which such
forward-looking statements are based include that all required third party,
regulatory and governmental approvals to the Arrangement will be obtained and
all other conditions to completion of the Arrangement will be satisfied or
waived. Many of these assumptions are based on factors and events that are not
within the control of Argonaut or Prodigy 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 inability of Argonaut
and Prodigy to obtain all required third party, regulatory and governmental
approvals to the Arrangement or to satisfy all other conditions to completion of
the Arrangement. Although Argonaut and Prodigy have each 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 and Prodigy
undertake 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Investor Relations Contact: Argonaut
Nichole Cowles
Investor Relations Manager
[phone] x 101
[e-mail]
www.argonautgold.com


Investor Relations Contact: Prodigy
Brian J. Maher
President and Chief Executive Officer
[phone]
[e-mail]
www.prodigygold.com