======================================================================= News Release - April 15, 2013 Argonaut Gold Announces Q1 Gold Production of 28,907 Ounces ======================================================================= Veta Madre Deposit Adds 110,000 Inferred Gold Ounces at La Colorada, with potential for additional growth Toronto, Ontario � (April 15, 2013) Argonaut Gold Inc.

(�Argonaut Gold� or the �Company�; TSX: AR), announced today that the Company had gold production of 28,907 ounces during the 1st quarter ended March 31, 2013.

This included 23,125 ounces at its 100% owned El Castillo Mine (�El Castillo�) located in Durango, Mexico and 5,782 ounces of gold at its 100% owned La Colorada Mine (�La Colorada�) located in Hermosillo, Mexico.

Argonaut Gold is continuing its ramp up of production at both operations and we expect production increases as the year progresses.

The Company is also pleased to announce an updated resource for the Veta Madre deposit at La Colorada with good expansion potential within the surrounding geologic environment. FIRST QUARTER 2013 HIGHLIGHTS: El Castillo - Production of 23,125 gold ounces, representing a 30% improvement over Q1 2012. - 36,023 gold ounces loaded on the pad, a 2% improvement over Q1 2012. - West Side Pad 8 construction continues to make good progress and we have now begun loading and leaching. - Argonaut now operating all mining at El Castillo, having assumed contractor activities in March. La Colorada - Production of 5,782 gold ounces, an 87% improvement over Q1 2012. - Production of 44,879 silver ounces, a 161% improvement over Q1 2012. - 3,763 gold ounces and 70,694 silver ounces loaded on the pad. To read the complete news release, please see the following links: http://www.argonautgold.com/news_events/index.php?&content_id=130 ======================================================================= Click or copy and paste the link below to unsubscribe from this list http://dissemination.blendermedia.com:81/u?id=3168290.662a4ac084340720520365afbd3c4159&n=T&l=argonautgold_com =======================================================================