AGA

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 that it has closed its previously
announced non-brokered private placement. The placement returned gross proceeds
of $68,995 and the Company has issued an aggregate of 1,379,900 Units. Each Unit
consists of one common share ("Common Share") and one flow-through common share
purchase warrant ("Warrant") of the Corporation. Each Warrant will entitle the
holder to acquire one Common Share to be issued on a "flow-through" tax basis at
a price of $0.10 until December 31, 2012. 


The securities issued pursuant to the Offering are subject to a four (4) month
hold period. Completion of the Offering is subject to the final approval of the
TSX Venture Exchange.


Proceeds of the financing will be used to advance the business of the Company.

Finders acting in connection with this private placement received a finder's fee
in the total amount of $ 6,899.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Argonaut Exploration Inc.
Ray Cook
President and C.E.O.
(403) 969-7903
ray@argoexp.com
www.argonautexploration.com

(TSXV:AGA)
Historical Stock Chart
From Jun 2024 to Jul 2024

(TSXV:AGA)
Historical Stock Chart
From Jul 2023 to Jul 2024