AGA

Argonaut Exploration Inc. (the "Company" or "Argonaut") (TSX VENTURE:AGA)
announces that it has changed its auditor from Grant Thornton LLP, Chartered
Accountants (the "Former Auditor") to Kenway Mack Slusarchuk Stewart LLP,
Chartered Accountants (the "Successor Auditor"). 


On March 25, 2013 at the request of the Company, the Former Auditor resigned as
auditor of the Company and the board of directors of the Company appointed the
Successor Auditor as the Company's auditor effective March 26, 2013 until the
close of the next Annual General Meeting of the Company.


There were no reservations in the Former Auditor's reports for the two most
recently-completed fiscal years or for any period subsequent to the most
recently-completed period for which an audit report was issued and preceding the
date of the Former Auditor's resignation. There were no reportable events
between the Company and the Former Auditor.


The Company's audit committee and board of directors have approved the
resignation of the Former Auditor. Pursuant to National Instrument 51-102
Continuous Disclosure Obligations, the Notice of Change of Auditor, together
with the letter from the Former Auditor and the letter from the Successor
Auditor have been reviewed by the Company's audit committee and board of
directors and has been filed on SEDAR accordingly.


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

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