Argonaut Exploration Inc. Samples Untested Gold from Surface Rock Samples to 65.9 Grams / Tonne at Terrace, B.C. - Seite 2

Sample R1 (Elevation 615 m) Description	Sample Weight (kg)	Sample •Mesh Size	% By Weight	Gold (g/t)	Silver (g/t)
Total	17.46	All	100	*partly analyzed	*partly analyzed
Dry Sieved	14.51	* > 4	83.1	*not analyzed	*not analyzed
Dry Sieved	1.22	4 to 12	7.0	1.22	4.5
Dry Sieved	1.73	< 12	9.9	8.73	20.2
Tabled washed Concentrate	1.33	< 12	82.3	7.53	23
Tabled washed Middling	0.17	< 12	10.7	9.00	not analyzed
Tabled washed Tails	0.11	< 12	7.0	22.40	not analyzed

• Mesh size indicates the number of equal sized square holes in a square inch. A standard sieve scale.

* Unknown visible amounts of > 4 mesh to gravel sized gold and silver bearing vein fragments are present in the upper switchback mine road fill as indicated by Table 1 sample Ad 07-14.

Argonaut's prior Columario mine area sample program was conducted in 2011 with some of the results summarized below in Table 3. The prior results were news released on October 24^th, 2011 and are posted on the Company's website and SEDAR. The Columario mine is located on veins 4, 5 and 6 (Dakota vein) with the Valhalla vein, vein 7, Tenderfoot, Victor and several other veins peripheral to the mine workings.