Argonaut Exploration Inc. Samples Untested Gold from Surface Rock Samples to 65.9 Grams / Tonne at Terrace, B.C. - Seite 3

TABLE 3. 2011 COLUMARIO MINE: SIGNIFICANT ROAD VEIN CHANNEL SAMPLES

Sample Number	Sample Type	Location (West to East)	Vein	Elevation (m)	Width (m)	Gold (g/t)	Silver (g/t)
G0750891	chip/channel	Adit 5, Site 1	4	655	0.7	37.0	103.0
G0750898 + G0750899	chip/channel	Adit 4, Site 1	4	630	1.25	10.6	28.1

The Columario Property and Gold Mine are available for Sale and/or Option.

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.

Analytical results are provided by Loring Laboratories (Alberta) Ltd. of Calgary, Alberta. The rock samples were digested by a four acid leach followed by a 30 element ICP analysis. Gold and Silver were determined separately using a 30 gram sample split treated by fire assay with gravimetric finish.

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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Argonaut Exploration Inc.
Ray Cook
President and C.E.O.
[phone]
[e-mail]
www.argonautexploration.com