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Argonaut Gold Announces Resumption
of Full Operations at All Mines

Argonaut Gold Inc. (TSX: AR) announced that mining, crushing and stacking activities have resumed at the El Castillo mine and San Agustin mine, which together form the El Castillo Complex located in Durango, Mexico, and the La Colorada mine located in Sonora, Mexico. Given that Argonaut operates heap leach mines, the Company has maintained metal production and sales throughout the temporary suspension of mining, crushing and stacking activities.

Pete Dougherty, President & CEO stated: "We will continue to implement strict protocols for all employees in an effort to protect both our workforce and the communities near our mines. Recognizing that mining operations are deemed an essential business in Mexico, we have restarted full operations at all of our mines."

About Argonaut Gold Inc.

Argonaut Gold is a Canadian gold company engaged in exploration, mine development and production. Its primary assets are the El Castillo mine and San Agustin mine, which together form the El Castillo Complex in Durango, Mexico and the La Colorada mine in Sonora, Mexico.

Advanced exploration projects include the Cerro del Gallo project in Guanajuato, Mexico and the Magino project in Ontario, Canada. The Company continues to hold the San Antonio advanced exploration project in Baja California Sur, Mexico and several other exploration stage projects, all of which are located in North America.

For further information on Argonaut Gold, contact: Dan Symons, Vice President, Investor Relations at (416) 915-3107. Email: dan.symons@argonautgold.com or visit www.argonautgold.com

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