Source: Tingle Merrett LLP

Argonaut Exploration Inc. Will Showcase the Company at the Minerals North Conference, Terrace, B.C.

CALGARY, ALBERTA--(Marketwired - April 16, 2013) - Argonaut Exploration Inc. (the "Company" or "Argonaut") (TSX VENTURE:AGA) announces that the Company will be showcased at the Minerals North Conference in Terrace, British Columbia from April 24 to 26, 2013. The Company will be conducting a tour and core display of its Columario Gold mine, give a forum talk on the Company's Mineral Projects in the region and present a booth display in the exhibitor room. Delegate attendance is anticipated at around 800 to 1000 attendees.

President Ray Cook states: "The 2013 Minerals North Conference hosted by the City of Terrace Economic Development Authority is a special opportunity to showcase the Company in 2013. The list of speakers is a who`s who of mega-scale gold-silver and copper projects from British Columbia, specifically northwestern British Columbia. Billions of dollars are being invested by Corporations and the British Columbia Government to fast-trac the region for production both in mining and energy. Argonaut is well positioned to demonstrate our mineral potential at the Terrace Conference event."

Access to the Conference website: http://mineralsnorth.ca/.

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.

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.

Contact Information:

Argonaut Exploration Inc.
Ray Cook
President and C.E.O.
(403) 969-7903
ray@argoexp.com
www.argonautexploration.com