CALGARY, ALBERTA--(Marketwired - May 16, 2013) - Argonaut Exploration Inc. ("Argonaut" or the "Company") (TSX VENTURE:AGA) announces that its annual and special meeting of shareholders was held on May 10, 2013 and that all resolutions presented for consideration were approved by the shareholders, including the re-election of the following individuals as directors of the Corporation: Ray Cook, Guillermo Salazar, Dale Vitone and Oleh Wowkodaw, the appointment of Kenway Mack Slusarchuk Stewart LLP, Chartered Accountants, as the auditors of the Company and re-approval of the stock option plan of the Company.

About Argonaut Exploration Inc.

Argonaut is a junior mineral exploration company focused on the acquisition, exploration and development of mineral properties. Argonaut owns 100% interest in 20,286 hectares of mineral tenures in the Terrace district and 7,832 hectares in the Terrace/Smithers district, British Columbia. The tenures contain five historic gold-silver mines and include: the adjoining Columario and Bornite Range properties (18,683 hectares), the Skeena Gold property, the Fiddler-Dorreen property (1,602 hectares) located 15 km to the northwest and the High Gold copper-molybdenum porphyry property (7,832 hectares) located 48 km northeast. Gold, silver and copper vein systems are well documented on all of these properties.

For more information on the Company visit our website at

This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, is 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 Argonaut's disclosure documents on the SEDAR website at Argonaut does not undertake to update any forward-looking information except in accordance with applicable securities laws.

Neither the 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
(403) 969-7903