Argonaut Gold Ltd.
TSX : AR

Argonaut Gold Ltd.

January 26, 2010 15:39 ET

Argonaut Gold's 25.75 Million Warrants Listed on the Toronto Stock Exchange as of January 22, 2010

TORONTO, ONTARIO--(Marketwire - Jan. 26, 2010) -

THIS PRESS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Argonaut Gold Ltd. (TSX:AR), is pleased to announce that as of January 22, 2010 its Warrants were listed and have commenced trading on the Toronto Stock Exchange ("TSX") on January 22, 2010 under the symbol (TSX:AR.WT).

The warrants were issued in connection with a private placement of subscription receipts that closed on November 20, 2009. Each subscription receipt was exchanged for one common share and one-half of one common share purchase warrant pursuant to the completion of a qualifying transaction, which occurred on December 29, 2009, and the subsequent listing on the TSX of the common shares of the company on December 31, 2009.

Cautionary Note Regarding Forward-looking Statements

This news release contains forward-looking statements (including, without limitation, information regarding the Qualifying Transaction and the business opportunities of the resulting issuer after giving effect to the Qualifying Transaction) that involve risks and uncertainties that could cause results to differ materially from management's current expectations. Actual results may differ materially due to a number of factors including, among others: any significant disruptions affecting operations at the Castle Gold Projects, whether due to labour disruptions, supply disruptions, damage to equipment or otherwise; the exchange rate between the Canadian dollar, the Mexican peso and the U.S. dollar may not remain consistent with current levels; certain price assumptions for gold; the prices for energy and other key supplies may not remain consistent with current levels; production forecasts may fail to meet expectations; the current mineral reserve and resource estimates of the Castle Gold Projects could be inaccurate. The matters discussed in this news release also involve risks and uncertainties described in Argonaut Gold Ltd.'s (formerly Intuitivo Capital Corporation) continuous disclosure documents filed from time to time with the Canadian securities regulatory authorities. Except as required by law, Argonaut Gold Ltd. assumes no obligation to update the forward-looking information contained in this new release.

About the Company:

Argonaut Gold Castle is a Canadian gold company engaged in exploration, mine development and production activities on gold-bearing properties in Mexico and Guatemala with its primary assets being the production-stage El Castillo Project and the exploration-stage La Fortuna Project, both located in the State of Durango, Mexico. Argonaut Gold Inc. is a new venture created by former executive management principals of Meridian Gold Corporation. Argonaut Gold aims to create the next quality mid-tier gold producer in the Americas.

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