Argus Metals Corp.
TSX VENTURE : AML

Argus Metals Corp.

May 13, 2009 19:06 ET

Argus Metals Corp.: Private Placement Warrant Amendment

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 13, 2009) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR VIA US NEWSWIRE SERVICES

Argus Metals Corp. (formerly BlueRock Resources Ltd.) (the "Company") (TSX VENTURE:AML) announces that, due to the current state of the financial markets, it has made application to the TSX Venture Exchange to amend the terms of 2,900,000 outstanding share purchase warrants issued on May 22, 2008 (the "Warrants") by extending the expiry date by which the Warrants must be exercised from May 22, 2009 to May 22, 2010 and by reducing the exercise price of the Warrants from $0.85 to $0.30 per share.

ON BEHALF OF THE BOARD OF DIRECTORS

Michael Collins, President and CEO

FORWARD LOOKING INFORMATION DISCLAIMER

Certain of the statements made and information contained herein is "forward-looking information" within the meaning of applicable securities legislation, including statements concerning our plans to raise private placement funds and settle debts. Each of these activities involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Risks include delays in obtaining or failure to obtain required TSXV or shareholder approvals. There is no assurance the Company will be able to raise any equity financing. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

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 news release.

Contact Information