Argus Metals Corp.
TSX VENTURE : AML

Argus Metals Corp.

April 06, 2011 13:54 ET

Argus Proposes to Extend Warrants

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 6, 2011) - Argus Metals Corp. (TSX VENTURE:AML) (the "Company") proposes to extend by six months the expiry date of warrants to purchase up to 1,650,000 common shares at an exercise price of $0.30 per share. These warrants were issued in connection with a non-brokered private placement completed in April 2010 and are scheduled to expire on April 7, 2011. If accepted by the TSX Venture Exchange (the "Exchange"), the Company will extend the expiry date of the share purchase warrants to October 7, 2011.

The application to amend the warrants is subject to the Exchange approval, and the Company makes no assurances that the Exchange will accept extension of the warrant term.

Argus Metals Corp. is a British Columbia-based exploration company that is focused on sediment hosted gold in the Yukon and gold and uranium projects in South America.

ON BEHALF OF THE BOARD OF DIRECTORS

Michael Collins, President and CEO

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.

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