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Argonaut Exploration Completes Victor Vein Drill Program and Final Share Payment for Mineral Claims Included in the High Gold Property

Argonaut Exploration Inc. (AGA.V), today made the following announcements.

Victor Vein Drilling

Eight NQ sized drill holes totaling 750 metres were drilled in a westerly directed fanning pattern from two vein parallel drill pads to test the 150 metre long, gold bearing, Victor quartz vein. The program results will be released at a future date.

Final Share Payment

The Company's High Gold property is subject to a 100% purchase agreement dated September 22nd, 2009. Argonaut has currently issued 50,000 common shares to complete the final share installment for a total of 200,000 shares in payment of the negotiated Hidden Valley (High Gold property) mineral claims option agreement. A $50,000 final cash payment remains to be paid by September 22nd, 2013 to complete Argonaut's purchase agreement requirements.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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