Argonaut Gold Meets Production Guidance With 139,059 Gold Equivalent Ounces and Increases Cash Balance to $46 Million

TORONTO, ONTARIO–(Marketwired – Jan. 13, 2016) – Argonaut Gold Inc. (“Argonaut”, “Argonaut Gold” or the “Company”) (TSX:AR) announced today that it had produced 30,399 gold equivalent ounces (“GEO” or “GEOs”; calculated at conversion ratios set out below) during the fourth quarter ended December 31, 2015. This included 16,731 GEOs at its 100% owned El Castillo Mine (“El Castillo”) located in the State of Durango, Mexico and 13,668 GEOs at its 100% owned La Colorada Mine (“La Colorada”) located near Hermosillo, Mexico.

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