Argonaut Gold Announces $30 Million Revolving Credit Facility, Updated Preliminary Economic Assessment and Permitting Advancement at San Agustin

TORONTO, ONTARIO–(Marketwired – April 29, 2016) – Argonaut Gold Inc. (TSX:AR) (“Argonaut”, “Argonaut Gold” or the “Company”) is pleased to announce that it has entered into a $30 million revolving credit facility. Additionally, the Company is pleased to highlight results of an updated Preliminary Economic Assessment (“PEA”) for its 100% owned San Agustin gold project in Durango, Mexico prepared by Kappes, Cassiday & Associates (“KCA”), Resource Modeling Inc. (“RMI”) and Argonaut Gold’s management team. In accordance with National Instrument (“NI”) 43-101, a Technical Report will be filed within 45 days. The Company also announces it has received approval on the San Agustin Environmental Impact Study from the Mexican Environmental Authority (SEMARNAT). All dollar amounts are in United States dollars unless otherwise stated.

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