Argonaut Gold Provides Update on San Antonio Permitting

San-Antonio-update-FINAL

TORONTO, Nov. 29, 2019 /CNW/ – (November 29, 2019) Argonaut Gold Inc. (TSX: AR) (the “Company”, “Argonaut Gold” or “Argonaut”) announces that the Mexican Environmental Authority (“SEMARNAT”) issued a ruling to not approve the updated Environmental Impact Assessment (Manifiesto de Impacto Ambiental or “MIA”) for the San Antonio project in Baja California Sur, Mexico. The primary reason SEMARNAT cites for not approving the MIA is non-compatible zoning based on a revised, 2018 zoning plan filed by the municipality of La Paz. It is the Company’s view that the zoning was resolved through the favourable July 2016 supreme court ruling (see press release dated July 28, 2016).

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