Mr. Paul Gray reports

ARGUS METALS ANNOUNCES BOARD APPOINTMENTS AND FUNDRAISING

Argus Metals Corp., further to its news release of April 10, 2013, is providing the following information:

1. The appointments of Robert Maddigan and Michael Mulberry have not been effected, and the company's board of directors remains as Paul D. Gray (chief executive officer, president and secretary), J. Michael W. Collins and Simon Clarke.
2. The company will not be proceeding with its private placement to raise $250,000, but instead will be raising $80,000 at five cents per unit from insiders and others for general working capital purposes. Each unit will comprise one share and one warrant exercisable at 10 cents for three years.
3. Concurrent with this fundraising, the company will be seeking to settle certain existing liabilities through the issuance of shares at five cents per share.
4. Subject to regulatory approval, each of Jason K. McLaughlin and Robert Van Santen have consented to act as directors of the company.
5. Mr. Clarke has tendered his resignation as a director of the company effective at the closing of the financing. The board would like to thank Mr. Clarke for his hard work on behalf of the company and wish him well on his further endeavours.

Robert Van Santen, BCom, CMT, CA

Mr. Van Santen brings over 27 years of investment industry and financing experience, with a record of success in providing financial and intellectual capital to the public markets. He began his career in 1986 as an investment adviser with Burns Fry (now Nesbitt Burns), spent several years with Frank Giustra's Yorkton Securities' natural resources group and was recognized as "broker of the year" while vice-president with the TSX Group's oldest member firm. A noted technical analyst and publisher, Mr. Van Santen holds a bachelor of commerce degree in organizational behaviour from Concordia University, a chartered accountant designation in British Columbia, a chartered market technician designation from the Market Technicians Association in New York, and has certifications that include the Canadian Securities Institute's CSC (honours), CPC (honours), PDO and the OLC.

Jason K. McLaughlin

Mr. McLaughlin has spent more than 12 years working in a diverse range of commodities and geological environments. Mr. McLaughlin graduated with honours in geology from the University of British Columbia in 1999. Since graduation he has worked throughout North America, South America and Asia as an exploration geologist. His experience spans early greenfield projects to resource definition and mine site geology, with a particular focus on running efficient successful drill programs in challenging environments. Mr. McLaughlin's experience includes over five years of working on world-class deposits, including Hunter Dickinson's Pebble deposit in Alaska and Ivanhoe's Bakrychik gold mine in Kazakhstan.

The proposed private placement, the shares-for-debt settlement and the appointment of new directors are subject to the prior approval of the TSX Venture Exchange.