Mr. Michael Collins reports

ARGUS METALS CORP.: DRILLING COMMENCES ON KAITUMA URANIUM/GOLD PROJECT

Argus Metals Corp., further to its news release dated May 10, 2012, has commenced the 2,500-metre drill program on its 100-per-cent-owned Kaituma uranium and gold project in northwest Guyana.

President Michael Collins stated: "The Kaituma uranium/gold project is one of the few undrilled global uranium exploration targets with the potential size to have a significant impact on uranium markets. With exceptional infrastructure in place, Argus expects this drill program to quickly and efficiently test this outstanding uranium target."

AK Drilling has been contracted to execute a minimum 2,500 metres of reverse circulation drilling in a series of 150-metre-long drill holes over five fences targeting uranium and gold anomalies identified through airborne and ground-based exploration work conducted by StrataGold, BHP Billiton and AREVA SA (previously Cogema SA), and confirmed by the company's own ground-based exploration programs in 2010.

Paul D. Gray, PGeo, is the company's qualified person with respect to the Kaituma project, and has reviewed and approved this press release.

We seek Safe Harbor.