The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement for Argonaut Exploration Inc. announced Aug. 8, 2012, and closed Sept. 11, 2012:

Number of securities:  5,837,500 common share units; each unit consists of one common share and one warrant

Purchase price:  five cents per unit

Warrants:  5,837,500 share purchase warrants to purchase 5,837,500 flow-through common share purchase shares

Warrant exercise price:  10 cents until Dec. 31, 2012

Placees:  31

Insiders:  Ray Cook 700,000; Guillermo Salazar 100,000; Oleh Wowkodaw 300,000; Dale Vitone 50,000

Finder's fee:  $12,000 payable to Kim Measor