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File: News Release - 20160825PP  Argus 1st closing R0.pdf

                                                          NEWS RELEASE

                   Argus Metals Closes 1st tranche of Private Placement
Vancouver, B.C., August 26, 2016   Further to its news release dated June 2, 2016, Argus
Metals Corp. (the "Company" or "Argus") (TSX.V: AML) has received TSX Venture Exchange
approval to close the first tranche of its private placement. The first tranche comprises 268,500
units ("Units") at a price of $0.10 per Unit and 34,000 flow-through shares ("FT Shares") at a
price of $0.15 per FT Share for gross proceeds of $31,950. A second tranche of 312,000 Units
and 299,000 FT Shares is still subject to TSX Venture Exchange approval of documentation. In
aggregate, the Company has raised gross proceeds of $108,000

Each Unit consists of one common share and one-half of one common share purchase warrant
("Warrant"). Each whole Warrant entitles the holder to purchase one common share of the
Company for a period of 24 months from the closing date at a price of $0.15 per share.

No finder's fees were paid in connection with the private placement closing.

The securities issued in relation to this private placement are subject to regulatory four-month
hold period expiring December 18, 2016, and December 24, 2016.

"Argus has focused on conserving cash and share capital for the past three years. It is clear
that the public market is once again rewarding exploration and development success and so
Argus is excited to close this financing and move aggressively to develop Ike and potentially
other projects," says President and CEO Michel Collins, "With only 8.8 million shares issued
and outstanding pending the 2nd tranche close, Argus is well placed to take advantage of a
focused board and management and a receptive market.

Proceeds from the private placement will be used to continue exploration on the Company's Ike
Exploration Project and for general working capital purposes and project generation.

ON BEHALF OF THE BOARD OF DIRECTORS

Michael Collins
President and CEO

For further information, please contact:
Argus Metals Corp.
501 - 525 Seymour Street,
Vancouver BC, V6B 3H7
Telephone: (604) 764-7094
Facsimile: (604) 568-7608
Website: www.argusmetalscorp.com




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TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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