Toronto, Ontario – (July 15, 2013) Argonaut Gold Inc. (“Argonaut Gold” or the “Company”; TSX: AR), announced today that the Company had gold production of 33,586 ounces during the 2nd quarter ended June 30, 2013. This included 28,075 ounces at its 100% owned El Castillo Mine (“El Castillo”) located in Durango, Mexico and 5,511 ounces of gold at its 100% owned La Colorada Mine (“La Colorada”) located in Hermosillo, Mexico. For the first six months of 2013, the company has produced 62,493 ounces of gold. Ramp up of production at La Colorada is continuing, and we expect greater production in the second half of the year.

SECOND QUARTER 2013 HIGHLIGHTS:
El Castillo

• Production of 28,075 gold ounces, representing a 44% improvement over Q2 2012.
• 40,169 gold ounces loaded on the pad, a 14% improvement over Q2 2012.
• Record tons crushed and loaded to the east pad
• West Side Pad 8 loading continues with ongoing construction during 2013.
• Overland conveying construction initiated with completion and operation expected in the third quarter.

La Colorada

• Production of 5,511 gold ounces, a 20% improvement over Q2 2012.
• Production of 45,318 silver ounces, a 76% improvement over Q2 2012.
• 2,796 gold ounces and 48,339 silver ounces loaded on the pad.
• Pre-Stripping continues at the La Colorada pit.
• New crushing system expected to be complete and operational in the third quarter of 2013.

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