Canadian Warrants

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Address: 9604 Prototype Ct
Reno NV 89521
Phone: 775 284 4422
Fax: 775 284 4426
Website: http://www.argonautgoldinc.com

Warrant Symbol - AR.WT
Number Trading - 25.75 million
Expiration Date - December 29, 2012
Cusip - 04016R 12 6
Exercise Price - $4.50

Warrant Symbol - AR.WT
Number Trading - 25.75 million
Expiration Date - December 29, 2012
Cusip - 04016A 12 7
Exercise Price - $4.50

Warrants called to trade news:



Argonaut Gold to list 25.75 million warrants Jan. 22

2010-01-20 17:52 MT - Warrants Called to Trade
TSX bulletin 2010-0072
A total of 25.75 million common share purchase warrants of Argonaut Gold
Ltd. will be listed and posted for trading at the opening on Friday, Jan.
22, 2010, under the following trading information:

Symbol: AR.WT
Cusip No.: 04016R 12 6
Trading currency: Canadian
Designated market-maker: GMP Securities LP
Markets: None

The warrants were issued in connection with a private placement of
subscription receipts that closed on Nov. 20, 2009. Each subscription
receipt was exchanged for one common share and one-half of one common share
purchase warrant pursuant to the completion of a qualifying transaction,
which occurred on Dec. 29, 2009, and the subsequent listing on the Toronto
Stock Exchange of the common shares of the company on Dec. 31, 2009.

Each warrant entitles the holder to purchase one common share of the
company at $4.50 per share until 5 p.m. (Toronto time) on Dec. 29, 2012.



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