Argonaut Exploration Inc. Announces Change of Auditors

CALGARY, 04/11/13 - Argonaut Exploration Inc. (the "Company" or "Argonaut") (TSX VENTURE: AGA) announces that it has changed its auditor from Grant Thornton LLP, Chartered Accountants (the "Former Auditor") to Kenway Mack Slusarchuk Stewart LLP, Chartered Accountants (the "Successor Auditor").

On March 25, 2013 at the request of the Company, the Former Auditor resigned as auditor of the Company and the board of directors of the Company appointed the Successor Auditor as the Company's auditor effective March 26, 2013 until the close of the next Annual General Meeting of the Company.

There were no reservations in the Former Auditor's reports for the two most recently-completed fiscal years or for any period subsequent to the most recently-completed period for which an audit report was issued and preceding the date of the Former Auditor's resignation. There were no reportable events between the Company and the Former Auditor.

The Company's audit committee and board of directors have approved the resignation of the Former Auditor. Pursuant to National Instrument 51-102 Continuous Disclosure Obligations, the Notice of Change of Auditor, together with the letter from the Former Auditor and the letter from the Successor Auditor have been reviewed by the Company's audit committee and board of directors and has been filed on SEDAR accordingly.


About Argonaut Exploration Inc.

Argonaut is a junior mineral exploration company focused on the acquisition, exploration and development of gold, silver and copper bearing mineral properties. For more information on the Corporation visit its website at www.argonautexploration.com.


This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the Company's disclosure documents on the SEDAR website at www.sedar.com. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Contacts:

Argonaut Exploration Inc.
Ray Cook, President and C.E.O.
(403) 969-7903
ray@argoexp.com
www.argonautexploration.com