Please see w e bsit e f or br eak down of Measur ed and Indica t ed r esour ces MANA GEMENT P e t e Dougherty Pr esiden tCE O Richar d Rhoades C O O Da v e P oncz och CF O T om Burkhart Bob R ose VP of T echnic al Ser vices BO ARD OF DIRECTORS Brian J K ennedy Chairman P e t er C Dougherty James E K ofman P e t er Mor daun t Da vid W a tkins Dale C P eniuk Ph 7752844422 x 101 F a x 7752844426 R eno NV 89521 9600 Pr ot otype Court www ar g onautgoldc om nicholec owlesar g onautgoldc om CONT A CT INF ORMA TION Nichole Cowles Mackie R esear ch RBC Capit al Mark ets Bank of Mon tr eal BMO Canacc or d Genuity CIBC Desjar din ANAL YST CO VERA GE 9302014 Shar e Capit al 02252015 154 Million Basic Shar es 302 Million Mark e t Cap 124665 52 w eek Price Rang e Cash Balance 45 Million Argonaut Gold T SX AR www argonautgoldcom T SX AR Top mining jurisdictions of Canada and Mexico Right Projects Capital Projects of Manageable Size Low risk Open Pit Heap Leach Mines Right Investment Engaged Management Proven Track Record Right People