Argonaut Gold Ltd. Provides Notice of Second Quarter Financial Results and El Castillo Progress

TORONTO, ONTARIO -- (Marketwire) -- 08/06/10 -- Argonaut Gold Ltd. (TSX: AR) today announced that its second quarter results will be released before market open on August 16, 2010 followed by a conference call on August 16, 2010 at 9:30 a.m. ET.

Q1 Conference Call Information:

Toll Free (North America):                        877-240-9772
International:                                    416-340-8530
  Passcode:                                       6778610

Webcast:

Q1 Conference Call REPLAY:
-------------------------

Toll Free Replay Call (North America):            800-408-3053
  Passcode:                                       6778610

Replay Call:                                      416-695-5800
  Passcode:                                       6778610

The conference call replay will be available from 12:30 p.m. ET on August 16, 2010 until August 23, 2010.

About Argonaut

Argonaut is a Canadian gold company engaged in exploration, mine development and production activities. Its primary assets being the production-stage El Castillo Project and the exploration-stage La Fortuna Project, both located in the State of Durango, Mexico. Argonaut is a new venture created by former executive management team members of Meridian Gold Inc.

Creating the Next Quality Mid-Tier Gold Producer in the Americas.

Contacts:

Argonaut Gold Ltd.

Nichole Cowles

Investor Relations Manager

(775) 284-4422 x 101
nichole.cowles@argonautgoldinc.com
www.argonautgoldinc.com