TORONTO, ONTARIO–(Marketwired – Feb. 23, 2017) – Argonaut Gold Inc. (TSX:AR) (the “Company”, “Argonaut Gold” or “Argonaut”) is pleased to announce that its wholly-owned subsidiary, Minera Real Del Oro, S.A. de C.V., has entered into an agreement with Desarrollos Mineros El Aguila, S.A. de C.V. (“El Aguila”), a wholly-owned subsidiary of Fresnillo Plc (“Fresnillo”) whereby Argonaut will acquire 420 hectares pursuant to a mineral concession (the “San Juan Concession”) owned by El Aguila covering known projections of El Castillo mineralization (the “Transaction”). In addition, the parties have entered into an agreement whereby portions of other adjacent concessions may be used by Argonaut for leach pads, ponds and overburden sites, subject to the terms of such agreement. All dollar amounts are expressed in United States dollars unless otherwise specified.
