Argonaut Gold Inc. to announced that it has signed the binding commitment letter from a syndicate of lenders for the financing of a six year, $200 million term loan credit facility and a three year revolving credit facility of $50 million, for a total debt Facilities limit of $250 million. The proceeds of the Facilities are to be used to refinance the Company's existing debt and for general corporate purposes, including ongoing development and expansion capital of the Magino project in Ontario, Canada and other producing assets. The Company anticipates that the Facilities together with the net proceeds of the Offering, will fully finance the remaining portion of its Magino project.

Endeavour Financial assisted the Company as its financial advisor in connection with the Facilities.