Argonaut Exploration Inc. (Argonaut) is engaged in the acquisition and exploration of mineral properties. The Company�s properties include Terrace property and High Gold property. The Terrace property includes 75 mineral claims in southern British Columbia, is an early stage grassroots exploration property 100% owned by the Company. The Terrace Property is approximately 180 kilometers east of Prince Rupert and 20 kilometers northeast of Terrace and can be divided into two main areas: the Bornite Range - Columario area, comprising the southern portion of the Terrace Property, and the Fiddler-Dorreen area, located approximately 15 kilometers northwest of the Bornite Range - Columario area. The Bornite Range - Columario area is consisted of 71 mineral claims totaling 18,684 hectares and the Fiddler - Dorreen area is consisted of four claims totaling 1,603 hectares. The High Gold property is 7,832.4 hectares in area located 64 kilometers northeast of the city of Terrace.