Argus Metals Corp. (the "Company" or "Argus") (TSX VENTURE:AML) reports that it
has filed on SEDAR a National Instrument 43-101 Technical Report in support of
the resource estimate on the Main Zone Deposit in the Hyland Gold Project
announced by the Company within a January 19, 2012 news release. The Technical
report is also available on the Company's website at:
http://www.argusmetalscorp.com/s/Hyland.asp 


The Main Zone gold inferred resource, at a 0.6 g/t gold equivalent ("AuEq")
cutoff now stands at 12,503,994 tonnes containing 361,692 ounces gold at 0.9 g/t
and 2,248,948 ounces silver at 5.59 g/t which represents an increase of 209%
over the historic, non NI 43-101 compliant resource. Based on the success of
this previous season's Main Zone drilling campaign and the drilling of a new
discovery area 4 km away, Argus management is planning for a much larger-scale
drill campaign for the 2012 season. 


Argus would like to invite all shareholders and interested parties to visit us
at the PDAC Mining Investment Show on March 6-7, 2012 at the Metro Toronto
Convention Centre - South Building.


Exhibit Hours:

Tue, March 6, 2012 10:00am - 5:30pm
Wed, March 7, 2012 9:00am - 12:00 noon

Where:

Booth#2312
Metro Toronto Convention Centre - South Building

The independent technical report, entitled "Hyland Gold Property in the Yukon
Territory, Canada" (the "Technical Report"), dated March 1, 2012, was prepared
for Argus in compliance with the standards of NI 43-101 by A. Armitage, Ph.D.,
P.Geol., of GeoVector Management Inc. and Paul D. Gray. P.Geo., Director
Business Development of Argus Metals Corp. GeoVector is an Ottawa, Ontario based
consulting firm specializing in resource estimation, project assessment and
project management. A. Armitage acted as the qualified person for the resource,
as defined in NI 43-101, and is independent of the Company


Paul D. Gray, P.Geo., is the Company's Qualified Person with respect to the
Company's Hyland Gold Project and has reviewed and approved this press release. 


ON BEHALF OF THE BOARD OF DIRECTORS

Michael Collins, President and CEO

Certain statements set out in this news release constitute forward-looking
statements. Forward-looking statements (i) are often, but not always, identified
by the use of words such as "expect", "may", "could", "anticipate", or "will",
and similar expressions; (ii) may describe expectations, opinions or guidance
that are not statements of fact and which may be based upon information provided
by third parties, or upon the opinions, expectations and estimates of management
of the Company as at the date the statements are made; (iii) are subject to a
variety of known and unknown risks and uncertainties and other factors that
could cause actual events or outcomes to differ materially from those
anticipated or implied by such forward-looking statements, including, but are
not limited to risks, uncertainties and other factors that are beyond the
control of the Company, risks associated with the industry in general, commodity
prices and exchange rate changes, operational risks associated with exploration,
development and production operations, delays or changes in plans, risks
associated with the uncertainty of reserve estimates, health and safety risks
and the uncertainty of estimates and projections of production, costs and
expenses. In light of the risks and uncertainties associated with
forward-looking statements, readers are cautioned not to place undue reliance
upon forward-looking information. In particular, there is no assurance that (i)
mineralization on the Hyland Gold Project will be as projected; or (ii) that
work will continue to expand the mineralization at the Main Zone Deposit.
Although the Company believes that the expectations reflected in the
forward-looking statements set out in this press release or incorporated herein
by reference are reasonable, it can give no assurance that such expectations
will prove to have been correct. The forward-looking statements of the Company
contained in this press release, or incorporated herein by reference, are
expressly qualified, in their entirety, by this cautionary statement.


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