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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Andrew~ who wrote (20229)	7/28/2016 7:39:55 PM
From: Andrew~	Read Replies (1) \| Respond to of 202704

AR-T Argonaut Gold Receives Favourable Ruling In Federal Lawsuit Relating to San Antonio Permit TORONTO, ONTARIO--(Marketwired - July 28, 2016) - Argonaut Gold Inc. (TSX:AR) (the "Company", "Argonaut Gold" or "Argonaut") announces that the federal court of appeals has issued a favourable ruling regarding its Federal lawsuit arising from the denial of the Environmental Impact Assessment (Manifiesto de Impacto or MIA) for its San Antonio project in Baja California Sur, Mexico. On August 2, 2012, the Company was denied its Environmental Impact Assessment for its San Antonio project due in part to a local zoning issue. The Company filed a Federal lawsuit stating that the local zoning plan was not validly constituted and therefore should not have been an obstacle to the permitting of the project. The Company has received a copy of the federal appeals court ruling in its finding that the current Urban Development Plan for the Municipality of La Paz ("zoning plan") was not properly established and therefore should not have been used as a criteria in the review of the MIA for the San Antonio project. Furthermore, the ruling instructed the Mexican Environmental Authority (SEMARNAT) to annul the denial of the MIA and issue a new decision without taking into consideration the zoning plan within three business days of notification of the ruling. The Company continues to review the full text of this ruling with its advisors and consider the next steps that will be undertaken by both the Company and SEMARNAT. The Company cautions that there is no assurance that permits will be issued imminently and that permitting continues to be subject to regulatory processes of uncertain duration. Pete Dougherty, President & CEO stated: "We are pleased with the outcome of the ruling, which confirms our belief that the local zoning plan should not have impeded the permitting of the San Antonio project. This ruling does not mean that our permits are granted but does provide the basis of understanding for all involved in the permitting process. We will continue to engage and work closely with all stakeholders to advance the San Antonio project. We believe that San Antonio provides an opportunity for a model mine with the use of clean technologies that also provides near and long-term benefits to the region." About Argonaut Gold Argonaut Gold is a Canadian gold company engaged in exploration, mine development and production activities. Its primary assets are the production stage El Castillo mine in Durango, Mexico, and La Colorada mine in Sonora, Mexico. Advanced exploration stage projects include the San Antonio project in Baja California Sur, Mexico, the Magino project in Ontario, Canada and the San Agustin project in Durango, Mexico. The Company also has several exploration stage projects, all of which are located in North America.