Wednesday, February 15, 2017

Argus Metals Announces Appointment of New Director and Shares for Debt Settlement

Vancouver, British Columbia, February 15, 2017 - Argus Metals Corp. ("Argus", the "Company") (TSX.V: AML) announces the appointment of Mr. William Hughes to the Company's Board of Directors.

William Hughes has provided engineering experience and judgment to underground and surface mines worldwide for thirty years. William is a graduate of the University of Saskatchewan, a professional mechanical engineer and a Principal Engineer at AMC consulting. He has led multi-disciplinary project teams on all phases of project development from preliminary assessments through construction and operations. His expertise includes the management of feasibility studies, detailed design projects, and project construction. William has managed feasibility studies for MMG Resources, optimized capital expenditure at South Deeps for Goldfields in South Africa, provided logistics at Porgera for Placer Dome in Papua New Guinea, managed major construction projects at several Potash Corporation mines, managed a shaft deepening project for Inco in Thompson, and managed construction and maintenance programs for McArthur River Mine for Cameco.

"The management and directors of Argus are pleased to welcome William to the board. William's appointment is the first step in restructuring the board to have a better balance between geology, engineering and finance. We look forward to a busy year as we work to develop value for our shareholders", comments President and CEO Michael Collins.

The Company also announces it has entered into an agreement to settle $100,000 of outstanding debt obligations owed to Michael Collins for money advanced to the company and fees paid on behalf of the company through the issuance of 1,000,000 common shares of the Company (the "Shares") at a deemed price of $0.10 per Share (the "Debt Settlement"). The issuance of the Shares is subject to the approval of the TSX Venture Exchange. In accordance with applicable securities laws, the Shares will be subject to a hold period of four months and one day from the date of completion of the Debt Settlement. The Debt Settlement with Mr. Collins (an officer and a director of the Company) is a "related party transaction" as defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). However, the Debt Settlement will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

ON BEHALF OF THE BOARD OF DIRECTORS

Michael Collins
President and CEO

For further information, please contact:
Argus Metals Corp.
501 - 525 Seymour Street,
Vancouver BC, V6B 3H7
Telephone: (604) 764-7094
Facsimile: (604) 568-7608
Website: www.argusmetalscorp.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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You can also view this News Release on our website at:
http://www.argusmetalscorp.com/s/NewsReleases.asp?ReportID=778744

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	CODE : AML.V

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Argus Metals is a exploration company based in Canada.

Argus Metals holds various exploration projects in Canada.

Its main exploration property is HYLAND in Canada.

Argus Metals is listed in Canada. Its market capitalisation is CA$ 1.3 millions as of today (US$ 956 051, € 891 518).

Its stock quote reached its highest recent level on March 13, 2009 at CA$ 8.99, and its lowest recent point on October 20, 2023 at CA$ 0.01.

Argus Metals has 9 000 000 shares outstanding.

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