Argus Metals Corp.: Amendment to News Release

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 7, 2009) - NOT FOR DISSEMINATION IN THE UNITED STATES OR VIA US NEWSWIRE SERVICES Argus Metals Corp. (the "Company")(TSX VENTURE:AML) wishes to amend its news release dated July 22, 2009 in which it disclosed closing details of its non-brokered private placement. The Company issued 408,819 Units at a price of $0.11 per Unit for gross proceeds of C$45,000. Each Unit consisted of one common share ("Share") and one share purchase warrant ("Warrant"), each Warrant entitling the holder to acquire one common share at a price of $0.16 per share for a period of two years from closing (July 21, 2011). ON BEHALF OF THE BOARD OF DIRECTORS Michael Collins, President and CEO FORWARD LOOKING INFORMATION DISCLAIMER Certain of the statements made and information contained herein is "forward-looking information" within the meaning of applicable securities legislation, including statements concerning our plans to raise private placement funds and settle debts. Each of these activities involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Risks include delays in obtaining or failure to obtain required TSXV or shareholder approvals. There is no assurance the Company will be able to raise any equity financing. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.