ARGENT MINERALS LIMITED — Capital/Financing Update 2011

Apr 7, 2011

Argent Minerals Limited

ABN 89 124 780 276

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ASX ANNOUNCEMENT

8 April 2011

ARGENT MINERALS BUYS KEMPFIELD FREEHOLD

Argent Minerals Limited (“Argent” or “Company”) announced today that it has purchased the Kempfield surface rights covering some 115 hectares of land within which the Company’s main silver project tenements are located, see image below.

Ownership of the property, which contains over 90% of the Kempfield silver resources, will greatly facilitate the approvals process for Argent’s Kempfield silver project which is now the subject of a Definitive Feasibility Study scheduled to be completed by the end of the year.

The property is located some 80kms south east of the city of Orange and is approximately 29kms south of the town of Blayney, in the central-west of NSW. It contains a number of dwellings and farm sheds that Argent uses to accommodate field staff and to provide core cutting and storage facilities.

Road access is via a 10km unsealed public road servicing a small number of rural holdings and an area of NSW State Pine Forest. This road joins the main road linking Orange and Goulburn.

The Orange - Bathurst region provides a large range of mining and exploration services and has a long history of mining with the most recent being Newcrest’s Cadia Ridgeway gold/copper operation.

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Level 1, 115 Cambridge Street, Postal Address PO Box 1305, West Leederville WA 6901 Ph +61 8 9322 6600 Fx + 61 8 9322 6610

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Argent Minerals Limited

ABN 89 124 780 276

For more information:

www.argentminerals.com.au

Kerry McHugh Executive Chairman Argent Minerals Limited Ph: 0404 465 154

Level 1, 115 Cambridge Street, Postal Address PO Box 1305, West Leederville WA 6901 Ph +61 8 9322 6600 Fx + 61 8 9322 6610

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