ARGONAUT GOLD INC

CUSIP: 04016A101 Class: ARNGF

Keel Point, LLC's Holding History (CIK: 0001386935)

Note: Option positions (PUT/CALL) are excluded.

Q4 2016

Shares 15,300 Value ($000) $24 Avg Close — Range —

Q3 2016

Shares 15,300 Value ($000) $40 Avg Close — Range —

Q2 2016

Shares 15,300 Value ($000) $45 Avg Close — Range —

Q1 2016

Shares 15,300 Value ($000) $22 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	15,300	$24	—	—
Q3 2016	15,300	$40	—	—
Q2 2016	15,300	$45	—	—
Q1 2016	15,300	$22	—	—