Two species of decapod crustacean are recorded from the Agua de la Mula Member of the Agrio Formation (Upper Hauterivian – Lower Barremian) of the Neuquén Basin of west-central Argentina, namely Astacodes falcifer Bell and a new species of Palaeohomarus, P. pacificus. The preservation of the specimens is exceptional, some showing delicate compound eyes and a stridulatory apparatus, features rarely found in fossil forms. Many specimens are preserved articulated inside calcareous nodules, within dark-grey shales. The lobster-bearing sediments accumulated in a low-energy marine environment and diagenetic mineralization occurred very rapidly, prior to significant decay, thus allowing exceptional preservation of specimens. Palaeohomarus was a rare genus in the Cretaceous with a palaeogeographic distribution restricted to the Mediterranean Tethys, the eastern USA and Madagascar, while Astacodes falcifer has been recorded only from Speeton (eastern England) and Neuquén.