No button, it has a lever on the left side that locks the barrel into the receiver. Neat set up. The gun is about 85% condition. Tighter than a bank vault. I have given it a good going over, it's safe to shoot, however my oldest son played gunsmith and took it apart to clean it, and broke the return spring. Looking at the action, I suspect it was a leaf spring. He didn't think to keep the spring, or I could have made one, with a look at the old one.