[Marinir] {Disarmed} Argex (TSX-V: RGX) on Route to Production - Completes Mini-Plant Tests Demonstrating 99.8% Pure Titanium Dioxide

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http://www.argex.ca/ 

ARGEX ANNOUNCES SUCCESSFUL COMPLETION OF MINI-PLANT TESTS 

Argex Mining Inc. (TSX-V: RGX 

http://www.stockwatch.com/Quote/Detail.aspx?action=go&symbol=RGX&region=C&lookup=symbol&snapshot=default 

) announced today that it has successfully completed the mini-plant 
testing of ore from its 100%-owned La Blache deposit that had begun in 
February of this year. The ore was processed using the patented Process 
owned by Argex's subsidiary Canadian Titanium Limited (CTL) and 
developed to produce titanium dioxide, iron oxide and vanadium product 
(CTL Process). 

Highlights of the testing include the following: 

Repeated and consistent results demonstrating production of 99.8% pure 
titanium dioxide rutile product directly from run-of-mine material. 

Repeated and consistent results demonstrating titanium dioxide 
production with brightness that are in line with or superior to some of 
the major TiO2 industry producers. 

An improved and consistent TiO2 recovery rate of 90%. 

Organics used in the CTL Process have been recycled more than 100 times 
successfully demonstrating process viability. 

TiO2 end-product successfully produced to the optimal 0.25 microns size 
as required for commercial use in paints and other products. 

"It is largely because of the success of our proprietary mineral 
processing technology that we were able to produce such a successful 
Preliminary Economic Assessment (PEA) results," stated Argex President 
and CEO, Roy Bonnell, "The PEA confirmed for us the economic and 
technological viability of the CTL Process." On October 26, 2011, Argex 
reported by news release PEA results that demonstrated (among other 
things) a $2.2 billion NPV valuation." 

"I am excited and encouraged with the progress that we have made in 
recent months to prepare the road to production. The continued efforts 
to simplify and de-risk the project are demonstrating positive results" 
stated Argex COO and VP Technology, Enrico Di Cesare. 

The patented closed-loop CTL Process involves the leaching of 
titanium-bearing ore material in acid under conditions with both the 
iron and the titanium in the ore leached into solution. The energy 
efficient process operates at atmospheric pressure and does not require 
pre-treatment of the ore (no oxidation and/or reduction is required). 
The CTL Process operates with relatively low concentration of 
hydrochloric acid and avoids the need to handle chlorine, carbon or 
carbon containing chemicals at very high temperatures. 

About Argex Mining Inc. 

ARGEX MINING INC. has recently transitioned from a mining exploration 
company to a near-term producer of commodities that the world needs: 
Titanium Dioxide, Iron and Vanadium Pentoxide. With a primary goal of 
advancing rapidly towards production, Argex has adopted a simple and 
low-risk strategy for the scale-up of its proprietary process that 
allows it to produce high purity TiO2 directly from its 100% owned 
deposit. 

The process is running continuously at the mini-plant in Mississauga, 
Ontario. The closed-loop process is environmentally friendly and 
produces minimal inert tailings. 

Additionally, the Company owns 100% of the Mouchalagane property, which 
is a large Labrador Trough iron ore property that represents further 
potential upside for the Argex shareholders. 

Forward-Looking Statements and Disclaimer 

This press release may contain forward-looking information within the 
meaning of applicable securities laws. All information and statements 
other than statements of historical facts contained in this press 
release are forward-looking information. Such statements and information 
may be identified by words such as "about", "approximately", "may", 
"believes", "expects", "will", "intends", "should", "plans", "predicts", 
"potential", "projects", "anticipates", "estimates", "continues" or 
similar words or the negative thereof or other comparable terminology. 
Forward-looking statements are based on the best estimates available to 
Argex at this time and involve known and unknown risks, uncertainties 
and other factors that may cause Argex's actual results, performance or 
achievements to be materially different from any future results, 
performance or achievements expressed or implied by such forward-looking 
statements. A description of the risks affecting Argex's business and 
activities appears under the heading "Risk Factors" in Argex's Amended 
and Restated Annual Information Form dated January 14, 2011 for the 
fiscal year ended December 31, 2009, which is available on SEDAR at 
www.sedar.com. No assurance can be given that any events anticipated by 
the forward-looking information in this press release will transpire or 
occur, or if any of them do so, what benefits that Argex will derive 
therefrom. In particular, no assurance can be given as to the future 
financial performance of Argex. The forward-looking information 
contained in this press release is made as of the date hereof and Argex 
undertakes no obligation to publicly update such forward-looking 
information to reflect new information, subsequent or otherwise, unless 
required by applicable securities laws. The reader is warned against 
placing undue reliance on these forward-looking statements. 

For More Information: 

Roy Bonnell, President and Chief Executive Officer Argex Mining Inc. 

Argex Mining Inc. TSX-V: RGX 

514-788-8923 FSE: ASV 

roy at argex.ca 

MEDIA: 

Frédéric Bérard, Vice President 

HKDP Communications and Public Affairs 

514 395-0375, ext. 259 

Neither the TSX Venture Exchange nor its Regulation Services Provider 
(as that term is defined in the policies of the TSX Venture Exchange) 
accepts responsibility for the adequacy or accuracy of this release. 

For more information about this service, please see: 
www.infostockbiz.com 

http://www.infostockbiz.com 

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