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ARGEX provides corporate update

MONTREAL, March 26, 2013 /CNW Telbec/ - Argex Titanium Inc. (TSXV: RGX) 
("Argex" or the "Company") is pleased to provide a corporate update on the 
Company's activities over the latter part of 2012 and the first quarter of 
2013. 
Roy Bonnell, President & CEO comments, "The Argex team has made significant 
progress over the past six months and the industry has taken notice. Our 
efforts in 2012 were supported by enthusiastic shareholders and the financial 
community. Our approach has been to move rapidly to production while 
mitigating all risks. To this end, the last six months have been dominated by 
hard work in the following areas: the feasibility study, the optimization of 
our product, the advancement of end-user agreements and the promotion of the 
Argex name amongst industry participants. Some of the highlights of this 
period and beyond, include: 


    --  On October 11, 2012, Argex announced the launch of its
        feasibility study with GENIVAR Inc., one of Canada's largest
        engineering firms, to establish the economic viability of a
        titanium dioxide (TiO(2)) first-module production facility and
        to provide a capital plan and capital estimate. Citing the
        potential game-changing nature of the novel CTL process, both
        GENIVAR and Argex have agreed to mutual terms of exclusivity
        for engineering services related to the development and
        construction of TiO(2 )processing plants projects using this
        patented process(.) At the time of the announcement, Mr.
        Bonnell stated that the hiring of GENIVAR to complete the
        feasibility study for the future Argex TiO(2) industrial
        facility is an important step towards launching commercial
        production of our TiO(2 )product. Upon completion of the study,
        Argex will be in a position to evaluate major partnership
        opportunities, and engage in detailed construction engineering
        work and start hiring suppliers. "To date, the work is on time
        and on budget," added Enrico Di Cesare, COO and Vice-President
        of Technology at Argex, "A feasibility study is an intensive
        effort for any company and those involved. We look forward to
        sharing the results with everyone in the next few months," he
        said.
    --  Argex and PPG Industries signed a collaboration agreement for
        the development and optimization of pigment grade Titanium
        Dioxide (TiO(2)) for paints and coatings combining PPG's paint
        technology with Argex TiO(2) proprietary processing technology
        in April, 2012. The Agreement provides for, among other things,
        the negotiation of a purchase and supply agreement between PPG
        and Argex based on the successful development of treatment
        technologies. Noted Mr. Bonnell, "We are pleased that the
        collaboration between the two companies is much broader than
        just a simple off-take agreement. We are not intending to just
        make a simple feedstock. We are intending to make pigment which
        commands a higher price. Depending on the pigment's use,
        different specs are required and different coatings applied. To
        have an industry leader on our side working with us
        collaboratively through-out the last six months constitutes a
        huge plus for Argex. Although the negotiation of a purchase and
        supply agreement between PPG and Argex has taken longer than
        anticipated, we look forward to finalizing the agreement to the
        mutual satisfaction of both parties as soon as possible."
    --  On October 18, 2012 Argex announced the appointment of a new
        head of sales and marketing, Philippe Guillemaille. Mr.
        Guillemaille's focus has been two-fold: promoting Argex to the
        existing TiO(2) industry and the development of end-user
        relationships. "Despite being a new name, Argex has been able
        to capture the industry's attention," said Mr. Guillemaille.
        "Its ongoing collaboration with PPG is no doubt part of that,
        but from the perspective of the industry players, becoming part
        of the American Coatings Association is tremendously important
        as it represents some of the biggest names in the coatings
        industry right across the supply chain." In terms of his other
        responsibilities - sales to end-users, Mr. Guillemaille added
        the following, "Currently, we are in talks with many large
        end-users interested in using our product, including paint
        companies, plastic companies, cosmetic companies, PVC
        manufacturers and chemical distribution companies - it is very
        exciting. I am often asked by people how long does it take to
        sign a purchase and supply agreement. In our case, some of
        these deals proposed to us are for a very large volume- up to
        50,000 tonnes per annum. Some of these deals proposed to us are
        for a very long period - in excess of ten years. In other
        words, the monetary figures involved here are potentially very
        large and are of significant material amounts, not just for
        Argex but also for the companies proposing them. Normally
        contracts of this size can be expected to take up to 12-14
        months from start to finish to negotiate, depending on the
        complexity of the relationship."
    --  On February 14, 2013, Argex announced that it had been
        recognized by the TSX Venture Exchange as one of the 2013 TSX
        Venture 50 Companies, a ranking of strong performing companies
        on the TSX Venture Exchange. Argex achieved the second best
        rating of all companies included in the mining category. "This
        underscored a strong year of performance by our stock,"
        commented Mr. Bonnell, "by focusing on operations and moving
        rapidly to production while mitigating all risks, we have built
        ourselves a strong following in the investment community. I am
        pleased to note that on January 9, 2013, we added Cormark
        Securities to the list of investment banks covering the Argex
        story, which underscores the support we have been receiving."
    --  On May 1, 2013, COO Enrico DiCesare and Head of Sales &
        Marketing, Philippe Guillemaille will present at the 2013 TiO
        (2) World Summit in Barcelona, Spain. In particular, the Argex
        team will introduce its process and compare its TiO(2)
        production process to current technologies to an audience
        composed of the largest and most influential industry players.
        Argex is also scheduling a number of meetings and will use this
        opportunity to hold discussions with potential partners and
        increase its visibility among players active throughout the TiO
        (2) supply chain.

"It is not an overstatement that the opportunities that are being presented to 
us are exciting and significant," remarked Mr. Bonnell. "The considerable 
amount of work undertaken positions us to begin a more public discussion of 
pending events as they unfold in the near term."

About Argex Titanium Inc.

ARGEX Titanium INC. is a near-term producer of Titanium Dioxide. 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 pigment-grade TiO(2) directly from 
run-of-mine material.

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

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.

Roy Bonnell, President and Chief Executive Officer Argex Titanium Inc. 514 
788-8923 roy@argex.ca

Argex Titanium Inc. TSX-V: RGX FSE: ASV OTCBB: ARGEF 

INVESTOR RELATIONS: Dave Burwell The Howard Group 1-888-221-0915 
dave@howardgroupinc.com

MEDIA: Sarah Moreau, Consultant, Financial & Regulatory Affairs H+K Strategies 
514395-0375, ext.234 sarah.moreau@hkstrategies.ca

SOURCE: Argex Titanium Inc.

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CO: Argex Titanium Inc.
ST: Quebec
NI: MNG CHM FIN 

-0- Mar/26/2013 16:10 GMT


 
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