Argex announces purchase agreement with PPG

                 Argex announces purchase agreement with PPG

PR Newswire

MONTREAL, June 27, 2013

MONTREAL, June  27,  2013  /PRNewswire/  - Argex  Titanium  Inc.  (TSXV:  RGX) 
announced today that it has entered into a long-term supply agreement with PPG
Industries Inc.  (NYSE: PPG)  relating to  titanium dioxide  (TiO[2])  pigment 
suitable for various end-use applications by PPG.

PPG is the world's  leading coatings and  specialty products company,  serving 
customers in construction,  consumer products,  industrial and  transportation 
markets and  aftermarkets. PPG  operates in  nearly 70  countries around  the 
world, with sales in 2012 of US$15.2 billion.

The supply agreement and a  concurrently executed research services  agreement 
between PPG  and  Argex,  whereby  PPG will  provide  continued  research  and 
development support to both optimize Argex  pigment grade TiO2 for paints  and 
coatings and combine PPG's coatings technology and expertise with Argex's TiO2
proprietary processing technology, replace the collaboration agreement  signed 
by the two parties that was announced in April, 2012.

Roy  Bonnell,  Argex  President  and  Chief  Executive  Officer,  said,   "The 
agreements with  PPG  are  a  significant  milestone  for  our  Company.  Our 
relationship with  PPG has  greatly  assisted with  our  stated goal  to  move 
towards production. We are  very pleased that PPG  will be our first  customer 
for TiO[2] pigment suitable for use in its architectural paint production.  We 
are also pleased that we will continue our collaboration with PPG to  optimize 
our product for other various end-use applications."

"These agreements and our ongoing  collaboration with Argex are  demonstrative 
of PPG's stated intent to leverage our expertise to secure an enhanced  supply 
of critical raw  materials," said Charles  F. Kahle II,  PPG Chief  Technology 
Officer and Vice President, Research and Development, Coatings.

PPG previously manufactured titanium dioxide using the chloride process at its
former Natrium, W.Va., chemicals plant  and sold titanium dioxide pigment  for 
coatings and other end-use  applications. Titanium dioxide  is a raw  material 
widely used in  the paint  and coatings industry  as pigment  for its  hiding, 
durability and whiteness characteristics.

About Argex Titanium Inc.

ARGEX Titanium Inc.  is a  near-term producer of  Titanium Dioxide  (TiO[2]). 
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  quality  TiO[2]  pigment  directly   from 
run-of-mine material from  a variety  of sources. The  closed-loop process  is 
environmentally friendly and produces minimal inert tailings.

The feasibility study for the process is nearing completion.

The Argex R&D Centre and its first industrial sized production module will  be 
situated  in  Salaberry-de-Valleyfield,  Quebec.   The  company  expects   its 
industrial plant to be operational in early 2015. The location of the site can
be viewed at Argex Valleyfield.

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.

SOURCE Argex Titanium Inc.

Contact:

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

Argex Titanium Inc.
TSX-V: RGX

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
 
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