Argex Mining Inc. has recently transitioned from a mining exploration company to a near-term producer of commodities that the world needs: Titanium Dioxide (TiO₂), Iron and Vanadium Pentoxide (V₂O₅).

Argex released on June 29, 2011 its 43-101 compliant resource estimate on its La Blache property.  On October 26, Argex released the results of its preliminary economic assessment (PEA)  which confirms the technological and economic viability of Argex’s proprietary

metallurgical process and clears the path towards the next step, the construction of an industrial-sized pilot plant.

With a primary goal of advancing rapidly towards production, Argex has adopted a simple and low risk strategy for the scale-up of its metallurgical process that allows it to produce high purity TiO₂ directly from its 100% owned deposit.

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

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

La Blache Property

The La Blache Fe-Ti-V property is located in the Manicouagan region in the Province of Quebec, approximately 120 km northwest of the city of Baie-Comeau on the north shore of the St. Lawrence River. The property is centered on the coordinates 50°03′N and 69°38′W and composed of one block of 73 contiguous claims covering an area of 40.3 km². The property covers three massive titaniferous magnetite lenses named Hervieux West, Hervieux East and Lac Schmoo which contains significant iron, titanium and vanadium mineralization. The massive magnetite lenses are hosted in intrusive lithologies of the La Blache Anorthosite Complex. The combined initial NI 43-101 compliant mineral resource estimate for Hervieux East and West totals 30.88 Mt grading 18.78% TiO2, 63.29% Fe2O3 and 0.45% V2O5 in the measured and indicated categories with an additional 2.87 Mt grading 18.67% TiO2, 63.06% Fe2O3 and 0.43% V2O5.

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Mouchalagane Property

The Mouchalagane iron ore property is located approximately 275 km north of Baie-Comeau adjacent to the Manicouagan reservoir. The property is composed of one block of 637 claims covering 334 km² and is centered on the coordinates 51°45’N and 69°30’W. Numerous iron formations occur on the property and are hosted in the Wabush geological formation of the southern Labrador Trough. Historical drilling in five areas on the property confirmed the presence of several economic grade iron deposits up to a hundred meter in thickness. Recent airborne magnetic survey successfully outlines the iron formations which total up to 50 km in strike length.

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Lac Brûlé Property

The Lac Brûlé Fe-Ti-V property is located 130 km west of Baie-Comeau, less than 100 km from the coast of the St. Lawrence River. The property is composed of one block of 295 claims totaling 165 km² which surrounds Cliffs Natural Resources claim block hosting the Lac Brûlé titaniferous ilmenite deposit. The Lac Brûlé deposit is hosted by the Labrieville anorthosite intrusive complex and has a reported historical resource estimate of 3.87 Mt grading 30-35% TiO2.

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Robert Guilbault,

Chairman of the Board of Directors

• President and CEO of Aluminerie Alouette Inc. from 2006 to 2010
• Has worked in the mining production field for twenty years
• Received a B.A. from St-Hyacinthe Seminary and B.Eng in electrical engineering from the Université de Montréal

Roy Bonnell,

President, CEO & Director

• Co-Founder of Argex
• President & CEO from June, 2011
• Vice-President, Corporate Development and Corporate Secretary of the Corporation from December, 2009 to June, 2011
• Managing Director of Atwater Financial Group Inc. from June, 2004 until December, 2010
• M.Sc. Accounting & Finance (London School of Economics), MBA (McGill), L.L.B. Western Ontario, B.A. (Queen’s University)

Mark Billings,

CFO, Director

• Co-Founder of Argex
• President and CEO of Orex Exploration Inc. (TSX-V: OX), a gold exploration company with properties in Nova Scotia
• BA (Honours) from Carleton University and an MBA from the Harvard Business School; Chartered Financial Analyst

Peter H. Smith,

Director

• President and CEO of Fancamp Exploration Ltd. (TSX-V: FNC),
• B.Sc. in geology from McGill University and an MS and Ph.D. from Northwestern University

Anthony Garson,

Director

• Involved in brokerage industry as a Mines and Metals Analyst, Scotiabank, 1975 – 80.
• V-P Dean Witter Reynolds (Canada) Ltd.,
• V.P. ,Canaccord Capital.
• Founding partner of Union Capital Markets (UK) Ltd.

Mazen Haddad,

Director

• President of Township Capital Inc. from 2005 until 2010
• Past Chairman of SGI Properties Canada Fund L.P., a private real estate investment trust (REIT) focused on residential real estate in Montreal
• Past Vice-President of SGI Capital Corp., a private investment company
• Received a B.A. degree in economics from Emory University of Atlanta, Georgia

Enrico Di Cesare,

COO, VP Technology

• Metallurgical Engineer from McGill University – with diverse background covering metallurgy, equipment, operations and organizational improvement.
• Director of Organizational Development for Severstal Russian Steel’s engineering firm of 300 who execute all of the capital projects be it revamp or new equipment. Facility produces 10 million tons of steel annually
• VP Sales Danieli Wean United; one of the 3 biggest equipment suppliers to the steel industry.
• Manager of finishing department at Sammi Atlas Steels: stainless steel producer. Involvement in day-to-day operations, maintenance, team building, continuous improvement, implementation of ISO, autonomous work teams, continuous training, process improvement.
• Manager of Business Development: Hoogovens/Corus/Hatch: involved with viability studies, financial turnarounds, know-how transfer, self-paced learning, Training Legacy for start-ups, operational and maintenance improvements.

André Laferrière,

Senior Geologist

• Registered professional geologist (OGQ) and NI 43-101 Qualified Person for the corporation.
• Over 15 years of experience in mineral exploration and mining development projects for precious metals (gold, silver, PGE), base metals (nickel, copper, zinc, lead, iron), and technology metals (lithium, rare earths).
• Expertise includes projects evaluation, mineral resource estimation, NI 43-101 technical reporting, and exploration projects design, implementation and management.

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