Argex aquires property to target additional vanadium, iron and titanium

    
    - Acquired by staking 165 km2 property surrounding Consolidated Thompson
      Iron Mines Ltd.'s (CLM) Lac Brule Property
    - Drill core intersections from 2004 returned up to 23.09m (true width)
      of 59.72% Fe2O3 and 31.97 % TiO2
    

MONTREAL, June 21 /CNW Telbec/ - Argex Silver Capital Inc. (TSX-V:RGX) is pleased to announce that it has aquired by staking a 100% interest in the Lac Brule region, the Lac Brulé Property. The Lac Brulé region is underlain by the Labrieville anorthosite (˜1010 Ma), which is part of the allochtonous polycyclic belt of the Grenville geological province.

"The proximity of the newly staked Lac Brule Property to Argex's La Blache property is approximately 50 kms. In the Lac Brule region Fe2O3 grades appears to be slightly lower that at La Blache where in contrast TiO2 grades appears to be 150% of the grades at La Blache. Argex's Lac Brule property is approximately 600m away from the drilling reported by Quinto Technology Inc."

Drill Core results reported by Quinto Technology Inc. on the claims now owned by Consolidated Thompson Iron Mines Ltd. in the December 23, 2005 43-101 technical report entitled "GEOLOGICAL AND DRILLING PROGRAM REPORT LAC BRULÉ PROJECT" included:

    
    -------------------------------------------------------------------------
    Hole        TiO2         Fe2O3        Length          True     Number of
    No.           (%)           (%)           (m) Thickness (m)      Samples
    -------------------------------------------------------------------------
    F04 01     32.04         55.71         24.92         22.69             9
    -------------------------------------------------------------------------
    F04 02      31.8         59.45         16.16         14.71             6
    -------------------------------------------------------------------------
    F04 03     31.94         61.99         15.84         14.41             6
    -------------------------------------------------------------------------
    F04 04      32.2          61.1          26.4         24.02             9
    -------------------------------------------------------------------------
    F04 05      31.8         59.39         12.27         11.17             4
    -------------------------------------------------------------------------
    F04 05     32.16         59.68          6.48           5.9             3
    -------------------------------------------------------------------------
    F04 06     28.95         54.91         10.16          9.25             4
    -------------------------------------------------------------------------
    F04 08     31.52         59.89         12.19         11.09             4
    -------------------------------------------------------------------------
    F04 08     32.76         61.72           5.6           5.1             2
    -------------------------------------------------------------------------
    F04 08     32.71         61.76         14.76         13.43             6
    -------------------------------------------------------------------------
    F04 09     31.86         59.26          5.04          4.59             2
    -------------------------------------------------------------------------
    F04 09     31.49         59.06          5.66          5.15             2
    -------------------------------------------------------------------------
    F04 10     31.97         59.72         25.37         23.09            10
    -------------------------------------------------------------------------
    F04 10     30.96         57.91          3.06          2.78             2
    -------------------------------------------------------------------------
    F04 11     33.42         57.52           7.3          6.64             3
    -------------------------------------------------------------------------
    F04 11     30.76         54.43         10.87          9.89             5
    -------------------------------------------------------------------------
    F04 11     32.04         59.37          4.93          4.49             3
    -------------------------------------------------------------------------
    F04 12     29.33         56.41          4.59          4.18             2
    -------------------------------------------------------------------------
    F04 12     28.86         55.78           2.7          2.46             2
    -------------------------------------------------------------------------
    

Jean-Sébastien Lavallée, P.Geo (OGQ #773), Consul-Teck Exploration Inc., of Val d'or, Québec, Argex's Silver Capital Inc. consulting geologist and qualified person since 2007, has reviewed and approved this release.

    
    Forward-Looking Statements
    --------------------------
    

This news release contains discussion of items that may constitute forward-looking statements within the meaning of securities laws that involve risks and uncertainties. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ materially from expectations include the effects of general economic conditions, actions by government authorities, uncertainties associated with contract negotiations, additional financing requirements, market acceptance of the Company's products and competitive pressures. These factors and others are more fully discussed in Company filings with Canadian securities regulatory authorities

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.

For further information: For further information: Michael Dehn, President and CEO, Argex Silver Capital Inc, 514-788-8923, michael@avantimac.com; Paradox Public relations, 514-341-0408, 1-866-460-0408

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