Argex completes West Hervieux drilling

    
    - 41 holes completed on West Hervieux Occurrence
    - 17 holes intersected Massive Titaniferous Magnetite
    - Wide drill hole intersections of 161.25m , 121.5m, 107.0m and 105.3m of
      Massive Titaniferous Magnetite
    - Massive Titaniferous Magnetite mineralization identified over a strike
      600m
    - Argex plans to drill an additional 2000m at West Hervieux in 2010
    

MONTREAL, April 13 /CNW Telbec/ - Argex Silver Capital Inc. (TSX-V:RGX) (Argex or the Company) reports that the initial planned drilling at the La Blache property, West Hervieux occurrence has now been completed. This drilling has better defined the geometry and potential size of the West Hervieux Occurrence. Based on the holes drilled to date, an additional 2000m of drilling is expected to commence at West Hervieux once the 7000m East Hervieux drilling is completed. Massive Titaniferous Magnetite occurs over a strike length of 600m. The widest massive titaniferous magnetite intersections reported to date are 161.25 m in hole HW-10-001, 122 m in hole HW-10-007, 105.4 m in hole HW-10-029 and 107.0 m in hole HW-10-031. All results are drill intersections along the length of the core and may not be representative of the true thickness. A summary of drilling at Hervieux West is provided in the table below:

    
    -------------------------------------------------------------------------
                                   Length
                                    along    Hole             Description of
                                     core  length            the mineralized
    HOLE No.         From      To      (m)     (m)              intersection
    -------------------------------------------------------------------------
    *HW-10-001      7.5  168.75  161.25     200       Massive Titaniferous
                                                                   Magnetite
    -------------------------------------------------------------------------
    *HW-10-002       12   17.45    5.45      99       Massive Titaniferous
                                                                   Magnetite
    -------------------------------------------------------------------------
    *HW-10-003      9.4    95.2    85.8               Massive Titaniferous
                                                                   Magnetite
    ---------------------------------------          ------------------------
    *HW-10-003    130.5   150.3    19.8     198       Massive Titaniferous
                                                                   Magnetite
    ---------------------------------------          ------------------------
    *HW-10-003   164.45     171    6.55               Massive Titaniferous
                                                                   Magnetite
    -------------------------------------------------------------------------
    *HW-10-004     39.8      77    37.2     111       Massive Titaniferous
                                                                   Magnetite
    -------------------------------------------------------------------------
    *HW-10-005              NSV             162
    -------------------------------------------------------------------------
    *HW-10-006       13    38.6    25.6               Massive Titaniferous
                                                                   Magnetite
    ---------------------------------------          ------------------------
    *HW-10-006     47.1      97    49.9     150       Massive Titaniferous
                                                                   Magnetite
    ---------------------------------------          ------------------------
    *HW-10-006    119.3     124     4.7               Massive Titaniferous
                                                                   Magnetite
    -------------------------------------------------------------------------
    *HW-10-007       10   131.5   121.5     139       Massive Titaniferous
                                                                   Magnetite
    -------------------------------------------------------------------------
    *HW-10-008     34.9   106.9      72               Massive Titaniferous
                                                                   Magnetite
    ---------------------------------------   144    ------------------------
    *HW-10-008    114.6   134.8    20.2               Massive Titaniferous
                                                                   Magnetite
    -------------------------------------------------------------------------
    *HW-10-009     58.2   74.35   16.15      99       Massive Titaniferous
                                                                   Magnetite
    -------------------------------------------------------------------------
    *HW-10-010              NSV             150
    -------------------------------------------------------------------------
    HW-10-011        60.9   66.35    5.45               Massive Titaniferous
                                                                   Magnetite
    ---------------------------------------          ------------------------
    HW-10-011          74   112.4    38.4     153       Massive Titaniferous
                                                                   Magnetite
    ---------------------------------------          ------------------------
    HW-10-011       116.8     130    13.2               Massive Titaniferous
                                                                   Magnetite
    -------------------------------------------------------------------------
    HW-10-012       107.9   108.7     0.8     177       Massive Titaniferous
                                                                   Magnetite
    -------------------------------------------------------------------------
    HW-10-013         3.8    71.8      68               Massive Titaniferous
                                                                Magnetite
    ---------------------------------------   111    ------------------------
    HW-10-013        84.5      91     6.5               Massive Titaniferous
                                                                   Magnetite
    -------------------------------------------------------------------------
    HW-10-014           3    12.5     9.5      42       Massive Titaniferous
                                                                   Magnetite
    -------------------------------------------------------------------------
    HW-10-015                 NSV              36
    -------------------------------------------------------------------------
    HW-10-016        68.6    79.8    11.2               Massive Titaniferous
                                                                   Magnetite
    ---------------------------------------   144    ------------------------
    HW-10-016       85.25   124.5   39.25               Massive Titaniferous
                                                                   Magnetite
    -------------------------------------------------------------------------
    HW-10-017                 NSV             126
    -------------------------------------------------------------------------
    HW-10-018        23.2    23.7     0.5               Massive Titaniferous
                                                                   Magnetite
    -------------------------------------------------------------------------
    HW-10-019        48.5   49.45    0.95               Massive Titaniferous
                                                                   Magnetite
    ---------------------------------------   150    ------------------------
    HW-10-019       53.15      55    1.85               Massive Titaniferous
                                                                   Magnetite
    -------------------------------------------------------------------------
    HW-10-020                 NSV             141
    -------------------------------------------------------------------------
    HW-10-021        13.4    14.3     0.9     141       Massive Titaniferous
                                                                   Magnetite
    -------------------------------------------------------------------------
    HW-10-022                 NSV             150
    -------------------------------------------------------------------------
    HW-10-023        41.3      47     5.7     150       Massive Titaniferous
                                                                   Magnetite
    -------------------------------------------------------------------------
    HW-10-024        18.2    18.6     0.4               Massive Titaniferous
                                                                   Magnetite
    ---------------------------------------          ------------------------
    HW-10-024       45.45    45.9    0.45               Massive Titaniferous
                                                                   Magnetite
    ---------------------------------------          ------------------------
    HW-10-024       47.75    48.4    0.65               Massive Titaniferous
                                              159                  Magnetite
    ---------------------------------------          ------------------------
    HW-10-024        73.6    84.3    10.7               Massive Titaniferous
                                                                   Magnetite
    ---------------------------------------          ------------------------
    HW-10-024      129.85  131.45     1.6               Massive Titaniferous
                                                                   Magnetite
    -------------------------------------------------------------------------
    HW-10-025                 NSV             156
    -------------------------------------------------------------------------
    HW-10-026          74    75.5     1.5     153       Massive Titaniferous
                                                                   Magnetite
    -------------------------------------------------------------------------
    HW-10-027                 NSV             198
    -------------------------------------------------------------------------
    HW-10-028         9.5    12.1     2.6               Massive Titaniferous
                                                                   Magnetite
    ---------------------------------------          ------------------------
    HW-10-028        78.1    80.1       2     150       Massive Titaniferous
                                                                   Magnetite
    ---------------------------------------          ------------------------
    HW-10-028       101.5  102.25    0.75               Massive Titaniferous
                                                                   Magnetite
    -------------------------------------------------------------------------
    HW-10-029         4.6     110   105.4               Massive Titaniferous
                                                                   Magnetite
    ---------------------------------------          ------------------------
    HW-10-029       119.7   120.9     1.2               Massive Titaniferous
                                                                   Magnetite
    ---------------------------------------          ------------------------
    HW-10-029       128.3   128.6     0.3               Massive Titaniferous
                                              201                  Magnetite
    ---------------------------------------          ------------------------
    HW-10-029       133.5  146.55   13.05               Massive Titaniferous
                                                                   Magnetite
    ---------------------------------------          ------------------------
    HW-10-029       150.6   153.2     2.6               Massive Titaniferous
                                                                   Magnetite
    -------------------------------------------------------------------------
    HW-10-030         3.8   40.65   36.85               Massive Titaniferous
                                                                   Magnetite
    ---------------------------------------          ------------------------
    HW-10-030        50.9   102.8    51.9     201       Massive Titaniferous
                                                                   Magnetite
    ---------------------------------------          ------------------------
    HW-10-030       108.5   167.3    58.8               Massive Titaniferous
                                                                   Magnetite
    -------------------------------------------------------------------------
    HW-10-031           4     111     107               Massive Titaniferous
                                                                   Magnetite
    ---------------------------------------          ------------------------
    HW-10-031         117     122       5               Massive Titaniferous
                                                                   Magnetite
    ---------------------------------------   156    ------------------------
    HW-10-031         130   137.4     7.4               Massive Titaniferous
                                                                   Magnetite
    ---------------------------------------          ------------------------
    HW-10-031         144   144.5     0.5               Massive Titaniferous
                                                                   Magnetite
    -------------------------------------------------------------------------
    HW-10-032                 NSV             102
    -------------------------------------------------------------------------
    HW-10-033                 NSV              69
    -------------------------------------------------------------------------
    HW-10-034         4.3      60    55.7               Massive Titaniferous
                                                                   Magnetite
    ---------------------------------------   200    ------------------------
    HW-10-034        70.4    75.3     4.9               Massive Titaniferous
                                                                   Magnetite
    -------------------------------------------------------------------------
    HW-10-035           7     7.9     0.9               Massive Titaniferous
                                                                   Magnetite
    ---------------------------------------          ------------------------
    HW-10-035        11.9      18     6.1               Massive Titaniferous
                                                                   Magnetite
    ---------------------------------------          ------------------------
    HW-10-035        29.8      31     1.2               Massive Titaniferous
                                                                   Magnetite
    ---------------------------------------          ------------------------
    HW-10-035        40.3    41.2     0.9               Massive Titaniferous
                                                                   Magnetite
    ---------------------------------------          ------------------------
    HW-10-035       41.55    43.6    2.05     105       Massive Titaniferous
                                                                   Magnetite
    ---------------------------------------          ------------------------
    HW-10-035        46.8    58.5    11.7               Massive Titaniferous
                                                                   Magnetite
    ---------------------------------------          ------------------------
    HW-10-035       64.85      73    8.15               Massive Titaniferous
                                                                   Magnetite
    ---------------------------------------          ------------------------
    HW-10-035        79.3    80.5     1.2               Massive Titaniferous
                                                                   Magnetite
    -------------------------------------------------------------------------
    HW-10-036        17.6    98.8    81.2     151       Massive Titaniferous
                                                                   Magnetite
    -------------------------------------------------------------------------
    HW-10-037                 NSV              41
    -------------------------------------------------------------------------
    HW-10-038                 NSV             138
    -------------------------------------------------------------------------
    HW-10-039        53.5    58.7     5.2               Massive Titaniferous
                                                                   Magnetite
    ---------------------------------------   210    ------------------------
    HW-10-039       127.1   194.2    67.1               Massive Titaniferous
                                                                   Magnetite
    -------------------------------------------------------------------------
    HW-10-040                 NSV              57
    -------------------------------------------------------------------------
    HW-10-041                 NSV              90
    -------------------------------------------------------------------------
    *previously released
    

Argex is moving rapidly with drilling in order to complete a National Instrument 43-101 compliant technical report on the mineral resource estimate for the La Blache Project in 2010.

Complete results for the first 19 holes are expected to be available late next week and once results have been received by the Company, a drilling update with these results will be issued. A plan of the holes in this release will be available at www.argex.ca in the coming days.

On March 7, 2010 Argex announced that it is has engaged Process Research Ortech Inc. (PRO) to develop an effective and economically viable process for the recovery of titanium dioxide from its 100% owned La Blache deposit's ore.

PRO has extensive experience in titanium processing with several patents issued and pending. For its Canadian patent application on its proprietary mixed chloride technology to treat titanium containing ores to produce titanium dioxide, the patent allowance has been made. The process has been previously demonstrated for other titanium containing ores from Canada and overseas with an extraction efficiency in excess of 90% for both titanium and iron as well as production of over 99.8 % pure titanium dioxide.

On March 25, 2010 Argex announced that it has contracted Met-Chem Canada Inc. of Montreal, Quebec to complete a National Instrument 43-101 compliant technical report on the mineral resource estimate for the La Blache Project. The La Blache Project includes the West Hervieux, East Hervieux and Schmoo targets.

Met-Chem is an internationally renowned consulting engineering firm established in 1969 to provide all phases of geology, mining, mineral processing and engineering services throughout the world. From its headquarters in Montreal, Met-Chem offers the mining industry professional expertise that covers scoping, pre-feasibility and feasibility studies, basic and detailed engineering, procurement and construction management, training, start-up, commissioning and operations assistance.

The drill program was planned and is being supervised by Jean-Sebastien Lavallee, P.Geo(OGQ #773) since 2007, Consul-Teck Exploration Inc., of Val d'or, Québec, Argex's Silver Capital Inc. consulting geologist and qualified person, as well as reviewing and approving this release. The drilling is being completed Major Drilling Group International Inc, with crews being based out of the Val d'or, Quebec office Samples were sent for analysis in sealed containers to the Chemex laboratory in Val-d'Or by employees of the Company. Chemex is the laboratory used for analysis of all samples from programs on the LaBlache property. The samples are weighed and identified prior to sample preparation. The samples are crushed to 70% minus 2 mm, then separation and pulverized to 85% passing 75 (micro)m. All samples are analyzed using ICP-81 (Iron-Titanium) and using ME-XRF-10 for Vanadium.

About Argex

Argex is a junior titanium, iron, vanadium and magnesium explorer with projects in Quebec, Canada. Headquartered in Montreal, Quebec, the Company is committed to the interests of its shareholders, with plans to rapidly advance towards titanium production at the 100% owned La Blache deposit located near Baie-Comeau, Quebec. For additional information please visit our website at www.argex.ca.

    
    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, (647) 477-2382, michael@avantimac.com; Paradox Public relations, (514) 341-0408, 1-866-460-0408

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