Argex contracts Met-Chem to complete mineral resource estimate

MONTREAL, March 25 /CNW Telbec/ - Argex Silver Capital Inc. (TSX-V:RGX) reported today 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.

With drilling expected to be completed by early summer 2010, Argex has signed a contract with Met-Chem to complete a resource estimate on the La Blache Project. To date more than 23 holes have been completed, in excess of 3174 metres of drilling of a planned 6000 metres drill program at the West Hervieux target. Drilling is then anticipated to continue on the East Hervieux target, where there is currently 7000 metres of drilling planned.

On March 18, 2010, Argex released results for the first hole of the West Hervieux target, which returned 161.25m averaging 61.86% Fe2O3, 18.29% TiO2, and 0.48%V2O5. (details below)

    
    -------------------------------------------------------------------------
                            Length
                            along          Fe2O3%         TiO2%        V2O5%
    HOLE                    core           (Cal-          (Cal-        (Cal-
    No.     From    To      (m)     Fe%    c'd)    Ti%    c'd)   V %   c'd)
    -------------------------------------------------------------------------
    HW-10-
    001     7.5     168.75  161.25  42.62  61.86   11.04  18.29  0.27  0.48
    -------------------------------------------------------------------------
    

Below are excerpts from the December 4, 2008 NI 43-101 Technical Report covering the Mouchalagane and La Blache Properties. This report is available for review at www.sedar.com under the company profile for Argex Silver Capital Inc., and filed on April 15, 2009, as well as at www.argex.ca.

"In 1954, three claim blocks held by the Bersimis Mining were visited by the Ressources naturelles et de la Faune du Québec (MNRFQ) (GM03107). The MRNFQ published a report and map jointly with Bersimis Mining that located and described the East Hervieux and West Hervieux occurrences (RP374) revealing the presence of medium to coarse grained magnetite in anorthosite. According to estimates made by Bersimis Mining at the time "these deposits contained 135,000,000 tons of ore up to a depth of 300 feet. It is reported that the average content of the ore is of 49 percent iron and 21 percent of TiO2." This estimate is historical in nature, non-compliant to NI 43-101 Mineral Resources and Mineral Reserves, and therefore should not be relied upon, but should only be considered as an indication of the iron-titanium mineral potential and not necessarily indicative of the mineralization on the La Blache Property.

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.

About Met-Chem

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.

    
    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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Argex Titanium Inc.

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