Argex provides additional drilling results for West Hervieux

    
    - Results for first 24 holes now complete
    - Samples for 17 completed holes at Hervieux West in lab
    - Nearly 13,000 m of drilling completed on the La Blache property since
      the start of 2010 drilling
    

MONTREAL, May 18 /CNW Telbec/ - Argex Silver Capital Inc. (TSX-V:RGX) (Argex or the Company) reports additional final results intersected from drilling at the La Blache property, West Hervieux occurrence. Many of the intersections include internal dilution of mineralization by unmineralized dykes. Based on these results and the holes that are pending at the lab, Argex plans to return to drilling at the West Hervieux target.

Drilling on the La Blache Properties has now seen in excess of 95 holes totaling more than 6000 metres completed in 41 holes at the West Hervieux occurrence and nearly 7000m in 53 holes on the East Hervieux occurrence, located approximately 2 km east and 1.25 km north of the West Hervieux Occurrence.

All results are drill intersections along the length of the core and may not be representative of the true thickness. See the intersection and preliminary results table below (all results are fina1):

    
    -------------------------------------------------------------------------
    HOLE No.        From  Length     Fe     Ti      V   Fe2O3    TiO2   V2O5
                           along     (%)    (%)    (%)     (%)     (%)    (%)
                            core
                              (m)
    -------------------------------------------------------------------------
    *HW-10-001     7.5  161.25  42.62  11.04   0.27   61.86   18.29   0.48
    -------------------------------------------------------------------------
    HW-10-002       12.0    5.45  34.50   7.50   0.17   49.36   12.54   0.30
    -------------------------------------------------------------------------
    HW-10-003        9.4    85.8  42.14  10.73   0.26   60.25   17.90   0.46
    -------------------------------------------------------------------------
    *HW-10-003   130.5    19.8  47.20  12.08   0.30   67.47   20.15   0.54
    -------------------------------------------------------------------------
    *HW-10-003  164.45    6.55  46.65  11.73   0.31   66.69   19.57   0.54
    -------------------------------------------------------------------------
    *HW-10-004    39.8    37.2  43.51  10.80   0.26   62.21   18.01   0.47
    -------------------------------------------------------------------------
    *HW-10-005                              NSV
    -------------------------------------------------------------------------
    HW-10-006       13.0    25.6  42.41  10.96   0.25   60.65   18.28   0.44
    -------------------------------------------------------------------------
    HW-10-006       47.1    49.9  43.31  11.17   0.28   61.92   18.64   0.50
    -------------------------------------------------------------------------
    HW-10-006      119.3     4.7  46.71  12.19   0.30   66.78   20.33   0.54
    -------------------------------------------------------------------------
    *HW-10-007    10.0   121.5  43.34  11.16   0.27   61.96   18.61   0.48
    -------------------------------------------------------------------------
    HW-10-008       34.9    72.0  44.38  11.33   0.28   63.45   18.90   0.50
    -------------------------------------------------------------------------
    HW-10-008      114.6    20.2  43.93  11.59   0.28   62.81   19.34   0.50
    -------------------------------------------------------------------------
    HW-10-009       58.2   16.15  46.54  11.90   0.30   66.53   19.85   0.54
    -------------------------------------------------------------------------
    HW-10-010                                 NSV
    -------------------------------------------------------------------------
    HW-10-011       60.9    5.45  45.29  11.67   0.30   64.75   19.46   0.54
    -------------------------------------------------------------------------
    HW-10-011       74.0    38.4  46.13  11.88   0.30   65.95   19.81   0.54
    -------------------------------------------------------------------------
    HW-10-011      116.8    13.2  46.50  11.84   0.30   66.48   19.74   0.54
    -------------------------------------------------------------------------
    HW-10-012      107.9     0.8  25.90  14.95   0.07   37.03   24.94   0.12
    -------------------------------------------------------------------------
    HW-10-013        3.8    68.0  41.72  10.46   0.27   59.65   17.45   0.47
    -------------------------------------------------------------------------
    HW-10-013       84.5     6.5  45.94  11.50   0.29   65.68   17.18   0.52
    -------------------------------------------------------------------------
    HW-10-014        3.0     9.5  45.43  12.28   0.30   64.95   20.48   0.53
    -------------------------------------------------------------------------
    HW-10-015                                 NSV
    -------------------------------------------------------------------------
    HW-10-016       68.6    11.2  36.85   9.03   0.24   52.65   15.07   0.43
    -------------------------------------------------------------------------
    HW-10-016      85.25   39.25  39.24   9.85   0.26   56.10   16.44   0.46
    -------------------------------------------------------------------------
    HW-10-017                                 NSV
    -------------------------------------------------------------------------
    HW-10-018       23.2     0.5  47.10  12.30   0.31   64.34   20.52   0.55
    -------------------------------------------------------------------------
    HW-10-019       48.5    0.95  42.00  12.95   0.26   60.05   21.60   0.46
    -------------------------------------------------------------------------
    HW-10-019      53.15    1.85  39.61  10.32  20.10   56.62   17.21   0.37
    -------------------------------------------------------------------------
    HW-10-020                                 NSV
    -------------------------------------------------------------------------
    HW-10-021       13.4     0.9  33.50   8.78   0.17   47.90   14.65   0.30
    -------------------------------------------------------------------------
    HW-10-022                                 NSV
    -------------------------------------------------------------------------
    HW-10-023       41.3     5.7  36.44   9.55   0.26   52.10   15.93   0.46
    -------------------------------------------------------------------------
    HW-10-024       18.2     0.4  23.20   7.10   0.12   33.17   11.84   0.21
    -------------------------------------------------------------------------
    HW-10-024      45.45    0.45  32.40   7.15   0.19   46.32   11.93   0.34
    -------------------------------------------------------------------------
    HW-10-024      47.75    0.65  39.69   9.55   0.26   56.75   15.94   0.46
    -------------------------------------------------------------------------
    HW-10-024       73.6    10.7  42.46  10.99   0.31   60.71   18.33   0.55
    -------------------------------------------------------------------------
    HW-10-024     129.85     1.6  46.90  11.60   0.31   67.05   19.34   0.55
    -------------------------------------------------------------------------

    *previously released, final assay
    NSV - No Significant Values
    

The drill program was planned and is being supervised by Jean-Sébastien Lavallée, P.Geo (OGQ No.773), Consul-Teck Exploration Inc., of Val d'or, Québec, Argex's Silver Capital Inc. consulting geologist and qualified person since 2007, 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, Québec 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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