Argex reports 192 metres of Titaniferous mineralization from five zones in
first hole at East Hervieux

    
    - 192.2 m of Titaniferous Mineralization within 5 zones in hole HW-10-001
    - Massive Titaniferous Magnetite mineralization over a strike length of
      1000 m
    - 23 holes of 30 completed to date intersected Massive Titaniferous
      Magnetite
    - Drilling continues at East Hervieux
    

MONTREAL, April 29 /CNW Telbec/ - Argex Silver Capital Inc. (TSX-V:RGX) (Argex or the Company) is pleased to report initial drilling at the La Blache property, East Hervieux occurrence. To date, 30 holes have been completed on the East Hervieux Occurrence. This drilling was planned to better define the geometry and potential size of the West Hervieux Occurrence and test the airborne magnetic survey. The strike length of massive titaniferous magnetite at the East Hervieux occurrence has been identified over a strike length of more than 1000m. Hole HE-10-001 intersected 5 zones of titaniferous mineralization for a total of 192.2m The widest massive titaniferous magnetite intersections reported to date at East Hervieux are 95.1 m and 72.65m in hole HE-10-001, 52.7 m in hole HE-10-005, 46.65 m in hole HE-10-017 and 45.85 m in hole HE-10-004. 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 East Hervieux is provided in the table below:

    
    -------------------------------------------------------------------------
                                Length                 Description of
                                 along   Hole         the mineralized
    HOLE No.    From      To     core   length          intersection
                                  (m)    (m)
    -------------------------------------------------------------------------
    HE-10-001       3     8.4     5.4          Massive Titaneferous Magnetite
    ----------------------------------        -------------------------------
    HE-10-001   57.75  152.85    95.1          Massive Titaneferous Magnetite
    ----------------------------------        -------------------------------
    HE-10-001  163.75   236.4   72.65    279   Anorthosite/Peridotite with TM
    ----------------------------------        -------------------------------
    HE-10-001   236.4     249    12.6          Massive Titaneferous Magnetite
    ----------------------------------        -------------------------------
    HE-10-001     249  255.45    6.45          Anorthosite/Peridotite with TM
    -------------------------------------------------------------------------
    HE-10-002           NSV               18           Hole Abandoned
    -------------------------------------------------------------------------
    HE-10-003       1    7.75    6.75         Massive Titaneferous Magnetite
    ----------------------------------   145  -------------------------------
    HE-10-003    92.8   97.35    4.55          Massive Titaneferous Magnetite
    -------------------------------------------------------------------------
    HE-10-004   36.82    38.4    1.58          Massive Titaneferous Magnetite
    ----------------------------------        -------------------------------
    HE-10-004      68  113.85   45.85    174   Massive Titaneferous Magnetite
    ----------------------------------        -------------------------------
    HE-10-004   122.3  127.75    5.45          Massive Titaneferous Magnetite
    -------------------------------------------------------------------------
    HE-10-005    82.6   135.3    52.7    189   Massive Titaneferous Magnetite
    -------------------------------------------------------------------------
    HE-10-006   64.52   106.7   42.18          Massive Titaneferous Magnetite
    ----------------------------------        -------------------------------
    HE-10-006  110.27   118.5    8.23    165   Massive Titaneferous Magnetite
    ----------------------------------        -------------------------------
    HE-10-006   127.3  135.65    8.35          Massive Titaneferous Magnetite
    -------------------------------------------------------------------------
    HE-10-007   24.25    34.5   10.25          Massive Titaneferous Magnetite
    ----------------------------------   144  -------------------------------
    HE-10-007   99.63  114.12   14.49          Massive Titaneferous Magnetite
    -------------------------------------------------------------------------
    HE-10-008   80.87   97.48   16.61    108   Massive Titaneferous Magnetite
    -------------------------------------------------------------------------
    HE-10-009   93.06   95.15    2.09    120   Massive Titaneferous Magnetite
    -------------------------------------------------------------------------
    HE-10-010    74.6  108.75   34.15    129   Massive Titaneferous Magnetite
    -------------------------------------------------------------------------
    HE-10-011           NSV              144
    -------------------------------------------------------------------------
    HE-10-012           NSV              150
    -------------------------------------------------------------------------
    HE-10-013           NSV               92
    -------------------------------------------------------------------------
    HE-10-014           NSV              129
    -------------------------------------------------------------------------
    HE-10-015    57.8   100.1    42.3          Massive Titaneferous Magnetite
    ----------------------------------        -------------------------------
    HE-10-015  105.75  105.95     0.2    129   Massive Titaneferous Magnetite
    ----------------------------------        -------------------------------
    HE-10-015  107.92  110.54    2.62          Massive Titaneferous Magnetite
    -------------------------------------------------------------------------
    HE-10-016      37      60      23    123   Massive Titaneferous Magnetite
    -------------------------------------------------------------------------
    HE-10-017       4   50.65   46.65          Massive Titaneferous Magnetite
    ----------------------------------    93  -------------------------------
    HE-10-017   58.85    60.6    1.75          Massive Titaneferous Magnetite
    -------------------------------------------------------------------------
    HE-10-018      68   73.75    5.75          Massive Titaneferous Magnetite
    ----------------------------------        -------------------------------
    HE-10-018    80.8    82.2     1.4    117   Massive Titaneferous Magnetite
    ----------------------------------        -------------------------------
    HE-10-018    88.1    95.5     7.4          Massive Titaneferous Magnetite
    -------------------------------------------------------------------------
    HE-10-019      23    34.5    11.5          Massive Titaneferous Magnetite
    ----------------------------------    99  -------------------------------
    HE-10-019    36.8    47.4    10.6          Massive Titaneferous Magnetite
    -------------------------------------------------------------------------
    HE-10-020   27.15    34.8    7.65          Massive Titaneferous Magnetite
    ----------------------------------        -------------------------------
    HE-10-020    43.2    56.5    13.3     95   Massive Titaneferous Magnetite
    ----------------------------------        -------------------------------
    HE-10-020    57.8    61.8       4          Massive Titaneferous Magnetite
    -------------------------------------------------------------------------
    HE-10-021    29.7   63.25   33.55     99   Massive Titaneferous Magnetite
    -------------------------------------------------------------------------
    HE-10-022    88.4   93.28    4.88    123   Massive Titaneferous Magnetite
    -------------------------------------------------------------------------
    HE-10-023   35.75    45.7    9.95     69   Massive Titaneferous Magnetite
    -------------------------------------------------------------------------
    HE-10-024    22.3    31.2     8.9          Massive Titaneferous Magnetite
    ----------------------------------    75  -------------------------------
    HE-10-024      38   50.65   12.65          Massive Titaneferous Magnetite
    -------------------------------------------------------------------------
    HE-10-025     6.4      23    16.6     75   Massive Titaneferous Magnetite
    -------------------------------------------------------------------------
    HE-10-026           NSV               75
    -------------------------------------------------------------------------
    HE-10-027       6    31.6    25.6          Massive Titaneferous Magnetite
    ----------------------------------        -------------------------------
    HE-10-027    39.2   40.55    1.35     75   Massive Titaneferous Magnetite
    ----------------------------------        -------------------------------
    HE-10-027   50.65      53    2.35          Massive Titaneferous Magnetite
    -------------------------------------------------------------------------
    HE-10-028     5.2    17.6    12.4     81   Massive Titaneferous Magnetite
    -------------------------------------------------------------------------
    HE-10-029     9.8    14.4     4.6          Massive Titaneferous Magnetite
    ----------------------------------        -------------------------------
    HE-10-029    19.9    32.9      13     75   Massive Titaneferous Magnetite
    ----------------------------------        -------------------------------
    HE-10-029   33.45   43.35     9.9          Massive Titaneferous Magnetite
    -------------------------------------------------------------------------
    HE-10-030           NSV               75
    -------------------------------------------------------------------------
    

These results demonstrate continuity of structure, and assay results will be released when they have been received by the company.

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.

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 ?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 or 1-866-460-0408

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Argex Titanium Inc.

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