Argex reports additional intersections of massive titaniferous magnetite from
East Hervieux

    
    - 39 additional holes completed at East Hervieux Occurrence
    - 69 holes now completed on East Hervieux since April 2010
    - Massive Titaniferous Magnetite mineralization has been identified in
      drill core to a down hole depth of 287.85m in hole HE-10-067, 294m in
      hole HE-10-065 and 297.5m in HE-10-064
    - Massive Titaniferous Magnetite mineralization identified in large
      outcrops on surface and to a vertical depth of 656 feet (200m) below
      surface in drill core
    - Drilling continues at East Hervieux
    

MONTREAL, June 14 /CNW Telbec/ - Argex Silver Capital Inc. TSX-V:RGX Argex or the Company is pleased to report additional drilling at the La Blache property, East Hervieux occurrence. To date, 69 holes have been completed on the East Hervieux Occurrence. This drilling has better defined the geometry and potential size of the East Hervieux Occurrence. The strike length of massive titaniferous magnetite at the East Hervieux occurrence has been identified over a strike length of more than 1000m.

Large massive titaniferous magnetite outcrops have been identified on the East Hervieux west occurrence. Additionally, several drill holes have collared in bedrock consisting of massive titaniferous magnetite (HE-10-032, HE-10-035, HE-10-036, HE-10-040 and hole HE-10-054).

Deeper drill holes have also intersected significant widths of massive titaniferous magnetite including 52.35m (174.7 feet) from 245.15m to 297.5m in hole HE-10-064, 36.25m (118.9 feet) from 257.75m to 294m in hole HE-10-065, and 23.15m (76 feet) from 264.7m to 287.85m in hole HE-10-067. The intersection in hole HE-10-064 from 245.15m to 297.5m demonstrates the zone is still mineralized to a vertical depth of 200m (656 feet).

The thickest drill intersections along the length of the core in this reported drilling is 62.4m (204.7 feet) from 74.3m to 136.7m in hole HE-10-062, 60.2m (197.5 feet) from 47.3m to 107.5m in holes HE-10-063 and 61.3m (201.1 feet) from 50.7m to 112m in hole HE-10-048.

The wide intersections and continuity to depth is very encouraging. Additional wide step out drill holes will be completed at East Hervieux in the coming weeks to test the potential stike extension of mineralization as well as additional high magnetic targets.

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
                               along    Hole                      Description
                                core  length               of the mineralized
    HOLE No.   From        To     (m)    (m)                     intersection
    -------------------------------------------------------------------------
    HE-10-031    11.5    53.5     42     75    Massive Titaniferous Magnetite
    ------------------------------------------------------------------------
    HE-10-032     5.5    48.5     43     81    Massive Titaniferous Magnetite
    -------------------------------------------------------------------------
    HE-10-033   59.25   102.4  43.15    120    Massive Titaniferous Magnetite
    -------------------------------------------------------------------------
    HE-10-034             NSV            81
    -------------------------------------------------------------------------
    HE-10-035     6.7    27.7     21     75    Massive Titaniferous Magnetite
    -------------------------------------------------------------------------
    HE-10-036     5.3    58.5   53.2     75    Massive Titaniferous Magnetite
    -------------------------------------------------------------------------
    HE-10-037            NSV             36
    -------------------------------------------------------------------------
    HE-10-038    30.4   80.25  49.85   99.8    Massive Titaniferous Magnetite
    -------------------------------------------------------------------------
    HE-10-039    20.7    40.4   19.7     75    Massive Titaniferous Magnetite
    -------------------------------------------------------------------------
    HE-10-040     5.2    17.6   12.4     81    Massive Titaniferous Magnetite
    -------------------------------------------------------------------------
    HE-10-041  114.45  120.75    6.3           Massive Titaniferous Magnetite
    ----------------------------------  134   -------------------------------
    HE-10-041  132.85     134   1.15           Massive Titaniferous Magnetite
    -------------------------------------------------------------------------
    HE-10-042   103.5   112.3    8.8    138    Massive Titaniferous Magnetite
    -------------------------------------------------------------------------
    HE-10-043    77.8    82.6    4.8    150    Massive Titaniferous Magnetite
    -------------------------------------------------------------------------
    HE-10-044    96.9   100.2    3.3    150    Massive Titaniferous Magnetite
    -------------------------------------------------------------------------
    HE-10-045    94.8      99    4.2    140    Massive Titaniferous Magnetite
    -------------------------------------------------------------------------
    HE-10-046             NSV           150    Massive Titaniferous Magnetite
    -------------------------------------------------------------------------
    HE-10-047    12.3    58.5   46.2    111    Massive Titaniferous Magnetite
    -------------------------------------------------------------------------
    HE-10-048    50.7     112   61.3    156    Massive Titaniferous Magnetite
    -------------------------------------------------------------------------
    HE-10-049    32.6   71.35  38.75     84    Massive Titaniferous Magnetite
    -------------------------------------------------------------------------
    HE-10-050   13.55    43.6  30.05           Massive Titaniferous Magnetite
    ----------------------------------   96   -------------------------------
    HE-10-050    73.2   80.55   7.35           Massive Titaniferous Magnetite
    -------------------------------------------------------------------------
    HE-10-051    10.3    13.8    3.5     69    Massive Titaniferous Magnetite
    -------------------------------------------------------------------------
    HE-10-052   50.15    51.7   1.55     99    Massive Titaniferous Magnetite
    -------------------------------------------------------------------------
    HE-10-053    97.4  102.05   4.65           Massive Titaniferous Magnetite
    ----------------------------------  147   -------------------------------
    HE-10-053   115.5   118.1    2.6           Massive Titaniferous Magnetite
    -------------------------------------------------------------------------
    HE-10-054       6    6.65   0.65    150    Massive Titaniferous Magnetite
    -------------------------------------------------------------------------
    HE-10-055   155.4   180.1   24.7           Massive Titaniferous Magnetite
    ----------------------------------        -------------------------------
    HE-10-055   185.9   192.9      7           Massive Titaniferous Magnetite
    ----------------------------------  227   -------------------------------
    HE-10-055  194.25  201.75    7.5           Massive Titaniferous Magnetite
    ----------------------------------        -------------------------------
    HE-10-055   204.2  207.55   3.35           Massive Titaniferous Magnetite
    -------------------------------------------------------------------------
    HE-10-056    92.7   127.3   34.6           Massive Titaniferous Magnetite
    ----------------------------------  201   -------------------------------
    HE-10-056   136.7   160.7     24           Massive Titaniferous Magnetite
    -------------------------------------------------------------------------
    HE-10-057   193.7   226.3   32.6           Massive Titaniferous Magnetite
    ----------------------------------        -------------------------------
    HE-10-057   229.7   237.9    8.2    272    Massive Titaniferous Magnetite
    ----------------------------------        -------------------------------
    HE-10-057     241     243      2           Massive Titaniferous Magnetite
    -------------------------------------------------------------------------
    HE-10-058  157.35     161   3.65           Massive Titaniferous Magnetite
    ----------------------------------  201   -------------------------------
    HE-10-058   164.2   187.3   23.1           Massive Titaniferous Magnetite
    -------------------------------------------------------------------------
    HE-10-059     128   142.1   14.1           Massive Titaniferous Magnetite
    ----------------------------------  186   -------------------------------
    HE-10-059   152.8   160.3    7.5           Massive Titaniferous Magnetite
    -------------------------------------------------------------------------
    HE-10-060   168.7   206.8   38.1    225    Massive Titaniferous Magnetite
    -------------------------------------------------------------------------
    HE-10-061  101.25  101.65    0.4    177    Massive Titaniferous Magnetite
    -------------------------------------------------------------------------
    HE-10-062    74.3   136.7   62.4    159    Massive Titaniferous Magnetite
    -------------------------------------------------------------------------
    HE-10-063    47.3   107.5   60.2    135    Massive Titaniferous Magnetite
    -------------------------------------------------------------------------
    HE-10-064  245.15   297.5  52.35    315    Massive Titaniferous Magnetite
    -------------------------------------------------------------------------
    HE-10-065  257.75     294  36.25    315    Massive Titaniferous Magnetite
    -------------------------------------------------------------------------
    HE-10-066   201.9   205.4    3.5    225    Massive Titaniferous Magnetite
    -------------------------------------------------------------------------
    HE-10-067   233.2     249   15.8           Massive Titaniferous Magnetite
    ----------------------------------        -------------------------------
    HE-10-067   253.9   259.9      6    297    Massive Titaniferous Magnetite
    ----------------------------------        -------------------------------
    HE-10-067   264.7  287.85  23.15           Massive Titaniferous Magnetite
    -------------------------------------------------------------------------
    HE-10-068     163  195.95  32.95    216    Massive Titaniferous Magnetite
    -------------------------------------------------------------------------
    HE-10-069   166.3   187.3     21    210    Massive Titaniferous Magnetite
    -------------------------------------------------------------------------
    

These results further demonstrate the continuity of structure and mineralization along strike and to depth. 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-Sébastien Lavallée, P.Geo (OGQ (NUMBER SIGN)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 Consul-Teck Exploration Inc. Chemex is the laboratory used for analysis of all samples from programs on the La Blache 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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Argex Titanium Inc.

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