ARGEX INCREASES MOUCHALAGANE PROPERTY BY STAKING

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

  • The property has increased in size by 127% in order to cover additional iron formation
  • This is first consolidation of the iron formations in the Mouchalagane property by one company

MONTREAL, Jan. 25 /CNW Telbec/ - Argex Mining Inc. (Argex) (TSX-V: RGX) (FSE: ASV) (OTCBB: ARGEF) has increased the size of the Mouchalagane property by staking from 101 km2 to 230 km2. This staking was completed in conjunction with the recently reported airborne geophysical survey that identified a 40km long magnetic anomaly that corresponds with iron formations that has previously been mapped and from drilling on the property (press release dated January 24, 2011).

The staking by Argex is the first time the area has been consolidated into one large property package. The more than 4 gigabytes of historic data that is publically available from the MNRQ (Quebec Ministry of Natural Resources) greatly aids planning future work for the project.

Argex continues to review the results of the recently completed airborne geophysical survey and will announce its future plans for the property shortly.

An updated map showing the claims and the geophysics will be available at www.argex.ca shortly.

The staking was completed by Consul-Teck Exploration Inc., of Val d'or, Québec.

Jean-Sébastien Lavallée, P.Geo (OGQ #773), Consul-Teck Exploration Inc., of Val d'or, Québec, Argex's Silver Capital Inc. consulting geologist and qualified person since 2007, has reviewed and approved this release.

About Argex Mining Inc.

Argex is a junior titanium, iron, vanadium and magnesium explorer with projects in Québec, Canada.  Headquartered in Montreal, Québec with plans to rapidly advance towards titanium production at the 100%-owned La Blache deposit located near Baie-Comeau, Québec.  Argex also owns 100% of the Mouchalagane Iron Ore project, 380 kilometres north of Baie-Comeau, Québec and of the same type of deposit as ore bodies currently being mined by Québec Cartier Mining's (Arcelor Mittal) Fire Lake Mine and Consolidated Thompson's Bloom Lake Mine.  Recently, Argex expanded its land holdings near Baie-Comeau, Québec surrounding Consolidated Thompson's Lac Brûlé Titanium-Iron-Vanadium deposit.  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 MINING INC.

For further information:

Michael Dehn, President and CEO
Argex Mining Inc.
647-477-2382
michael@argex.ca

Or

Paradox Public Relations at 514-341-0408 or 1-866-460-0408

Profil de l'entreprise

ARGEX MINING INC.

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