Argentex makes final option payment on Pinguino to secure 100% ownership

    VANCOUVER, June 26 /CNW/ - Argentex Mining Corporation (TSX-V: ATX,
OTCBB: AGXM) is pleased to announce that it has made the final option payment
on its silver-zinc-lead-indium-gold Pinguino property to earn 100% interest,
subject to a 2% net smelter return.
    "Completing the final option payment to earn our 100% interest in
Pinguino was a significant milestone for the company," said Ken Hicks,
President of Argentex. "Pinguino is well situated in the mining friendly
province of Santa Cruz, within the productive Deseado Massif region, at an
elevation of only 400 meters above sea level (1,312 feet) and with excellent
access and infrastructure. Argentex plans to capitalize on these advantages
and use our exploration expertise to continue to advance the property towards
    The significant silver-zinc-lead-indium-gold discovery at Pinguino in
2006 marked a major exploration milestone for Argentex. This was the first
discovery of its kind in the region, unique with both silver-gold and
indium-enriched base-metal mineralization in multiple zones that remain
open-ended along strike and to depth.
    Since 2006, exploration of Pinguino's base-metal-rich targets has
expanded beyond discoveries at the Marta Centro and Yvonne zones and now
totals eight mineralized veins, including the Yvonne Sur, Yvonne Norte, Sonia,
Kasia, Savary and Luna veins. The veins are contained in an area measuring
approximately 8.0 square kilometers (3.0 square miles).


    Argentex Mining Corporation is a junior mining exploration company with
significant holdings in the Patagonia region of Argentina. It holds 100%
mineral rights to the polymetallic Pinguino property and more than 30
additional properties, covering a total of 377,490+ acres (152,766+ hectares)
of prospective land in Santa Cruz and Rio Negro, Argentina. Shares of Argentex
common stock trade under the symbol AGXM on the OTCBB and, beginning July 28,
2008, will trade on the TSX Venture Exchange under the symbol ATX.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this news release.

    Statements in this news release that are not historical facts are
forward-looking statements that are subject to risks and uncertainties. Words
such as "expects", "intends", "plans", "may", "could", "should",
"anticipates", "likely", "believes" and words of similar import also identify
forward-looking statements. Forward-looking statements are based on current
facts and analysis and on forecasts of future results, estimates of amounts
not yet determined and assumptions of management. Forward-looking statements
in this news release include statements about the Company's belief that to
capitalize on these advantages and use our exploration expertise to continue
to advance the property towards production. Actual results may differ
materially from those currently anticipated due to a number of factors beyond
the Company's control. These risks and uncertainties include, among other
things, competition for qualified personnel and risks that are inherent in the
Company's operations including the risk that the Company may not find any
minerals in commercially feasible quantity. These and other risks are
described in the Company's Annual Report on Form 10-K and other filings with
the Securities and Exchange Commission.

For further information:

For further information: Ken Hicks, President, Argentex Mining
Corporation, 1-866-594-7687,

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