Argex completes airborne geophysics at Lac Lablache

MONTREAL , Feb. 2 /CNW Telbec/ - Argex Silver Capital Inc. (TSX-V:RGX) reports that it has completed an airborne geophysical survey of its titanium, vanadium and iron ore properties in the Lac Lablache region on the North Shore of Quebec .

A total of 418.5 kilometers was covered in this survey, comprising all of the Company's claims in this region. The combined survey consisted of Magnetic, Electromagnetic and gamma-ray spectrometric surveys. This information will be integrated into the upcoming drilling campaign in the Lac Lablache area.

This press release was reviewed and approved by Jean-Sébastien Lavallée, P.Geo, Vice-Président Exploration, Consul-Teck Exploration Inc., of Val d'or, Québec, Argex's Silver Capital Inc. consulting geologist. The survey was completed by Geophysics GPR International Inc. a pioneer in applied geophysics in Canada , of Longueuil, Quebec .

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.

For further information: Roy Bonnell, VP Business Development, Argex Silver Capital Inc, [phone], [email protected]