Argex Mining, CIC Resources and Munksjö AB weigh in on issues affecting the titanium dioxide industry

More insight provided at TiO2 2011 February 14-16, 2011 in Scottsdale, AZ

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

MONTREAL, Jan. 25 /CNW Telbec/ - Argex Mining Inc. ("Argex") (TSX-V: RGX) (FSE: ASV) (OTCBB: ARGEF) — With only a few weeks remaining until IntertechPira's 12th TiO2 conference, Argex Mining, CIC Resources and Munksjö AB provided insights into their presentations and the future of the industry.  TiO2 2011 will be held February 14-16 at the FireSky Resort in Scottsdale, AZ, US and will explore and debate commercial opportunities, market trends and new technical developments in the titanium dioxide industry. 

J David Lowell, President/CEO of CIC Resources Inc, who is currently managing exploration projects in Peru, Paraguay, Chile and Central America focuses on the Parana TiO2 project and the changes this could bring to the TiO2 industry.  "Parana may be a TiO2 industry game changer and by that I meant to say that in an industry with a limited market the production from a new deposit, which is apparently bigger than other TiO2 deposits with higher grade, and lower production costs might result in lowering the world TiO2 price," said Lowell. "This is especially true considering our low cost mineral separation process which produces a very clean concentrate and the abundant, low cost Paraguayan electricity."

Michael A. Dehn, President, CEO & Director for Argex Minerals, with over 18 years of experience in the mining industry, has recently been focusing on titanium, vanadium, iron, cobalt and gold.  Dehn previews Argex's La Blache Deposit and his hopes to "establish relationships with some pigment producers [at IntertechPira's TiO2 conference] so that we can work together on material testing of the TiO2 product from La Blache ore and work towards contracts for Argex's TiO2 product." 

Bernhard Beck, Vice President Procurement for Munksjö AB will discuss with conference attendees Décor Paper.  The recent global economic crisis impacted the Décor Paper industry. "At the "peak" of the crisis, the Decor Paper industry saw a heavy price pressure on paper prices in connection with significant volume losses, resulting in a problematic revenue situation," said Beck. 'During 2010, demand recovered unexpectedly and raw material price increases could be passed on to the market."

TiO2 2011 is chaired by Reg Adams, Chief Executive for Artikol and Dr. James R. Fisher, President and CEO of IBMA Inc.  The keynote presentation will be delivered by Peter O'Sullivan Global Marketing Leader for DuPont Titanium Technologies and will cover the topic of delivering sustainable growth.   Other key speakers include John Elder, President, OUTOTEC USA; Jan Prochazka, Ph. D., President, Advanced Materials-JTJ Inc. and Dr. Stephanie Watson, Research Chemist for the National Institute of Standards and Technology (NIST). 

For complete information on TiO2 2011, visit www.tio2conference.com. To read the full speaker interviews, visit http://www.tio2conference.com/Modules/News/Listing.aspx?contentID=19664.

About IntertechPira

IntertechPira provides events, market research, publications, strategic and technical consulting to niche, emerging and high growth industries. Market coverage includes lighting and displays, alternative energy, home and personal care, industrial biotechnology, performance materials and chemicals. IntertechPira is a division of Pira International. For more information about IntertechPira, please visit www.intertechpira.com.

About Argex Mining Inc.

Argex is a junior titanium, iron, vanadium and magnesium explorer with projects in Québec, Canada.  Headquartered in Montreal, Québec, 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, 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-LookingStatements

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

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ARGEX MINING INC.

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