Argex announces Robert Guilbault as Chairman of the Board

MONTREAL, July 12, 2011 /CNW/ --
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/

MONTREAL, July 12, 2011 /CNW Telbec/ - Argex Mining Inc. (Argex) (TSXV: RGX) (FSE: ASV) (OTCBB: ARGEF) announced today the appointment of Robert Guilbault, the former
President and Chief Executive Officer of Aluminerie Allouette Inc. as
Chairman of its Board of Directors.

'Robert brings a wealth of experience at the most senior level of
operations,' commented Roy Bonnell, President and CEO of Argex. 'As we
transition from a geologically-led exploration company to an emerging
producer, Robert's presence in the company's most senior leadership
role will be a great value-added for Argex.'

'The appointment of Robert to the position of Chairman of the Board is
also recognition of his increased role and influence in Argex's
strategic direction. We are laying the foundations for a
production-focused company' Mr. Bonnell added, 'Robert's experience and
leadership is fundamental to this goal.'

Robert Guilbault was President and Chief Executive Officer of Aluminerie
Allouette Inc. (operator of the world's 5(th) largest aluminum smelter located at Sept-Iles on Quebec's North Shore).
He previously managed BHP Billiton's Hillside Aluminum at Richards Bay,
South Africa. He is a graduate of École Polytechnique, Université de
Montréal.

About Argex Mining Inc.

ARGEX MINING INC. is transitioning from a titanium, iron and vanadium
explorer to a development company with projects in Quebec, Canada. The
Company is committed to its strategic plan of rapidly advancing towards
profitable production at its 100% owned La Blache deposits located near
Baie-Comeau, Quebec. For additional information please visit our
website at www.argex.ca. 

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.

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Roy Bonnell, President and Chief Executive Officer
Argex Mining Inc.
514-788-8923
roy@argex.ca

or

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