Mr. Roy Bonnell reports

ARGEX APPOINTS LEADER OF TIO2 PIGMENT DEVELOPMENT TEAM

Argex Titanium Inc. has appointed of Peter Waugh to lead its titanium dioxide pigment development. The appointment is effective immediately.

"We are delighted to welcome Peter Waugh to the Argex team. Peter is a veteran in the TiO2 industry and has worked with some of the top producers in the world," stated Roy Bonnell, president and chief executive officer of Argex Titanium. "Peter will lead the development team at our Valleyfield facility, and he will be actively involved in our business as we approach full commercial production."

Mr. Waugh brings over 30 years experience in the mineral and chemical industries to Argex. For more than 20 years, he held senior roles, including that of technical director, with major TiO2 pigment supplier Tioxide, which became Huntsman Pigments, where his work involved the commercial production of pigments and raw materials used in titanium dioxide. A project leader in manufacturing process improvement, Mr. Waugh is an experienced practitioner of Lean Six Sigma, which is widely recognized by businesses around the world to improve operational productivity and competitiveness. During his career, he has taken the lead in a number of global continuous improvement projects in the manufacturing sector. Since 2011 he has provided consultancy services to a range of clients in the TiO2 industry, and his role with Argex further extends such commitments. He holds a degree in mining geology from Imperial College in London, England, and is currently pursuing a master's degree at Durham University Business School.