Mr. Roy Bonnell reports

ARGEX REPORTS FISCAL YEAR 2013 RESULTS

Argex Titanium Inc. has filed its financial results for the year ended Dec. 31, 2013. The corporation's financial statements and management's discussion and analysis are available at SEDAR. All dollar amounts are in Canadian dollars unless stated otherwise.

Financial highlights for the year ended Dec. 31, 2013:

• Cash, short-term investments and other investments of the corporation totalled $6.7-million at Dec. 31, 2013.
• The corporation has no debt.
• Cash used in operating activities in 2013 was $9.6-million, which included $3.1-million for the corporation's technical and environmental studies during the year.
• Cash generated from financing activities amounted to $11.8-million for the year ended Dec. 31, 2013. This included two private placements for total gross proceeds of $10-million, as well as the exercise of warrants and options.
• Capital expenditures for the Valleyfield research and development centre and pilot plant operations amounted to $800,000 in 2013.

The corporation reported a net loss of $15.7-million (13 cents per share), which included a $4.7-million (four-cent-per-share) impairment of the corporation's iron ore property, compared with $6.0-million (five cents per share) for the same period in 2012.

"Argex has completed our work on the comprehensive third party engineering report associated with our first proposed TiO2 production facility in Valleyfield, Que.," stated Roy Bonnell, president and chief executive officer. "We are working toward securing financing for this project," Mr. Bonnell continued, "and are in active discussions with potential lenders and investors."

We seek Safe Harbor.