Mr. Mazen Alnaimi reports

ARGEX TITANIUM ANNOUNCES RESULTS OF ANNUAL MEETING

Argex Titanium Inc.'s six nominees listed in its management proxy circular dated Aug. 17, 2016, were elected as directors at Argex's annual and special meeting of shareholders held today in Montreal.

At the meeting, a ballot was conducted for the election of directors. According to proxies received and ballots cast, the following individuals were elected as directors of Argex, with the following results shown in the attached table.

Name of nominee     Votes for       %   Votes withheld          %
   
Mazen Alnaimi      36,432,933   99.27          268,354       0.73
Abderraouf Ghali   36,471,633   99.37          229,654       0.63
Mazen Haddad       36,409,497   99.20          291,790       0.80
Steve Hollanda     36,434,967   99.27          266,320       0.73
Florian A. Rais    36,413,497   99.22          287,790       0.78
Lyon Rich          36,536,967   99.55          164,320       0.45

At the annual meeting, Argex's shareholders adopted a resolution approving the issuance by the corporation of: (i) an aggregate of eight million common share purchase warrants to three consultants to the corporation in payment of their respective fees, (ii) 1,120,609 common shares to 7932575 Canada Inc. in payment of its fees, and (iii) two million common share purchase warrants to a director of the corporation in payment of amounts owing to him by the corporation as required by the Toronto Stock Exchange. Shareholders also adopted a resolution approving an issuance by the corporation of 11,666,666 common share purchase warrants and 11,666,666 bonus common share purchase warrants to Mazen Alnaimi, executive chairman and chief executive officer of the corporation, in payment of his annual compensation for the 12-month period from Aug. 1, 2016, to July 31, 2017, as required by the Toronto Stock Exchange.

About Argex Titanium

Argex Titanium has developed an advanced chemical process for the volume production of high-grade titanium dioxide for use in high-quality paint, plastics, cosmetics and other TiO2 applications.