Mr. Mazen Alnaimi reports

ARGEX TITANIUM ANNOUNCES THE COMPLETION OF THE TMX REVIEW

The Toronto Stock Exchange has completed the listing review of Argex Titanium Inc. and has determined that Argex now meets the TSX's listing requirements. The shares of Argex Titanium will continue to be listed on Canada's senior exchange.

Mazen Alnaimi, executive chairman and chief executive officer of Argex, stated: "We would like to thank the TMX review committee for their thorough and diligent analysis of Argex. We believe that we are well positioned and that we will not only move forward, but will thrive."

Mr. Alnaimi continued: "Over the last two months the Argex engineering team has made considerable progress towards the completion of its TiO2 pigment technology. When we got involved with the company there was still a considerable amount of work to be done on the technology. We have an experienced team in place and we are on track to meet our end-of-the-year deadline to perfect the process at its current scale. This will allow us to aggressively move forward on the development of a full commercial-scale plant. We have our sights set on a global commercial deployment of the Argex technology and the introduction of a novel, more environmentally friendly process in a TiO2 industry estimated at $15- to $18-billion."

We seek Safe Harbor.