Mr. Mazen Alnaimi reports

FINAL VALIDATION OF ARGEX TITANIUM'S TI02 FOR COMMERCIAL OPTICAL PROPERTIES TESTS

Argex Titanium Inc. has crossed a final important milestone in the recognition of its Ti02 (titanium dioxide) finished product performance. Following its Oct. 16, 2017, announcement detailing that its Ti02 pigments were meeting the industry-standard physical specifications related to composition, size distribution, and morphology, Argex announced today that its product has been validated for commercial-optical properties tests. EMCO Inortech Inc., an external specialized laboratory, evaluated the Argex product in several paint formulations and the results indicate that its optical properties perform as well or better than standard products accepted by numerous paint producers in the industry.

Three optical properties of this paint test were achieved simultaneously on Argex's Ti02:

• Dispersion -- the product mixes well in several paint types and as a function of its size distribution; large particles do not disperse but settle to the bottom of the paint;
• Masking -- the product used in a standard formulation must mask a black background comparable to a standard reference;
• Tint strength -- the paint sample with the standard recipe for TiO2 content must pass a comparison against paint with the sample TiO2 content of a known commercial material.

"These results prove that the Argex technology successfully produces finished TiO2 for paint and coating applications worldwide. With this in hand, paint producers get the certainty that Argex's product is reliable and can be considered as a solid newcomer in the industry. The confirmation by this external laboratory will facilitate and accelerate discussions with potential clients in order to get their own specific approval," said Mazen Alnaimi, chairman and chief executive officer of Argex Titanium.

A conference call will be held to discuss these results and provide an overview of Argex at 1:30 p.m. ET on Monday, Nov. 27. The dial-in number to participate is 1-800-747-5150 and the participant code is 973 6600. A corporate presentation will be posted prior to the call on Argex's website and on 8020Connect's website.

About Argex Titanium Inc.

Argex Titanium has developed an advanced chemical process for the volume production of high-grade titanium dioxide (TiO2) for use in high-quality paint, plastics, cosmetics and other TiO2 applications. The corporation's unique proprietary process uses relatively inexpensive and plentiful source material from a variety of potential vendors to produce TiO2, along with other valuable byproducts. Argex's process provides a significant cost and environmental advantage over current legacy TiO2 production methods.

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