Mr. Mazen Alnaimi reports

ARGEX TITANIUM ANNOUNCES PRIVATE PLACEMENT

Argex Titanium Inc. has received conditional approval from the Toronto Stock Exchange for a private placement of a maximum of 20 million hard-dollar units (HD units) and a maximum of 10 million flow-through units (FT units) at a price of five cents per unit, for maximum gross proceeds to Argex of $1.5-million. Argex expects that a first closing of the private placement will take place on or about Dec. 15, 2017.

Each of the HD units will comprise one common share and one common share purchase warrant while each of the FT units will comprise one flow-through common share and one-half common share purchase warrant. Each full warrant will entitle its holder to acquire one additional Argex common share at a price of six cents for a period of 24 months.

Argex will use the proceeds from the sale of the FT units for exploration on its Lac Brule iron-titanium (Fe-Ti) property in Quebec and the net proceeds from the sale of the HD units for working capital.

The units are being offered to accredited investors in some or all of the provinces of Canada and in other jurisdictions, if any, determined by Argex.

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.

We seek Safe Harbor.