Argex Titanium Holds Second Closing of Private Placement

Not for distribution to United States newswire services or for dissemination in the United States

MONTREAL, Québec (March 16, 2017) – Argex Titanium (TSX: RGX) (“Argex”) is pleased to announce that it has held a second closing of its previously-announced private placement at which it issued an aggregate of 3,929,037 units to arm’s-length “accredited investors” at a price of $0.054 per unit, for gross proceeds to Argex of $212,168. Argex has now issued a total of 32,722,237 units in the private placement for aggregate gross proceeds of $1,767,000. Each of the units is comprised of one common share and one-quarter of a common share purchase warrant; each full warrant entitles its holder to acquire one additional Argex common share at a price of $0.12 for a period of 18 months. In the event that the closing price of Argex’s common shares on the Toronto Stock Exchange is at least $0.15 for a period of not less than 20 consecutive trading days, the warrants will expire, at the sole discretion of Argex, on the 30th day after the date on which Argex sends a notice in prescribed form to the holders of the warrants. The securities issued at the second closing are subject to a four-month “hold period” under applicable securities regulations.

Argex will use the net proceeds from the private placement to complete detailed engineering for its titanium dioxide project, to compile data for a bankable report, and for working capital.

At the second closing, Argex also issued an aggregate of 138,900 “broker warrants” to a securities dealer, representing an amount equal to 6% of the number of units sold through such dealer. Each of the “broker warrants” entitles the holder to purchase one additional unit, comprised of one common share and one-quarter of a common share purchase warrant, at a price of $0.07 for a period of 18 months.

Argex expects to hold additional closings of the private placement, subject to an aggregate maximum of $4 million (74,074,074 units). Any additional closing will be subject to shareholder approval under the policies of the Toronto Stock Exchange. In that regard, Argex has called a special meeting of shareholders, to be held in Montreal, Québec in April 2017, and expects to distribute a management information circular to shareholders shortly.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, and these securities will not be offered or sold in any jurisdiction in which their offer or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or any state securities laws of the United States. Accordingly, these securities will not be offered or sold to persons within the United States unless an exemption from the registration requirements of the 1933 Act and applicable state securities laws is available.

About Argex Titanium

Argex Titanium Inc. 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 applications.  The Corporation’s unique proprietary process takes relatively inexpensive and plentiful source material from a variety of potential vendors, and produces TiO2 along with other valuable by-products. Argex’s process provides a significant cost and environmental advantage over current legacy TiO2 production methods.

CONTACT INFORMATION:

Ross Corcoran
Chief Financial Officer
Argex Titanium Inc.
1-450-902-4864
Ross.Corcoran@argex.ca

This news release contains statements that may constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking information and statements may include, among others, statements regarding future plans, costs, objectives or performance of Argex, or the assumptions underlying any of the foregoing. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” “target” and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Argex will derive. Forward-looking statements and information are based on information available at the time and/or management’s good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond Argex’s control. These risks, uncertainties and assumptions include, but are not limited to, those described under “Risk Factors” in Argex’s Annual Information Form for the fiscal year ended December 31, 2015, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements. Argex does not intend, nor does Argex undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.

Argex Titanium Holds First Closing of Private Placement for $1,554,832

MONTREAL, Québec (February 28, 2017) – Argex Titanium (TSX: RGX) is pleased to announce that it has held a first closing of a private placement at which it issued an aggregate of 28,793,200 units to arm’s-length “accredited investors” at a price of $0.054 per unit, for gross proceeds to Argex of $1,554,832.  Each of the units is comprised of one common share and one-quarter of a common share purchase warrant; each full warrant entitles its holder to acquire one additional Argex common share at a price of $0.12 for a period of 18 months.  In the event that the closing price of Argex’s common shares on the Toronto Stock Exchange is at least $0.15 for a period of not less than 20 consecutive trading days, the warrants will expire, at the sole discretion of Argex, on the 30th day after the date on which Argex sends a notice in prescribed form to the holders of the warrants.

Argex will use the net proceeds from the private placement to complete detailed engineering for its titanium dioxide project, to compile data for a bankable report, and for working capital.

“This financing will enable our engineering team to collect enough Front-End Loading (FEL) data to solidify negotiations with potential licensing and project financiers, which are already well underway,” stated Mazen Alnaimi, Argex’s Chairman and CEO.  “Discussions with potential partners and financiers have been underway for some months and to date have been positive.  It is management’s objective to license our technology and to secure non-dilutive project financing for Argex’s first full-scale production plant.”

At the first closing, Argex also issued an aggregate of 819,922 “broker warrants” to various securities dealers, representing an amount equal to 6% of the number of units sold through such dealers.  Each of the “broker warrants” entitles the holder to purchase one additional unit, comprised of one common share and one-quarter of a common share purchase warrant, at a price of $0.07 for a period of 18 months.

Argex expects to hold additional closings of the private placement, subject to an aggregate maximum of $4 million (74,074,074 units).  Any closing for an aggregate amount greater than approximately $1,767,000 will be subject to shareholder approval under the policies of the Toronto Stock Exchange.  In that regard, Argex has called a special meeting of shareholders, to be held in Montreal, Québec in early April 2017, and expects to distribute a management information circular to shareholders shortly.  The securities issued at the first closing are subject to a four-month “hold period” under applicable securities regulations.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, and these securities will not be offered or sold in any jurisdiction in which their offer or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), or any state securities laws of the United States. Accordingly, these securities will not be offered or sold to persons within the United States unless an exemption from the registration requirements of the 1933 Act and applicable state securities laws is available.

About Argex Titanium

Argex Titanium Inc. 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 applications.  The Corporation’s unique proprietary process takes relatively inexpensive and plentiful source material from a variety of potential vendors, and produces TiO2 along with other valuable by-products. Argex’s process provides a significant cost and environmental advantage over current legacy TiO2 production methods.

CONTACT INFORMATION:

Ross Corcoran
Chief Financial Officer
Argex Titanium Inc.
1-450-902-4864
Ross.Corcoran@argex.ca

This news release contains statements that may constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking information and statements may include, among others, statements regarding future plans, costs, objectives or performance of Argex, or the assumptions underlying any of the foregoing. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” “target” and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Argex will derive. Forward-looking statements and information are based on information available at the time and/or management’s good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond Argex’s control. These risks, uncertainties and assumptions include, but are not limited to, those described under “Risk Factors” in Argex’s Annual Information Form for the fiscal year ended December 31, 2015, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements. Argex does not intend, nor does Argex undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent in

Argex Titanium Appoints James P. Berresse as a Director

MONTREAL, Québec (January 16, 2017) – Argex Titanium Inc. (TSX: RGX) (“Argex” or the “Corporation”) is pleased to announce the appointment of James P. Berresse as a director of the Corporation.

James P. Berresse is a seasoned businessman with a background in mergers and acquisitions, divestitures, start-up operations and finance. Over the course of his career, he has shown leadership in developing and executing strategic initiatives, building strong customer and supplier relationships and motivating employees to achieve win-win stakeholder objectives. Mr. Berresse has a strong track record, having successfully led a large, diverse, global organization to record levels of revenue and consistent profitability and taken a start-up company to significant levels of revenue and profitability within a five-year timeframe.

Mr. Berresse has been President and Chief Executive Officer of Eastland Tire, a Georgia, US-based start-up, since 2007, where his mandate covered all aspects of running a newly formed business, including staffing, securing and servicing customers, negotiating contracts and managing relationships with product suppliers. In less than six years, he succeeded in growing the company’s revenues from zero to US $60 million annually and net income to US $10 million annually.

Before joining Eastland Tire, Mr. Berresse was with Phelps Dodge Corporation for some 12 years, working for various entities within the corporation, at increasing levels of responsibility. Most recently, he was President and Chief Executive Officer of Columbian Chemicals Company, a wholly owned subsidiary and leading manufacturer of carbon black, an engineered material that improves the strength, durability and overall performance of a range of products.

Mr. Berresse has a Bachelor of Science (Finance) degree from Arizona State University and over three decades of senior management experience in finance and manufacturing.

“We are delighted to welcome Jim to the Board of Argex,” said Mazen Alnaimi, Chairman of the Board and CEO of Argex. “His exceptional financial expertise and manufacturing sector experience will be valuable assets for the rest of the team as we prepare to enter a new stage in the Corporation’s development.”

About Argex Titanium

Argex Titanium Inc. 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 applications.  The Corporation’s unique proprietary process takes relatively inexpensive and plentiful source material from a variety of potential vendors, and produces TiO2 along with other valuable by-products. Argex’s process provides a significant cost and environmental advantage over current legacy TiO2 production methods.

CONTACT INFORMATION:

Nicole Blanchard
Corporate Communications and Investor Relations
Argex Titanium
(514) 843-5959
nblanchard@argex.ca

This news release contains statements that may constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking information and statements may include, among others, statements regarding future plans, costs, objectives or performance of Argex, or the assumptions underlying any of the foregoing. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” “target” and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Argex will derive. Forward-looking statements and information are based on information available at the time and/or management’s good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond Argex’s control. These risks, uncertainties and assumptions include, but are not limited to, those described under “Risk Factors” in Argex’s Annual Information Form for the fiscal year ended December 31, 2015, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements. Argex does not intend, nor does Argex undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.

Argex Titanium Provides Lab and Corporate Update

Appoints Ross Corcoran as Chief Financial Officer

MONTREAL, Québec (January 9, 2017) – Argex Titanium (TSX: RGX) – Argex Titanium Inc. (TSX: RGX) (the “Company” or “Argex”) is pleased to provide an update on its activities at the laboratory in Valleyfield, Quebec.

“We are finalizing most of the internal performance tests on our commercial samples of TiO2 product, which we believe meets and/or exceeds PPG Standards and we will have it certified” said Carroll Moore, Chief Operating Officer of Argex Titanium.  “We have also now started the data package for a Basic Engineering Design which we expect to complete in about two months. This will be fed on to a Pro-2 simulation which will produce a heat and material balance and confirm that Argex’s operating costs will be the lowest in the industry,” he added.

“There have been a number of price increases for TiO2 leading to an estimated US$3,400 per tonne, a 36% increase over the last 12 months. This significantly improves the economics of our proposed demonstration plant and ultimately of our first commercial plant,” said Mazen Alnaimi, Executive Chairman and CEO of Argex Titanium.

Corporate Change

The Company has appointed Ross Corcoran as Chief Financial Officer.  Mr. Corcoran replaces Shaun Parmar as Chief Financial Officer of Argex, following Mr. Parmar’s recent resignation.  Argex wishes to thank Shaun Parmar for his contribution to the Company.

Ross Corcoran was most recently Vice-President, Finance and Administration and Chief Financial Officer of Bantam Restaurant Group LLP, a position he held from 2014.  Prior thereto, Mr. Corcoran was from 2009 to December 2012 Vice-President, Finance and Chief Financial Officer of Global Railway Industries Ltd., a company listed on the Toronto Stock Exchange.  Mr. Corcoran has also held positions with Datamark Systems Inc. (consultant), My Virtual Model Inc. (Vice-President, Finance and Chief Financial Officer) and Hydro Québec International Inc. (Director, Project Finance and Senior Manager/International Investments).  Mr. Corcoran holds an MBA degree and a Bachelor of Commerce degree (Accounting and Finance), both from McGill University in Montreal.  He is on the board of the Quebec chapter of FEI Canada, an all-industry professional association for senior financial executives.

About Argex Titanium

Argex Titanium Inc. 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 applications.  The Corporation’s unique proprietary process takes relatively inexpensive and plentiful source material from a variety of potential vendors, and produces TiO2 along with other valuable by-products. Argex’s process provides a significant cost and environmental advantage over current legacy TiO2 production methods.

CONTACT INFORMATION:

Nicole Blanchard
Corporate Communications and Investor Relations
Argex Titanium
(514) 843-5959
nblanchard@argex.ca

This news release contains statements that may constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking information and statements may include, among others, statements regarding future plans, costs, objectives or performance of Argex, or the assumptions underlying any of the foregoing. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” “target” and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Argex will derive. Forward-looking statements and information are based on information available at the time and/or management’s good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond Argex’s control. These risks, uncertainties and assumptions include, but are not limited to, those described under “Risk Factors” in Argex’s Annual Information Form for the fiscal year ended December 31, 2015, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements. Argex does not intend, nor does Argex undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.

Argex Titanium Achieves Consistent Commercial Grade Samples Opening Door to the Engineering Design Phase

MONTREAL, Québec (November 9, 2016) – Argex Titanium (TSX: RGX) (The “Corporation” or “Argex“) is pleased to announce that its engineering team has not only successfully improved its Titanium Dioxide (TiO2) processing technology, but delivered consistency in a repeatable process for the production of commercial quality, titanium dioxide.

Over a three month period, Argex’s new engineering team significantly improved the technology and outcomes compared to past efforts. The team successfully lowered energy consumption by approximately 50% (natural gas is the largest cost of the process), which means smaller equipment could be utilized.

Of great importance is that the recent improvements delivered consistent morphology (spherical shape) and particle size. Shape and particle size consistency are critical to delivering commercial grade TiO2 to manufacturers of products such as paint and cosmetics. This underpins the past and current relationships with PPG Industries and Helm AG.

In management’s view, the completion of this major milestone is expected to not only have a dramatic and positive impact on lowering the cost of constructing its first production plant, but also expedite the production ramp-up phase.

These breakthroughs further enhance the belief that Argex’s technology has significant advantages over competitors due to the estimated low per tonne production cost.

Another key point to note is that these breakthroughs were achieved in just three months and at a fraction of the cost compared to previous estimates of $4 million and 12 months, using an outside engineering firm. Current management accomplished this milestone using unique and novel engineered solutions.

Argex’s President & CEO, Mazen Alnaimi said, “This indeed is a significant milestone for Argex, I would like to thank our engineering team for their dedication, which literally meant working through every evening and weekend since August. Today’s announcement derisks the process significantly and ends the experimental phase of the project. We have now entered the engineering and design phase, and because of this milestone we have eliminated a number of variables and we have ultimately dramatically lowered the cost of capital, which will be required for the construction of our first commercial scale plant.”

The Corporation will now devote its time to complete the design database, which is expected to take two months, at which time the company expects to begin the basic design for 25,000 tonnes per year commercial plant. In the meantime Argex will continue to produce samples of final product for evaluation by potential customers.

About Argex Titanium

Argex Titanium Inc. 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 applications.  The Corporation’s unique proprietary process takes relatively inexpensive and plentiful source material from a variety of potential vendors, and produces TiO2 along with other valuable by-products. Argex’s process provides a significant cost and environmental advantage over current legacy TiO2 production methods.

CONTACT INFORMATION:

Nicole Blanchard
Corporate Communications and Investor Relations
Argex Titanium
(514) 843-5959
nblanchard@argex.ca

This news release contains statements that may constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking information and statements may include, among others, statements regarding future plans, costs, objectives or performance of Argex, or the assumptions underlying any of the foregoing. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” “target” and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Argex will derive. Forward-looking statements and information are based on information available at the time and/or management’s good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond Argex’s control. These risks, uncertainties and assumptions include, but are not limited to, those described under “Risk Factors” in Argex’s Annual Information Form for the fiscal year ended December 31, 2015, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements. Argex does not intend, nor does Argex undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.

Abderraouf Ghali Acquires Shares and Warrants of Argex Titanium

MONTREAL, Québec (October 7, 2016) – Abderraouf Ghali announces that on September 16, 2016 and September 21, 2016, he acquired, directly or indirectly, 1,120,609 common shares (the “Shares”) of Argex Titanium Inc. (TSX: RGX) (the “Corporation” or “Argex”) at a deemed price of $0.0789 per Share, for an amount of $88,416.09, and 5,000,000 common share purchase warrants of Argex (the “Warrants”) at a deemed price of $0.03 per Warrant, for an amount of $150,000.  The Shares and Warrants were issued in a prospectus-exempt transaction for the settlement of debt owing to 7932375 Canada Inc. (“7932375”), a company controlled by Mr. Ghali, by Argex in the amounts of $88,416.09 and $150,000, respectively (the “Transaction”).  The Transaction was approved by Argex’s shareholders at an annual and special meeting held on September 15, 2016 and is described in Argex’s management information circular dated August 17, 2016, a copy of which is available on SEDAR under Argex’s profile.

Each Warrant entitles the holder thereof to acquire one common share of the Corporation at a price of $0.08 per share until September 16, 2021.

Immediately prior to the closing of the Transaction, Mr. Ghali held, directly or indirectly, 163.083 secured convertible notes of the Corporation in an amount of $163,083 (the “Notes”), convertible into a total of 5,436,045 Shares and 4,620,630 Warrants, as well as 7,456,667 additional Warrants.  Each of the Warrants entitles the holder to acquire one additional Share.  Assuming the conversion and exercise of all Notes and Warrants held by Mr. Ghali prior to the closing of the Transaction, he would have owned 17,513,342 common shares, representing 9.32% of the Corporation’s shares that would then be issued and outstanding.

Immediately following the closing of the Transaction, Mr. Ghali holds, directly or indirectly, 1,120,609 Shares, representing 0.65% of the issued and outstanding common shares of the Corporation on September 21, 2016, 163.083 Notes in an amount of $163,083, convertible into a total of 5,436,045 Shares and 4,620,630 Warrants, as well as 12,456,667 Warrants.  Each of the Warrants entitles the holder to acquire one additional Share.  Assuming the conversion and exercise of all Notes and Warrants held by Mr. Ghali, he would own 23,633,951 common shares, representing 12.09% of the Corporation’s shares that would then be issued and outstanding.

Mr. Ghali acquired ownership of the Shares and Warrants in connection with the settlement of debt owing to 7932375 by Argex in the amounts of $88,416.09 and $150,000, respectively.

In accordance with applicable securities laws, Mr. Ghali may, from time to time and at any time, acquire additional Shares and/or other equity, debt or other securities or instruments (collectively, “Securities”) of the Corporation in the open market or otherwise, and he reserves the right to dispose of any or all of his Securities in the open market or otherwise at any time and from time to time, and to engage in similar transactions with respect to the Securities, the whole depending on market conditions, the business and prospects of the Corporation and other relevant factors.

A copy of an early warning report filed by Mr. Ghali in connection with the Transaction is available on SEDAR under the Corporation’s profile.  This news release is issued under the early warning provisions of Canadian securities legislation.

To obtain a copy of the early warning report filed by Abderraouf Ghali, please contact:

Nicole Blanchard
Corporate Communications and Investor Relations
Argex Titanium
(514) 843-5959
nblanchard@argex.ca

Mazen Alnaimi Acquires Warrants of Argex Titanium

MONTREAL, Québec (October 7, 2016) – Mazen Alnaimi, Executive Chairman and Chief Executive Officer of Argex Titanium Inc. (TSX: RGX) (the “Corporation” or “Argex”), announces that on October 5, 2016, he acquired an aggregate of 14,583,332 common share purchase warrants of Argex (collectively, the “Warrants”) issued by Argex, comprised of 2,916,666 “CEO Compensation Warrants” in payment of an amount of $87,500, representing 25% of Mr. Alnaimi’s base compensation of $350,0000 for the period from August 1, 2016 to July 31, 2017, and of 11,666,666 “Bonus Warrants”, the exercise of which is conditional upon the achievement by Argex of certain milestones relating to the progress of the Corporation’s titanium dioxide project (the “Transaction”).  The Transaction was approved by Argex’s shareholders at an annual and special meeting held on September 15, 2016 and is described in Argex’s management information circular dated August 17, 2016, a copy of which is available on SEDAR under Argex’s profile.

Each Warrant entitles the holder thereof to acquire one common share of the Corporation at a price of $0.08 per share until September 21, 2021.  Assuming the exercise of all Warrants, the 14,583,332 common shares issuable upon the exercise thereof would represent 7.7% of Argex’s shares that would then be issued and outstanding.

Immediately prior of the Transaction, Mr. Alnaimi held, directly or indirectly, 1,200 secured notes in an aggregate dollar amount of $1,200,000 (the “Notes”), convertible into a total of 39,999,600 common shares and 33,999,600 Warrants, and an option in respect of 6,000,000 common shares (the “Option”).  Each of the Notes is convertible at the option of the holder into 33,333 common shares and 28,333 Warrants.  Each of the Warrants entitles the holder to acquire one additional common share at a price of $0.05 over a five-year term.  Assuming the conversion and exercise of all Notes and Warrants and the Option held by Mr. Alnaimi prior to the closing of the Transaction, he would have owned 79,999,200 common shares, representing 31.49% of Argex’s shares that would have then been issued and outstanding.

Immediately following the closing of the Transaction, Mr. Alnaimi holds, directly or indirectly, 1,200 Notes, convertible into a total of 39,999,600 common shares and 33,999,600 Warrants, 14,583,332 Warrants and the Option in respect of 6,000,000 common shares.  Assuming the conversion and exercise of all Notes and Warrants and the Option held by Mr. Alnaimi, he would own 94,582,532 common shares, representing 35.12% of Argex’s shares that would then be issued and outstanding.

Mr. Alnaimi acquired ownership of the Warrants in payment of $87,500, representing 25% of Mr. Alnaimi’s base compensation of $350,0000 for the period from August 1, 2016 to July 31, 2017, and as “Bonus Warrants”, the exercise of which is conditional upon the achievement by Argex of certain milestones relating to the progress of the Corporation’s titanium dioxide project.

In accordance with applicable securities laws, Mr. Alnaimi may, from time to time and at any time, acquire additional Shares and/or other equity, debt or other securities or instruments (collectively, “Securities”) of the Corporation in the open market or otherwise, and he reserves the right to dispose of any or all of his Securities in the open market or otherwise at any time and from time to time, and to engage in similar transactions with respect to the Securities, the whole depending on market conditions, the business and prospects of the Corporation and other relevant factors.

A copy of an early warning report filed by Mr. Alnaimi in connection with the Transaction is available on SEDAR under the Corporation’s profile.  This news release is issued under the early warning provisions of Canadian securities legislation.

To obtain a copy of the early warning report filed by Mazen Alnaimi, please contact:

Nicole Blanchard
Corporate Communications and Investor Relations
Argex Titanium
(514) 843-5959
nblanchard@argex.ca

Argex Titanium Achieves Significant Progress at the Laboratory

MONTREAL, Québec – October 4, 2016 – Argex Titanium Inc. (TSX: RGX) (the “Corporation” or “Argex”) is pleased to announce significant progress at the laboratory in Valleyfield less than 60 days after operations resumed (see press release dated August 10, 2016).

Carroll Moore, Chief Operating Officer of Argex, stated that: “We have achieved a substantial reduction in solid and liquid material in the overall process, which will have a positive impact on our CAPEX going forward. We are pleased to see a significant reduction in water in the system through heat integration and changes to the conditions of the leaching process. These improvements should allow equipment size to be reduced, particularly at the leaching and evaporation stages. We also expect to lower the energy consumption of the future commercial plant.”

Next steps 

Mr. Moore added that: “In the next few months, we will perform further optimization tests for the hydrolysis stage and produce enough sample material to operate the heat treatment and finishing stages of the process. The technical team is refining the parameters of the titanium dioxide (TiO2) product at the hydrolysis and heat treatment stages with the objective of obtaining a morphology superior to that of competing products, and proceeding to the finishing treatment. At that point, Argex will have validated all the stages of the technology, including the finishing stages, which were previously handled by external partners.”

About Argex Titanium

Argex Titanium Inc. 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 applications.  The Corporation’s unique proprietary process takes relatively inexpensive and plentiful source material from a variety of potential vendors, and produces TiO2 along with other valuable by-products. Argex’s process provides a significant cost and environmental advantage over current legacy TiO2 production methods.

CONTACT INFORMATION:

Nicole Blanchard
Corporate Communications and Investor Relations
Argex Titanium
(514) 843-5959
nblanchard@argex.ca

This news release contains statements that may constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking information and statements may include, among others, statements regarding future plans, costs, objectives or performance of Argex, or the assumptions underlying any of the foregoing. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” “target” and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Argex will derive. Forward-looking statements and information are based on information available at the time and/or management’s good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond Argex’s control. These risks, uncertainties and assumptions include, but are not limited to, those described under “Risk Factors” in Argex’s Annual Information Form for the fiscal year ended December 31, 2015, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements. Argex does not intend, nor does Argex undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.

Argex Titanium Announces the Completion of the TMX Review

Argex Shares Will Continue to be Listed on the Senior Exchange

MONTREAL, Québec (September 27, 2016) – Argex Titanium Inc. (TSX: RGX) (the “Company” or “Argex”) is pleased to announce that the Toronto Stock Exchange has completed the listing review of the Company 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 CEO 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.”

About Argex Titanium

Argex Titanium Inc. 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 applications.  The Corporation’s unique proprietary process takes relatively inexpensive and plentiful source material from a variety of potential vendors, and produces TiO2 along with other valuable by-products. Argex’s process provides a significant cost and environmental advantage over current legacy TiO2 production methods.

CONTACT INFORMATION:

Nicole Blanchard
Corporate Communications and Investor Relations
Argex Titanium
(514) 843-5959
nblanchard@argex.ca

This news release contains statements that may constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking information and statements may include, among others, statements regarding future plans, costs, objectives or performance of Argex, or the assumptions underlying any of the foregoing. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” “target” and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Argex will derive. Forward-looking statements and information are based on information available at the time and/or management’s good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond Argex’s control. These risks, uncertainties and assumptions include, but are not limited to, those described under “Risk Factors” in Argex’s Annual Information Form for the fiscal year ended December 31, 2015, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements. Argex does not intend, nor does Argex undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.

Argex Titanium Announces Results of Annual Meeting

MONTREAL, Québec (September 15, 2016) – Argex Titanium Inc. (TSX: RGX) (the “Corporation” or “Argex”) is pleased to announce that the six nominees listed in its management proxy circular dated August 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:

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 8,000,000 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) 2,000,000 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 Mr. Mazen Alnaimi, Executive Chairman and Chief Executive Officer of the Corporation, in payment of his annual compensation for the twelve-month period from August 1, 2016 to July 31, 2017, as required by the Toronto Stock Exchange.

About Argex Titanium

Argex Titanium Inc. 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 applications.  The Corporation’s unique proprietary process takes relatively inexpensive and plentiful source material from a variety of potential vendors, and produces TiO2 along with other valuable by-products. Argex’s process provides a significant cost and environmental advantage over current legacy TiO2 production methods.

CONTACT INFORMATION:

Nicole Blanchard
Corporate Communications and Investor Relations
Argex Titanium
(514) 843-5959
nblanchard@argex.ca

This news release contains statements that may constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking information and statements may include, among others, statements regarding future plans, costs, objectives or performance of Argex, or the assumptions underlying any of the foregoing. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” “target” and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Argex will derive. Forward-looking statements and information are based on information available at the time and/or management’s good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond Argex’s control. These risks, uncertainties and assumptions include, but are not limited to, those described under “Risk Factors” in Argex’s Annual Information Form for the fiscal year ended December 31, 2015, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements. Argex does not intend, nor does Argex undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.

Argex Titanium Announces Extension of Toronto Stock Exchange Listing Review

MONTREAL, Québec (August 29, 2016)  – Argex Titanium Inc. (TSX: RGX) (the “Corporation” or “Argex”) is pleased to announce that the Toronto Stock Exchange has granted Argex a 30-day extension, to September 26, 2016, with respect to the TSX’s listing review of the Corporation. At that time, the Continued Listing Committee of the TSX will determine whether Argex now meets the TSX’s listing requirements.

“We thank the Continued Listing Committee of the TSX for its thorough and diligent analysis of the Corporation’s financial position”, said Mazen Alnaimi, new Executive Chairman and CEO of Argex. “We are focusing on completing the development of our TiO2 pigment technology in the coming months and delivering a consistent product to our marquee clients. Argex’s new corporate team has worked hard in the first 30 days since we closed the private placement of $2.4 million and restarted activities to negotiate settlements with our creditors and develop positive relationships with each of them for the future”, continued Mr. Alnaimi.

Since being appointed following completion of the private placement in July 2016, Argex’s new management team has negotiated settlements with a number of Argex’s creditors and is currently in settlement discussions with Argex’s other creditors.

About Argex Titanium

Argex Titanium Inc. 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 applications.  The Corporation’s unique proprietary process takes relatively inexpensive and plentiful source material from a variety of potential vendors, and produces TiO2 along with other valuable by-products. Argex’s process provides a significant cost and environmental advantage over current legacy TiO2 production methods.

CONTACT INFORMATION:

Nicole Blanchard
Corporate Communications and Investor Relations
Argex Titanium
(514) 843-5959
nblanchard@argex.ca

This news release contains statements that may constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking information and statements may include, among others, statements regarding future plans, costs, objectives or performance of Argex, or the assumptions underlying any of the foregoing. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” “target” and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Argex will derive. Forward-looking statements and information are based on information available at the time and/or management’s good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond Argex’s control. These risks, uncertainties and assumptions include, but are not limited to, those described under “Risk Factors” in Argex’s Annual Information Form for the fiscal year ended December 31, 2015, which is available on SEDAR at www.sedar.com; they could cause actual events or results to differ materially from those projected in any forward-looking statements. Argex does not intend, nor does Argex undertake any obligation, to update or revise any forward-looking information or statements contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.

Argex Titanium appoints Shaun Parmar as Chief Financial Officer

MONTREAL, Quebec  – Argex Titanium Inc. (TSX: RGX) (the “Corporation” or “Argex”) is pleased to announce the appointment of Shaun Parmar as Chief Financial Officer (“CFO”).

Mr. Parmar is a seasoned executive with extensive international experience in strategy, business and corporate development, M&A, corporate finance advisory and related finance/accounting functions.

A management consultant since 2010, Mr. Parmar has held the CFO role at private and public companies in the high-tech, clean-tech and media sectors. Prior to this, he was the Group Director, Mergers and Acquisitions and Business Development of Bharti Enterprises Limited, one of India’s largest business conglomerate. Before this, Mr. Parmar held a number of increasingly senior management positions with leading Canadian companies such as Canada Steamship Lines Inc., Canadian Pacific Railway, BCE Inc., Bell Canada International Inc., Telesystem International Wireless Inc. and Gildan Inc., where he was Vice-President, Business Development and Corporate Treasurer.

Mr. Parmar holds a Bachelor of Science degree from the University of Toronto, a Master of Business Administration degree from York University and is a Chartered Professional Accountant.

He joins Argex Titanium at a very exciting time and in a turnaround situation to fulfill the role of CFO.

About Argex Titanium

Argex Titanium Inc. 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 applications.  The Corporation’s unique proprietary process takes relatively inexpensive and plentiful source material from a variety of potential vendors, and produces TiO2 along with other valuable by-products. Argex’s process provides a significant cost and environmental advantage over current legacy TiO2 production methods.

CONTACT INFORMATION:

Nicole Blanchard
Corporate Communications and Investor Relations
Argex Titanium
(514) 843-5959
nblanchard@argex.ca

Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.

Argex Titanium Restarts Its Laboratory In Valleyfield

A Specialized Team Has Been Recruited With External Support From Experts

MONTREAL, Québec (August 10, 2016) – Argex Titanium Inc. (TSX:RGX) (the “Corporation” or “Argex”) is pleased to announce that activities have resumed at its R&D centre in Valleyfield.

Due to the suspension of activities in 2015, renovation work was required and the equipment had to be reconditioned in recent weeks before activities could resume. In the interim, a specialized technical team was recruited. The team will be supported by external experts.

“Given the current state of advancement of Argex’s technology, our goal in the coming months will be to integrate each unit of the process, from ore selection at the entrance to reduction of water consumption, integration of heat sources and improvement of reagent consumption level, in order to optimize and confirm the parameters of the titanium dioxide products (TiO2),” said Carroll Moore, Chief Operating Officer of Argex. “We will benefit from a new team of internal and external engineers, chemists and technicians who will collect ongoing data with a view to commercial production of industrial-grade titanium pigment. We have also introduced internal and external data analysis services that will save us time and money.”

“We plan to refine the Argex technology in order to set a new standard for the titanium industry,” added Mazen Alnaimi, Executive Chairman and Chief Executive Officer of Argex. “Given our experience in marketing and operation of commercial chemical plants, we are aiming for a future 1:2,000-scale demonstration plant design, followed by the construction of a 25,000-tonne commercial unit. This 50% reduction from the earlier design will tangibly reduce the risks associated with scaling.”

About Argex Titanium

Argex Titanium Inc. 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 applications.  The Corporation’s unique proprietary process takes relatively inexpensive and plentiful source material from a variety of potential vendors, and produces TiO2 along with other valuable by-products. Argex’s process provides a significant cost and environmental advantage over current legacy TiO2 production methods.

CONTACT INFORMATION:

Nicole Blanchard
Corporate Communications and Investor Relations
Argex Titanium
(514) 843-5959
nblanchard@argex.ca

Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.

Argex Titanium Announces Payment of Accrued Interest on 8% Convertible Debentures

MONTREAL, Quebec – August 5, 2016Argex Titanium Inc. (TSX:RGX) (the “Corporation” or “Argex”) is pleased to announce that it will pay accrued interest of $450,000 on its 8% convertible unsecured debentures (the “Debentures”) due on December 31, 2015, March 31, 2016 and June 30, 2016 through the issuance of an aggregate of 5,084,745 common shares to the holders of the Debentures.  In this regard, Argex has sent a notice in prescribed form to the registered holders of the Debentures and to CST Trust Company, the debenture agent.

The 5,084,745 shares will be issued at a price of $0.0885 per share, representing the volume weighted average trading price (“VWAP”) of Argex’s shares on the Toronto Stock Exchange for the five trading days ended August 3, 2016.  In accordance with the Debenture Indenture, the shares will be delivered on or before September 30, 2016.

Argex also announces that after obtaining approval from the holders of more than 66⅔% of the principal amount of the Debentures, the Corporation and CST Trust Company, as debenture agent, entered into a First Supplemental Indenture amending certain terms and conditions of the Debentures.  A copy of the First Supplemental Indenture is available under the Corporation’s profile on SEDAR at www.sedar.com.

As previously announced, the conversion price of the Debentures has been reduced to $0.11 per share from $1.14 per share.  In addition, should the VWAP of the common shares of the Corporation for a period of five trading days be at least $0.11, or should at least 50% of the principal amount of the Debentures have been converted by the holders thereof into common shares, Argex will have the right, but not the obligation, to compel the conversion of all or any part of the Debentures into common shares at the conversion price of $0.11 per share.  In order to do so, Argex will be required to send a notice to the holders of the Debentures at least 15 business days prior to the forced conversion date.

The Debentures were also amended to provide that interest payments may be made, at the option of the Corporation, through the issuance of common shares.  The issue price of shares issued in any such payment will be equal to the VWAP of Argex’s shares on the Toronto Stock Exchange for the five trading days immediately preceding the date on which Argex sends a notice in prescribed form to the holders of the Debentures.

About Argex Titanium

Argex Titanium Inc. 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 applications.  The Corporation’s unique proprietary process takes relatively inexpensive and plentiful source material from a variety of potential vendors, and produces TiO2 along with other valuable by-products. Argex’s process provides a significant cost and environmental advantage over current legacy TiO2 production methods.

CONTACT INFORMATION:

Nicole Blanchard
Corporate Communications and Investor Relations
Argex Titanium
(514) 843-5959
nblanchard@argex.ca

Forward Looking Statements

Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.

Argex Titanium Announces Closing of Private Placement and New Management Team

MONTREAL, QUEBEC–(July 13, 2016) –Argex Titanium Inc. (TSX:RGX) (the “Corporation” or “Argex”) is pleased to announce that, it has closed its previously announced (see press release of May 9, 2016) private placement offering (the “Offering”) of secured convertible notes (the “Notes”) for gross proceeds of $2,400,000.  Each Note is convertible at the option of the holder into 33,333 common shares of the Corporation (“Shares”) at an issue price of $0.03 each and 28,333 warrants to purchase additional Shares at any time at a price of $0.05 each over a five-year term.  Unless converted prior thereto, the Notes will mature in two years from the date of issuance and bear interest at the rate of 15% per annum payable annually up to their time of conversion.  Holders of Notes may at their option convert any unpaid and/or accrued interest thereon into additional Shares at an issue price of $0.03 each.

In addition and as previously announced, the Corporation has amended its existing 8% convertible unsecured subordinated debentures by, inter alia, amending the conversion price thereof from $1.14 to $0.11.

As a result of the foregoing, the Corporation will now be in a position to resume testing and development activities at its laboratory facilities in Valleyfield Quebec and move forward with its plans to develop designs and technical databases for the building of both a pilot and a commercial plant to produce TiO2 pigment.

New leadership
The Corporation is also pleased to announce that its board of directors will be appointing Mr. Mazen Alnaimi as the Corporation’s Executive Chairman and CEO. Mr. Alnaimi, whose management company subscribed to 50% of the Offering, will lead the Corporation’s development.

Mr. Alnaimi has vast experience spanning almost 30 years in the commercialization of greenfield oil and gas, petrochemicals and steelmaking projects. After earning a B.S. in Civil Engineering from the University of Nebraska (1977) and an M.B.A. from the University of Houston (1981), Mr. Alnaimi started his professional career with Aramco, the oil production arm of the Saudi government, where he held positions of increasing responsibility. He was Project Engineer for a sea water injection facility and Design Manager for a refinery unit in Qassim, Saudi Arabia, assigned to work with Bechtel, first in San Francisco and later in Tokyo, Japan. He left Aramco in 1985 to join Saudi Fransi Bank, where he became involved in assessing the risk associated with financing mega petrochemical and steel production facilities on the bank’s behalf.

In 1989, Mr. Alnaimi started the first private-sector petrochemical facility in the Arabian Gulf, involving investors from five Gulf countries. That venture grew from a US $15 million investment to become Chemanol, a US $700 million company. As Managing Partner, Mr. Alnaimi was the visionary behind the project, from initial conceptualization to feasibility studies, technology selection and development, construction, commissioning, production, marketing and operations. Through several expansions, Chemanol grew from a single plant to 24 separate plants producing close to one million tons of methanol products and derivatives. Mr. Alnaimi took the company public in August 2008 in a very successful IPO that was 400% oversubscribed.

In 2000, Mr. Alnaimi started the first medium-section structural steel company in the Gulf region, United Gulf Steel, another very successful venture where he played the same role that he had at Chemanol. In 2001, he started a successful decorative laminate plant (MODECOR), again as a greenfield project. Mr. Alnaimi has also started several businesses in consulting, logistics and oil and gas services.

In addition, the Corporation is also pleased to announce that Mr. Carroll Moore will also be joining the new team as Chief Operating Officer. He will be leading a technical team of process engineers and chemists supported by external expert consultants.

Mr. Moore, who obtained a Bachelor of Chemical Engineering, did graduate work in industrial engineering in addition to earning an MBA through the University of Chicago’s Executive Program. He has been directly involved with Mr. Alnaimi in various projects over the course of the last 15 years and has four decades of experience in petroleum, chemical and business development activities. His expertise covers technology, construction, marketing, operations and financing of large projects globally.

In the past, Mr. Moore’s experiences included having responsibility over projects ranging in value from US $120 million to US $280 million at UOP Inc., a leading international supplier and licensor of process technology, catalysts, adsorbents, equipment, and consulting services to the petroleum refining, petrochemical, and gas processing industries. Mr. Moore also worked at ABB, a leading global power and automation technology company that enables utility, industry, transport and infrastructure customers to improve their performance while lowering environmental impact, with projects valued at up to US$1 billion. At UOP and ABB, Mr. Moore was responsible for licensing and business development for sophisticated processes offered with full engineering packages; start-up, laboratory, and operating manuals; and field service of commercial units after commissioning. He participated in engineering design reviews, HAZOP reviews, Value Engineering reviews, 3D modeling evaluations and FEED exercises with several EPC contracting firms.

Mr. Mazen Haddad, the Corporation’s Interim President and Chief Executive Officer, participated in the Offering in the amount of $140,000 representing approximately 5.83% of the Offering.  This is an increase of $40,000 to the previously announced anticipated participation for Mr. Haddad.

DUE DILIGENCE
An extensive, thorough due diligence was carried out, encompassing a review of the technology, its attributes and competitive advantages, a financial review, and an assessment of the rationalization steps that should be taken going forward. It was concluded that the technology has merit and advantages over incumbent technologies and that proprietary know-how will be improved upon by the new team.

Based on the satisfactory results of the due diligence, Mr. Alnaimi confirmed his investment in Argex. The new team is committed to rationalizing corporate and operational expenses going forward in order to focus on the validity and competitiveness of the technology, and to restructuring the Corporation for the future, with a clear focus on efficiency and success.

WAY FORWARD
The objective will be to design an annual TiO2 production level of 25,000 tonnes per annum to de-risk the scaling-up of the pilot plant.

The pilot plant in Valleyfield, Quebec, will be restarted for the purposes of producing an acceptable pigment-quality TiO2 product and acquiring the physical and chemical data required to validate a process flow diagram. This activity will require four to six months of operating time and will be supported by the analytical efforts of external experts.

This phase will be followed by the hiring of an engineering firm to produce a complete basic engineering package, and then the contracting of a major EPC contractor to build a demonstration plant (scale of 1:2000) and a commercial plant.

ABOUT ARGEX TITANIUM INC.
Argex Titanium Inc. 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 applications. The company’s unique proprietary process takes relatively inexpensive and plentiful source material from a variety of potential vendors, and produces TiO2 along with other valuable by-products. Argex’s process provides a significant cost and environmental advantage over current legacy TiO2 production methods.

CONTACT INFORMATION:

Nicole Blanchard
Corporate Communications and Investor Relations
Argex Titanium
(514) 843-5959
nblanchard@argex.ca

Forward Looking Statements

Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.