Argentex Mining Corporation

Argentex Mining Corporation

July 17, 2012 09:15 ET

Michael Brown Announced as New CEO of Argentex

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 17, 2012) - Argentex Mining Corporation ("Argentex" or the "Company") (TSX VENTURE:ATX)(OTCBB:AGXMF) is pleased to announce the conclusion of an extensive search process and the selection of Michael J. Brown to fill the offices of President and Chief Executive Officer, effective August 1, 2012.

Mr. Brown began his career as a professional geologist in 1994. Since then, he has gained extensive experience in corporate and project development, finance, team building and executive leadership around the world in natural resources, including Argentina. He has participated in the development of multiple $100 million dollar plus projects in Latin America.

Mr. Brown was previously employed as the Vice President of Energy at Kinross Gold Corporation from 2009-2012. From 2002-2009 he was employed as Business Development Manager at Pacific Hydro. At Pacific Hydro he opened the company's offices in Chile in 2002, and played a critical role in establishing a significant new market for the company through the acquisition of two run of river hydroelectric projects and leading the development and project financing of two large run-of-river hydroelectric projects. Prior to this he worked as a Senior Project Geologist for companies such as Phelps Dodge, Rio Tinto and Homestake. He has led exploration and resource development programs in prolific mineral regions such as Western Australia, Chile, Argentina and Indonesia. He has been a director of Reservoir Capital Corp. since 2011.

Mr. Brown has an MBA from the University of Melbourne, 2002, and a double Science (Hons-Geology, 1993) and Arts Degree, 1994, from the University of Melbourne. Mr. Brown is fluent in English and Spanish.

"We welcome Mr. Brown as a significant addition to our existing world class team in Vancouver and Argentina. Mr. Brown's background, experience, executive leadership and interpersonal skills combine to provide a strong leader who is well suited to lead Argentex," commented Stephen Hanson, Director of Argentex. "On behalf of the Board, I want to thank Mr. Peter Ball for stepping in as interim President in addition to his current role as Executive Vice President of Corporate Development."

About Argentex

Argentex Mining Corporation is an exploration company focused on advancing its Pinguino silver-gold project in Santa Cruz, Argentina. In total, Argentex owns 100% of the mineral rights to more than 35 properties located within approximately 307,981 acres (124,636 hectares) of highly prospective land located in the Santa Cruz and Rio Negro provinces.

Shares of Argentex common stock trade under the symbol ATX on the TSX Venture Exchange and under the symbol AGXMF on the OTCBB.

On behalf of Argentex Mining Corporation:

Stephen Hanson, Director

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

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