:: Argex Realigns its Operations for Engineering and Construction Phase

Argex Titanium Inc., an emerging producer of high grade titanium dioxide (TiO2) announces that it has completed work at its Valleyfield Technology Center confirming key hydrometallurgical process innovations for the production of pigment grade TiO2. The Argex hydrometallurgical process is based on the development of a fully integrated process, including chloride leaching of the feedstock, solvent extraction – separation and purification of iron and titaniuum compounds, hydrochloric acid recovery, iron chloride by-product recovery and the conversion of titanium to market grade TiO2. This work has also been supported by Argex’s research services agreement with PPG Industries ("PPG") as well as endorsed by the positive technical due diligence announced last February.