Argentex Mining Corporation

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 |  February 15, 2012 12:00am CST

Argentex Mining Corporation ("Argentex" or the "Company") (TSX-V: ATX, OTCBB: AGXMF) is pleased to announce that its 2012 exploration program has commenced on its Pinguino silver-gold project in Santa Cruz province, Argentina.

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Company Overview

Argentex Mining Corporation is a Canadian exploration company focused on advancing its 100% owned Pinguino high grade silver and gold project in mining friendly Santa Cruz, Argentina. Argentex also controls additional precious metals and polymetallic exploration projects in the Patagonia region of southern 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.

The People

Ken Hicks
President, CEO

Ken Hicks, B.Sc. (Honors), P.Geo, has successfully directed the company's growth from initial property acquisition in Argentina in 2004, through exploration and discovery phases and into resource estimate-preliminary economic assessment at Pinguino. His tenure began in 2004 as VP Exploration and since 2005 as President and CEO. With more than 25 years of experience in the mining-exploration industry, Mr. Hicks has worked extensively throughout North and South America, with a broad range of companies including Falconbridge Limited, Imperial Metals, Bethlehem Resources and Newhawk Gold Mines. Mr. Hicks was directly involved in the discovery of the 5034 diamondiferous kimberlite at Kennady Lake for Mountain Province Diamonds in the NWT, Canada. DeBeers Canada has a joint venture with the company on the Gahcho Kué Project which consists of a cluster of four diamondiferous kimberlites. Three of which have a probable mineral reserve of 31.3 million tonnes grading 1.57 carats per tonne for total diamond content of 49 million carats

Jeff Finkelstein
CFO & Treasurer

Mr. Finkelstein is a senior-level executive with extensive financial experience in US and Canadian public and private companies. His background includes senior management positions with junior and senior listed companies, including Silver Standard Resources and Sierra Geothermal Power. Mr. Finkelstein holds both a Bachelor of Arts, majoring in Economics, and a Bachelor of Commerce (Honors) degree, both awarded by the University of Manitoba, and has been a Chartered Accountant since 1990.

Peter Ball
Executive VP Business Development

Mr. Ball is a mining professional with close to 25 years of experience in senior management roles encompassing finance, investor relations, securities trading, mine engineering, business development, corporate communications, public relations and marketing. Prior to joining Argentex, Mr. Ball held the position as Vice President of Investor Relations for Century Mining Corporation, where he was responsible for the management of corporate communications, investor and public relations and business development. He began his career in the 1980s, gaining valuable experience as a mining engineer, a technical representative, and various business-corporate relations management roles for a number of mining companies including Sherritt Gordon Mines, Hudson Bay Mining & Smelting, Echo Bay Mines and Eldorado Gold Corporation.

The Property

Pinguino
Santa Cruz, Argentina

Argentex's 10,000-hectare Pinguino property is located in Argentina's Patagonia region, within the Deseado Massif of Santa Cruz province. The Deseado Massif is an active region of mining with four precious metal mines currently in production, and includes multiple active advanced and early stage exploration projects.

Pinguino is easily accessible, situated approximately 400 meters above sea level in low-relief topography.  An existing system of all-weather roads provides year-round access to the property.  Argentex believes that recent high-grade precious metal discoveries within newly tested structures of the district scale vein system at Pinguino show potential for the development of a significant silver-gold resource.

The Politics

Argentex’s exploration projects are located in Argentina, a politically stable mining friendly jurisdiction. Santa Cruz province is one of the most mining friendly provinces in Argentina.