Toronto, ON, June 1, 2005 -- Argentex Mining Corporation (OTCBB: AGXM) is pleased to announce that distinguished geologist Colin Godwin (PhD, P.Eng., P.Geo.) will join its Board of Directors effective today. Dr. Godwin is an accomplished mining executive, Professor Emeritus at the University of British Columbia and published author.
"We are delighted to welcome Dr. Godwin, a prominent and respected geological expert, to our Board,” said Argentex’s Ken Hicks. “This is a significant step in the strengthening of our team and we look forward to the expertise that Dr. Godwin will bring to our growing company. His extensive work around the world includes specific experience in precious metal exploration in Argentina, which is an immediate asset to the company.”
Since May 2002, Dr. Godwin has been President of Rome Resources Ltd. (TSX-V: RMR), a Canadian-based mining and mineral exploration company evaluating significant gold-silver and porphyry copper-gold deposits in Neuquen Province, Argentina and major porphyry copper-silver deposits in Mexico. He has also served as a director of Rome Resources since June 2000. Recently, Dr. Godwin has conducted exploration programs in a number of countries, including Argentina, Mexico, Canada and the United States. He has also managed drilling projects in North America and property examinations in Latin America, North America and Asia.
Dr. Godwin is Professor Emeritus at the University of British Columbia, where he taught the exploration and geology of mineral deposits from 1975 until he retired in 1999. During his tenure, he specialized in field and laboratory studies of porphyry, epithermal, kimberlite, skarn and volcanogenic mineral deposits. The interpretation of lead isotopes in galena as it relates to mineral exploration was also an academic focus for Dr. Godwin.
An accomplished writer, Dr. Godwin has published more than 100 papers, with approximately 35 of these professionally adjudicated. In 1990, Dr. Godwin received the Duncan R. Derry Medal, the highest award bestowed by the Mineral Deposits Division of the Geological Association of Canada. This honor is awarded annually to one outstanding economic geologist who has made contributions to the science of economic geology in Canada.
Dr. Godwin was a founding director of International Geosystems Ltd. and became involved in the development of the GEOLOG System, one of the first computer-based schemes for capturing and using data from exploration-development work, especially drill holes.
Argentex also announced today that Ken Hicks, B.Sc. (Hons), P.Geo., has been appointed President-Elect, effective today. Mr. Hicks has been the Vice President of Exploration for Argentex and has successfully directed the company’s exploration programs in Argentina since March 2004. Mr. Hicks replaces Chris Dyakowski, who steps down as President, CEO and Director of Argentex today. The company thanks Mr. Dyakowski for his dedicated service in this role.
ABOUT ARGENTEX:
Argentex Mining Corporation is a junior mining exploration company with significant holdings in the Patagonia region of Argentina. The company currently owns mineral rights to 30 properties with over 345,000 acres (139,616 hectares) of highly prospective land, located in the Santa Cruz and Rio Negro provinces of Argentina. The company trades under the symbol AGXM on the OTCBB.
FURTHER INFORMATION:
Argentex Mining Corporation
Investor Relations
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Information Regarding Forward-Looking Statements: Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Argentex's actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, volatility of commodity prices, product demand, market competition, and risks inherent in Argentex's operations. These and other risks are described in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.
Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.