Toronto, ON, February 15, 2006 -- Argentex Mining Corporation (OTCBB: AGXM) is pleased to announce that Richard (Rick) Thibault, P.Eng., has joined its Board of Directors effective February 9, 2006. Mr. Thibault is a registered mining engineer with 28 years of operations, management and consulting experience in North and South America, including nine years in Argentina.
"Mr. Thibault is a widely respected and accomplished mining professional and we are delighted to welcome him to our Board” said Ken Hicks, President of Argentex. “Mr. Thibault’s considerable Argentine engineering experience and his extensive network of mining contacts in Latin America will be of strategic importance to Argentex going forward.”
Over the past six years, Mr. Thibault has been providing mining engineering services to international clients active in Argentina, Chile and throughout Latin America. Before becoming a consultant, Mr. Thibault was the Managing Director of an operating industrial minerals mine in northwestern Argentina.
Mr. Thibault holds a B.A.Sc (Honors) in Mining Engineering from Queen’s University (Kingston, Ontario, Canada) and is a registered Professional Engineer in Alberta, Canada. Fluent in English, Spanish and French, Mr. Thibault is also an active member of the Canadian Institute of Mining, Metallurgy and Petroleum.
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
1-888-601-8366
[email protected]
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.