Toronto, ON, April 6, 2005 -- Argentex Mining Corporation (OTCBB: AGXM) is pleased to announce the appointment of two prominent Argentine geological scientists to its technical advisory board. Dr. Diego Guido and Mr. Sebasti?n Jovic will assist Argentex in evaluating and developing its extensive land portfolio in the Argentine provinces of Santa Cruz and Rio Negro.
Dr. Guido has dedicated his career to economic precious metal geology with a combined focus on scientific research, academic duties and consulting mining activities in Argentina?s Patagonia region, where Argentex owns mineral rights to over 345,000 acres of highly prospective land. Mr. Jovic is working at the Mineral Resources Institute (INREMI) at La Plata University in Buenos Aires and is a PhD candidate studying the economic geology of the Pinguino area.
?We are proud to have these talented specialists in Patagonian ore deposits join our advisory board,? said Ken Hicks, Vice President of Exploration for Argentex. ?Dr. Guido and Mr. Jovic have tremendous local expertise, which will be of specific value to our company, and we look forward to their contributions.?
Dr. Diego Guido
Dr. Guido is a specialist in epithermal precious metal deposits and in Patagonia?s Deseado Massif, the region in which Argentex?s Pinguino and El Condor properties are located. Dr. Guido?s background includes geological work with companies such as Minera El Dorado and Mincorp, the Argentine subsidiary of Anglo Gold, as well as work with the Argentinean National Commission of Scientific and Technical Research (CONICET) . Currently a researcher with CONICET, Dr. Guido also teaches a variety of geology courses at La Plata University. In addition, Dr. Guido has worked as a consultant for numerous mineral exploration companies since 1998. He holds a PhD in geology from La Plata University.
Mr. Sebasti?n Jovic
Mr. Jovic works at the Mineral Resources Institute (INREMI), an institute for Patagonian epithermal deposits research, at La Plata University. Working under a four-year scholarship from CONICET, Mr. Jovic is currently undertaking his doctoral studies at La Plata University focusing on the economic geology of the Pinguino area
?Argentex is pleased to be supporting this important work being conducted by Mr. Jovic,? adds Ken Hicks. ?Detailed economic studies of Patagonia mineral occurrences are rarely conducted in the early stages of property development and we are therefore enthusiastic about Mr. Jovic?s work. The results of his project will provide the mining industry with a greater understanding of the mineralization in this region. Furthermore, his results will directly support the work that Argentex is doing to develop its Pinguino property.?
Our Commitment to Argentina
As reflected by the appointments announced today, Argentex maintains close ties to the communities in which it conducts its geological exploration. In addition to using local businesses and suppliers for its field programs, students from the local mining program at the University of Southern Patagonia are an integral part of Argentex?s exploration activities.
?We have a virtual gold mine of keen and talented Argentine geological students that we are training in real-world exploration work in their own community,? said Mr. Hicks. ?We take great pride in giving these students the opportunity to work on a full range of explorations activities -- from reconnaissance to drilling ? and Argentex is fortunate to benefit from their local knowledge.?
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.
