Toronto, ON, December 19, 2005 ? Argentex Mining Corporation (OTCBB: AGXM) is pleased to announce the appointment of Mr. Hamish Malkin as Chief Financial Officer (CFO) of the company.
Mr. Malkin is a Chartered Accountant with over 15 years experience in senior and executive financial positions, including nine years in the mining industry. He currently serves as the Chief Financial Officer for Entr?e Gold (TSX-V: ETG; AMEX: EGI). Mr. Malkin is a member of the Canadian Institute of Chartered Accountants and the Institute for Chartered Accountants of British Columbia.
?We are fortunate to have attracted someone of Hamish?s caliber and experience to help take Argentex to the next level,? said Ken Hicks, President of Argentex. ?Hamish has a firm grasp of the mining industry in addition to his financial management expertise. This makes him a valuable addition to our executive management team as we position Argentex for continued growth and leverage our extensive land position in Argentina?s emerging Patagonia mining region.?
Argentex also wishes to announce that it has successfully renegotiated the land agreements covering its properties in Santa Cruz and Rio Negro, Argentina, to allow for the immediate release of 250,000 shares. The remaining 4,749,998 common shares under escrow have been returned to the treasury and cancelled. The number of common shares of the corporation now issued and outstanding is 18,398,890 as at December 19, 2005.
ABOUT ARGENTEX:
Argentex Mining Corporation is a junior mining exploration company with mineral rights to 30 properties with over 345,000 acres (139,616 hectares) located in the Patagonia region of southern Argentina. Argentex common stock currently trades under the symbol AGXM on the OTCBB.
FURTHER INFORMATION:
Argentex Mining Corporation
Investor Relations
1-866-594-7687
[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. Forward looking statements made in this press release include, among others, comments regarding the company?s belief that it will continue to grow. These forward-looking statements are subject to numerous risks and uncertainties, including the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc., volatility of commodity prices, product demand, market competition, and other risks inherent in Argentex's industry and operations. Please refer to Argentex? Annual Report on Form 10-K and other filings with the Securities and Exchange Commission for a comprehensive discussion of these and other risk factors.
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.
