ARGEX PROVIDES CORPORATE UPDATE

Montreal, Quebec – March 26, 2013 – Argex Titanium Inc. (TSX-V: RGX) (“Argex” or the “Company”) is pleased to provide a corporate update on the Company’s activities over the latter part of 2012 and the first quarter of 2013.

Roy Bonnell, President & CEO comments, “The Argex team has made significant progress over the past six months and the industry has taken notice. Our efforts in 2012 were supported by enthusiastic shareholders and the financial community. Our approach has been to move rapidly to production while mitigating all risks. To this end, the last six months have been dominated by hard work in the following areas: the feasibility study, the optimization of our product, the advancement of end-user agreements and the promotion of the Argex name amongst industry participants.” Some of the highlights of this period and beyond, include:

* On October 11, 2012, Argex announced the launch of its feasibility study with GENIVAR Inc., one of Canada’s largest engineering firms, to establish the economic viability of a titanium dioxide (TiO2) first-module production facility and to provide a capital plan and capital estimate. Citing the potential game-changing nature of the novel CTL process, both GENIVAR and Argex have agreed to mutual terms of exclusivity for engineering services related to the development and construction of TiO2 processing plants projects using this patented process. At the time of the announcement, Mr. Bonnell stated that the hiring of GENIVAR to complete the feasibility study for the future Argex TiO2 industrial facility is an important step towards launching commercial production of our TiO2 product. Upon completion of the study, Argex will be in a position to evaluate major partnership opportunities, and engage in detailed construction engineering work and start hiring suppliers. “To date, the work is on time and on budget,” added Enrico Di Cesare, COO and Vice-President of Technology at Argex, “A feasibility study is an intensive effort for any company and those involved. We look forward to sharing the results with everyone in the next few months,” he said.

* Argex and PPG Industries signed a collaboration agreement for the development and optimization of pigment grade Titanium Dioxide (TiO2) for paints and coatings combining PPG’s paint technology with Argex TiO2 proprietary processing technology in April, 2012. The Agreement provides for, among other things, the negotiation of a purchase and supply agreement between PPG and Argex based on the successful development of treatment technologies. Noted Mr. Bonnell, “We are pleased that the collaboration between the two companies is much broader than just a simple off-take agreement. We are not intending to just make a simple feedstock. We are intending to make pigment which commands a higher price. Depending on the pigment’s use, different specs are required and different coatings applied. To have an industry leader on our side working with us collaboratively through-out the last six months constitutes a huge plus for Argex. Although the negotiation of a purchase and supply agreement between PPG and Argex has taken longer than anticipated, we look forward to finalizing the agreement to the mutual satisfaction of both parties as soon as possible.”