Argex announces appointment of Marketing and Sales Manager

MONTREAL, Oct. 18, 2012 /CNW Telbec/ - Argex Titanium Inc. (TSXV: RGX) is pleased to announce the appointment of Philippe Guillemaille as its Marketing and Sales Manager. The appointment takes effect immediately.

Philippe Guillemaille is a highly experienced sales and marketing professional in the chemical industry. Mr. Guillemaille has held positions as sales manager for Fuji Film (Japan), Metallgesellschaft (Germany) and Monsanto/Exxon Chemicals (U.S.) among others. He most recently worked as Regional Business Manager, Europe and Africa for Kronos, a leading titanium dioxide producer, where he assumed responsibility of all markets, including coatings and inks as well as cosmetics, food and medical. His academic studies include a degree from the Lyon Institute of Technology, France.

"Mr. Guillemaille is an expert in sales management and negotiation. He brings unrivalled knowledge of the global TiO₂ industry. His expertise will help expedite the advancement of existing and developing end-user relationships in the coatings industry as well as introducing Argex to new markets including the food and cosmetics industry. Mr. Guillemaille's in depth knowledge of the TiO₂ industry will help focus and accelerate our product development. He will be involved in market development covering R&D efforts for end users as well as working with the management team with a strategic focus on maximizing the internal rate of return." stated Roy Bonnell, President and Chief Executive Officer of Argex Titanium.

About Argex Titanium Inc.

ARGEX Titanium INC. is a near-term producer of Titanium Dioxide. With a primary goal of advancing rapidly towards production, Argex has adopted a simple and low-risk strategy for the scale-up of its proprietary process that allows it to produce high-purity TiO₂ directly from run-of-mine material.

The process is running continuously at the mini-plant in Mississauga, Ontario. The closed-loop process is environmentally friendly and produces minimal inert tailings.

Additionally, the Corporation owns 100% of the Mouchalagane property, which is a large Labrador trough iron ore property that represents further potential upside for the Argex shareholders.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Argex Titanium Inc.