Argentex Mining Corporation ("Argentex" or the "Company") (TSX VENTURE:ATX)
(OTCQB:AGXMF) announces that the Special Committee formed by the Board to
oversee discussions regarding a potential business combination with Austral Gold
has recommended that the company undertake a broader review of strategic
alternatives.


CEO and President Michael Brown commented "Discussions with Austral Gold have
not culminated in a business combination and we believe we should now conduct a
full review of our opportunities. The recent activity in Argentina's resource
sector coupled with the advance of our Pinguino project, our exceptional team of
exploration professionals and cash in treasury puts us in a great position to
evaluate a range of options."


About Argentex

Argentex Mining Corporation is an exploration company focused on developing its
advanced Pinguino silver-gold project located in Santa Cruz, Patagonia,
Argentina. In total, Argentex owns 100% of 100,000+ hectares of highly
prospective land located in the Santa Cruz and Rio Negro provinces.


Shares of Argentex common stock trade under the symbol ATX on the TSX Venture
Exchange and under the symbol AGXMF on the OTCQB.


Neither 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.


On behalf of Argentex Mining Corporation:

Michael Brown, President and CEO

Statements in this news release that are not historical facts are
forward-looking statements that are subject to risks and uncertainties. Words
such as "expects", "intends", "plans", "may", "could", "should", "anticipates",
"likely", "believes" and words of similar import also identify forward-looking
statements.


Forward-looking statements in this news release include "believe that recent
activity in Argentina's resource sector coupled with the advance of our Pinguino
project, our exceptional team of exploration professionals and cash in treasury
puts us in a great position to evaluate a range of options". Actual results may
differ materially from those currently anticipated due to a number of factors
beyond the Company's control. These risks and uncertainties include, among other
things, management's assumptions about the availability of the necessary
consultants and capital and the risks inherent in Argentex's operations,
including the risks that the Company may not find any minerals in commercially
feasible quantity or raise enough money to fund its exploration plans. These and
other risks are described in the Company's Annual Information Form and other
public disclosure documents filed on the SEDAR website maintained by the
Canadian Securities Administrators and the EDGAR website maintained by the
Securities and Exchange Commission.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Argentex Mining Corporation
Michael Brown
President & CEO
604-568 2496
604-568-1540 (FAX)
info@argentexmining.com
www.argentexmining.com
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