Argex Titane : 07/02/2018 - Argex Titanium Provides Corporate Update

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ArgexTitaniumProvidesCorporateUpdate

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MONTREAL,Québec-February6,2018-ArgexTitaniumInc.(TSX:RGX)("Argex")ispleasedtoprovidea corporate update on the advancement of its strategies aiming at producing and commercializing titanium dioxide(TiO2)pigmentbasedonitsproprietarychloridetechnology.

The basic engineering package is nearing completion with success and cost parameters are being reviewed by an external specialized firm, Process Engineering International (PEI), a worldwide recognized process engineering firm located in the United States. The mandate of the firm includes the final assessment and optimizationofArgex'sflowsheet,includingheatandmassbalance.Oncetheirassessmentwillbecompleted, Argex will then proceed with the design of the Technology Center and the commercial plant. PEI will also validate the operating costs associated with Argex's process and make recommendations for their optimization.

A group composed of a seasoned project manager, a process and design engineer, as well as construction and procurement experts, was recruited to establish the final parameters and interact with external engineering groups in preparation for the construction of the Technology Center. The team has extensive experienceinchemicalprocess,designreview,procurementandconstructionoflargechemicalplants,bothin theProvinceofQuebecandinternationally.

Argex has also appointed Northcott Capital ("Northcott"), a global financial advisory firm, to advise in the financing of the Technology Center and commercial plant. Northcott's team brings decades of experience to Argex in global financial advisory, valuation and management consulting in marketing, structuring and executionofminingandenergyprojectfinancetransactions.TheNorthcotttransactionteamisheadedbyRick Reeves, who has over 30 years of financial and operating experience in the minerals and commodities industries.  Rick heads up Northcott's Denver office, and Northcott has offices in Vancouver, London, Perth andSydneyaswell.

"The Argex technical team is growing as we are entering a new stage in our development. We are really pleased with the addition of a group of specialists that will accompany our core internal group for the design andconstructionphases.Weareencouragedbytheirenthusiasminjoiningtheireffortstooursindeveloping

andbuildingalowcostandcleanerTiO

in

advanceddiscussionstosecurethelocationofourfutureinfrastructures",saidMazenAlnaimi,Chairmanand CEOofArgexTitanium.

AboutArgexTitanium

Argex Titanium Inc. has developed an advanced chemical process for the volume production of highgrade titanium dioxide (TiO2) for use in highquality paint, plastics, cosmetics and other TiO2 applications. The Corporation's unique proprietary process uses relatively inexpensive and plentiful source material from a varietyofpotentialvendorstoproduceTiO2,alongwithothervaluablebyproducts.Argex'sprocessprovides asignificantcostandenvironmentaladvantageovercurrentlegacyTiO2productionmethods.

TostayinformedonArgexTitanium,joinourInvestorGroupon8020Connectatwww.8020connect.com/groups/argextitaniuminc.

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ForwardLookingStatements

This news release contains statements that may constitute "forwardlooking information" or "forwardlooking statements"withinthemeaningofapplicableCanadiansecuritieslegislation.Forwardlookinginformationand statementsmayinclude,amongothers,statementsregardingfutureplans,costs,objectivesorperformanceof Argex, or the assumptions underlying any of the foregoing. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" "target" and similar words and the negative form thereof are used to identify forwardlooking statements. Forwardlooking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurancecanbegiventhatanyeventsanticipatedbytheforwardlookinginformationwilltranspireoroccur, includingadditionalclosingsoftheprivateplacementreferredtoabove,orifanyofthemdoso,whatbenefits Argexwillderive.Forwardlookingstatementsandinformationarebasedoninformationavailableatthetime and/or management's goodfaith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond Argex's control. These risks, uncertainties and assumptions include, but are not limited to, those described under "Risk Factors"inArgex'sAnnualInformationFormforthefiscalyearendedDecember31,2016,whichisavailable on SEDAR at www.sedar.com they could cause actual events or results to differ materially from those projectedinanyforwardlookingstatements.Argexdoesnotintend,nordoesArgexundertakeanyobligation, to update or revise any forwardlooking information or statements contained in this news release to reflect subsequentinformation,eventsorcircumstancesorotherwise,exceptifrequiredbyapplicablelaws.

Contact:

MazenAlnaimi ChairmanandChiefExecutiveOfficer|ArgexTitaniumInc.[e-mail]

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