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Argentex: Second Drill Rig Commences Targeted Program At Pinguino Silver Property

FURTHER INFORMATION: Ken Hicks, President Argentex Mining Corporation 1-866-594-7687

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 statements about the company's anticipation that the proposed program will included 17,000 meters of drilling and 12,000 meters of trenching and its statements that "geological modeling suggests a possible zone of secondary silver enrichment at that interface. Excellent potential exists within these targets for expansion and definition of additional silver mineralization.", "The exciting new discoveries in 2010 of high-grade silver within the Tranquilo and Luna structures adds to the overall potential of the previous known precious metal mineralization at Pinguino" and "Recent high-grade silver discoveries within newly tested structures of the district-scale vein system at Pinguino show potential for the development of a significant silver resource." 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, competition for qualified personnel and risks that are inherent in Argentex's operations including the risk that the Company may not find any minerals in commercially feasible quantity or raise funds sufficient to prosecute its exploration plans. These and other risks are described in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.

SOURCE Argentex Mining Corporation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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