Argex appoints leader of Tio2 Pigment Development team

MONTREAL, May 1, 2013 /CNW Telbec/ - Argex Titanium Inc. (TSXV: RGX) ("Argex" or the "Company") is pleased to announce the appointment of Peter Waugh to lead its TiO₂ Pigment Development. The appointment is effective immediately.

"We are delighted to welcome Peter Waugh to the Argex team. Peter is a veteran in the TiO₂ industry and has worked with some of the top producers in the world," stated Roy Bonnell, President and CEO of Argex Titanium. "Peter will lead the development team at our Valleyfield facility and he will be actively involved in our business as we approach full commercial production."

Mr. Waugh brings over 30 years experience in the mineral and chemical industries to Argex. For more than 20 years, he held senior roles, including that of Technical Director, with major TiO₂ pigment supplier Tioxide which became Huntsman Pigments, where his work involved the commercial production of pigments and raw materials used in titanium dioxide. A project leader in manufacturing process improvement, Mr. Waugh is an experienced practitioner of Lean Six Sigma, which is widely recognized by businesses around the world to improve operational productivity and competitiveness. During his career, he has taken the lead in a number of global continuous improvement projects in the manufacturing sector. Since 2011 he has provided consultancy services to a range of clients in the TiO₂ industry and his role with Argex further extends such commitments. He holds a degree in Mining Geology from Imperial College in London England and is currently pursuing a Master's degree at Durham University Business School.

About Argex Titanium Inc.

ARGEX Titanium Inc. is a near-term producer of Titanium Dioxide (TiO₂).  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 pigment-grade TiO₂ directly from run-of-mine material. The closed-loop process is environmentally friendly and produces minimal inert tailings.

Argex is pleased to have selected Valleyfield, Quebec as the location for its first industrial-sized production facility. The location of the site can be viewed at Argex Valleyfield.

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.