Argentex Completes 2013 Resource Development Drilling Program at Pinguino

Argentex Mining Corporation ("Argentex" or the "Company") (TSX
VENTURE:ATX)(OTCQB:AGXMF) is pleased to announce the completion of its 2013
resource development drilling program (Phase IX) at its 100% owned Pinguino
silver and gold project located in Santa Cruz Province, Argentina. The
3,003-metre drill program, which was undertaken from September 12, 2013 to
October 26, 2013, was comprised of 58 holes of reverse circulation drilling
targeting oxide material in previously discovered high priority veins, which is
not included in the current resource model. Additionally, approximately 7,700
metres of trenching is being finalised to test continuity to surface of
mineralisation.


"The program was completed on schedule and on budget. Upon receipt of the new
drill results, our plan is to update the mineral resource estimate at Pinguino
with a goal of increasing the inventory of near surface oxide material,"
commented Michael Brown, President and CEO of Argentex. "We continue to review
internal engineering studies to determine the next stage of development of the
project."


About Pinguino

Argentex's 10,000-hectare advanced silver and gold exploration Pinguino project
is located in Argentina's Patagonia region, within the Deseado Massif of Santa
Cruz province. The Deseado Massif is an active region of mining with four
precious metal mines currently in production, and includes multiple active
advanced and early stage exploration projects.


The Pinguino system has grown to 70+ individual veins, with a combined strike
length approaching approx. 113 line-kilometers. The Pinguino project is unique
within the Deseado Massif region of Santa Cruz province in that it contains two
different and spatially distinct types of mineralisation; a precious metal
intermediate sulphidation epithermal system and a polymetallic sulphide-rich
system. 


Pinguino is easily accessible, situated approximately 400 meters above sea level
in low-relief topography. An existing system of all-weather roads provides
year-round access to the property.


Technical content of this press release has been reviewed and approved by
Michael Brown, MAIG, the President and CEO of Argentex Mining Corporation, and a
Qualified Person as defined by National Instrument 43-101.


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 our plan is
to update the mineral resource estimate at Pinguino with a goal of increasing
the inventory of near surface oxide material. 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
Peter A. Ball
EVP Corporate Development
604-568-2496 (ext. 103) or 1-888-227-5285 (ext. 103)
604-568-1540 (FAX)
[e-mail]
www.argentexmining.com