Argentex Mining Issues 474,171 Common Shares on Partial Conversion of US$2.3M Convertible Debenture

Argentex Mining Corporation ("Argentex" or the "Company") (TSX
VENTURE:ATX)(OTCQB:AGXMF) is pleased to announce the conversion of an additional
US$130,000 of the outstanding principal amount of the Convertible Debenture held
by Austral Gold Argentina S.A. In the partial conversion, which was effected on
January 15, 2014 at a conversion price of US$0.274163 per Unit, Argentex issued
474,171 Units, consisting of 474,171 common shares and 237,085 warrants. Each
whole warrant entitles the holder to purchase one additional common share at an
exercise price of CDN$0.40 until July 2, 2018.


Details about the Convertible Debenture and the private placement in which it
was issued were previously disclosed in a press release dated July 3, 2013.


After adjusting for this partial conversion, the principal balance remaining
under the Convertible Debenture is US$260,000 and repayments of US$130,000 are
anticipated in February and March of 2014. Under the terms of the Convertible
Debenture, this amount can be repaid only by conversion into additional Units at
the conversion price of US$0.274163 per Unit. These conversions coincide with
repayments to Argentex of principal amounts outstanding under a U.S. dollar
linked loan intended to minimise currency risk. Loan repayments are made in
Argentine pesos in amounts linked to the value of the U.S. dollar at the time of
repayment.


None of the securities issued upon the partial conversion have been or will be
registered under the United States Securities Act of 1933, as amended (the
"Act"), and none of them may be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the Act. These securities are "restricted securities" under the Act and are
subject to a hold period in the United States of at least six months from the
date issued. Subject to certain exceptions, there are additional restrictions on
transfer of these securities described in an Investment Agreement between
Argentex and Austral Gold Limited. The Investment Agreement, together with all
of the other material agreements related to the July 2, 2013 financing, are
available on SEDAR at www.sedar.com.


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 the
statement after adjusting for this partial conversion, the principal balance
remaining under the Convertible Debenture is US$260,000 and repayments of
US$130,000 are anticipated in February and March of 2014. 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