I want to thank you for taking the time to visit our web site and learn more about Argentex and its new polymetallic discovery in the Patagonia region of Argentina.

Our discovery at Pinguino is a new type of mineral deposit, previously not known to exist in the Deseado Massif region of Santa Cruz province.  This zinc-lead-indium-silver-gold-copper polymetallic discovery, which was identified through our aggressive exploration efforts over the past three years, has generated a great deal of interest from major mining companies and the academic community.  This interest comes at a time of record base metal and precious metal prices.

Argentex has the advantage of a superb and experienced technical team in the field, supervising programs of ground geophysics, soil geochemistry, trenching, detailed mapping and drilling. Through their research, they also have an excellent academic perspective on the potential footprint of the deposit at Pinguino.  We have a solid exploration methodology to help us expand known mineralization at Pinguino and we are using this model to target additional discoveries.

With four successful phases of drilling at Pinguino under its belt, Argentex recently raised $2 million dollars from an institutional investor.  This money is being put towards our largest-ever exploration program in Argentina, which is currently underway.

In Santa Cruz, we hold mineral rights to 13 properties totaling some 200,780 acres (81,947 hectares), while in Rio Negro our 18 properties cover approximately 175,000 acres (70,819 hectares).  We are grateful to be working in a province with three operating mines.  A fourth mine is expected to come online in 2008, further underscoring the fact that Santa Cruz is one of Argentina's most mining-friendly provinces.

While Argentex's lesser-known properties have been somewhat overshadowed by our tremendous exploration success at Pinguino, some of them would likely be the centerpiece of any aspiring junior exploration portfolio.  Our Condor property, for example, is known to host epithermal quartz veins containing visible gold on surface.  The property has never been trenched or drilled.  We plan to advance Condor with its first-ever drill program, currently scheduled to commence in early 2008.  Cerro Contreras was mapped in detail in 2006 and we discovered a number of large alteration halos within an environment suitable for epithermal precious metal mineralization.

In summary, Argentex has made the leap from being an aspiring junior explorer to a company that has made a significant discovery within a few short years.  We are now in the enviable position of being able to continue developing the potential of our Pinguino deposit while we concurrently expand into other prospective properties in Santa Cruz province.  We believe that the value we have added in three short years will continue to grow as we continue down this exciting path.

Sincerely,

"Ken Hicks"