Toronto, ON, April 1, 2008 -- Argentex Mining Corporation (TSX-V: ATX, OTCBB: AGXM) is pleased to announce that it recently completed two private placements in which it raised aggregate gross proceeds of US$3,850,000 at US$1.25 per unit.  Each unit consisted of one common share and one-half of one common share purchase warrant.  One of the private placements, in which Argentex raised $3,750,000 of the gross proceeds referred to above, was a brokered private placement in which PI Financial Corp. acted as the Agent.

Argentex has agreed to use the net proceeds to continue exploration at its flagship polymetallic Pinguino property, to fund exploration of its other Santa Cruz mineral properties and for general corporate purposes.

"This financing recognizes the significant advancements we have made at Pinguino to date and underscores our confidence in its potential," said Ken Hicks, President of Argentex.  "It also provides us with the capital to continue aggressively advancing exploration and engineering activities at Pinguino. Drill testing of our epithermal gold-silver Condor property and additional exploration on other prospective earlier-stage discoveries in Santa Cruz province is proposed for 2008."

In a short period of time, Argentex has advanced the Pinguino project from a raw prospect to a drill-tested, multi-zone mineralized system with massive sulphide mineralization containing zinc, lead, silver and indium as well as high-grade silver-gold intersections.  Drilling is ongoing at Pinguino as part of the company's largest-ever drill program.

For additional details about these financings, please refer to the Form 8-K filed by Argentex on the Securities and Exchange Commission's EDGAR website on March 27, 2008.

Argentex Mining Corporation is a junior mining exploration company with significant holdings in the Patagonia region of Argentina. The company holds an option to acquire 100% mineral rights to the Pinguino property and owns 100% mineral rights to more than 30 properties with over 377,490 acres (152,766 hectares) of prospective land located in the Santa Cruz and Rio Negro provinces of Argentina.  Shares of Argentex common stock trade under the symbol AGXM on the OTCBB and, beginning July 28, 2008, will trade on the TSX Venture Exchange under the symbol ATX.

Argentex Mining Corporation
Investor Relations
[email protected]

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