ATX Atex Resources Inc

Argentex Mining Corporation ("Argentex" or the "Company") (TSX VENTURE:ATX)
(OTCQB:AGXMF) is pleased to announce that on July 15, 2013, it converted
US$250,000 of the outstanding principal amount of the US$2.3 million convertible
debenture issued earlier this month to Austral Gold Argentina S.A. In the
partial conversion, which was effected July 15, 2013 at a conversion price of
U.S.$0.274163 (CDN$0.2882) per Unit, Argentex issued 911,867 common shares and
455,933 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.


The details of the private placement in which Argentex sold this Convertible
Debenture and other securities to Austral Gold Argentina S.A. and its parent,
Austral Gold Limited (ASX:AGD) 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 of US$2,050,000 can be repaid only by conversion
into an additional 7,477,309 units.


Except as specified in this press release, none of the securities to be offered
or sold in this private placement 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. The securities issued
pursuant to this partial conversion 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. In addition, these securities are subject to a hold period
under applicable Canadian securities laws and the requirements of the TSX
Venture Exchange, which will expire on November 3, 2013. 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

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)
peter@argentexmining.com
www.argentexmining.com

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