Argentex Mining Corporation ("Argentex" or the "Company") (TSX VENTURE:ATX)
(OTCQB:AGXMF) is pleased to announce the conversion of the final 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 March 17,
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 final partial conversion, there is no balance remaining
under the Convertible Debenture. These conversions have coincided 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

FOR FURTHER INFORMATION PLEASE CONTACT: 
Argentex Mining Corporation
Michael Brown
President and CEO
604-568-2496 (ext. 105) or 1-888-227-5285 (ext. 105)
604-568-1540 (FAX)
mike@argentexmining.com
www.argentexmining.com
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