Argentex Announces Grant of Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 27, 2015) - Argentex Mining Corporation ("Argentex" or the "Company") (TSX VENTURE:ATX)(AGXMF) announces that effective February 25, 2015, it granted stock options to purchase an aggregate of 900,000 shares of its common stock to three of the Company's six independent directors, who elected to receive their 2015 director fee in stock options instead of a cash retainer of CDN$5,000. Each of these three directors received 300,000 stock options.

The options granted are exercisable for three years at an exercise price of CDN$0.05 and are subject to the terms and conditions of the Company's 2012 Stock Option Plan, a stock option agreement on the Company's standard form, and the approval of the TSX Venture Exchange. The options vest immediately.

About Argentex

Argentex Mining Corporation is an exploration company focused on advancing its Pingüino silver-gold project in Santa Cruz, Argentina. In total, Argentex owns 100% of the mineral rights to more than 27 properties located within approximately 107,000 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