Argentex Submits Pinguino Samples for Testing.

Business Editors

TORONTO--(BUSINESS WIRE)--June 8, 2004

Argentex Mining Corporation (OTCBB:AGXM) today announced that it has completed initial exploration work, including extensive sampling, on two properties located in Santa Cruz Province, Argentina. The primary focus of study was the company's Pinguino property, where Argentex is targeting known mineralization identified by the previous operator of the property. Sampling was also conducted on the El Condor property. The samples are currently being assayed, with results to be released as they become available.

Pinguino

Extensive geophysical and geochemical work has been completed at Pinguino, with a total of 300 rock samples and 1,313 soil samples collected from the property.

Over 75 miles (120 kilometers) of grid line was laid out on a known mineralized strike length of 3.75 miles (six kilometers) over the principal vein, providing a significant tightening of the grid in and around anomalous zones. In total, 1,313 soil samples were collected on this grid at 50-meter intervals on 100 meter spaced lines. Approximately 25 line miles (40 line kilometers) of 3D Induced Polarization (IP) geophysics was completed by SJ Geophysics, an independent Canadian geophysical contractor. Argentex also collected 300 rock samples from a total of 22 earlier trenches. A total of 18 trenches were cleaned out and rock samples were cut using a diamond saw, allowing continuous channel samples to be collected. Rock chip samples were also taken from three of these 18 sites and from four additional trenches.

A system of sample duplicates, including rocks and soils, was completed and the Pinguino samples have been shipped to Acme Labs for assaying.

El Condor

At El Condor, a previously sampled site known to contain visible gold was confirmed and sampled on a rectangular grid of two line miles (3.2 line kilometers), with 46 soil samples collected for analysis. In addition, two line miles of 3D IP data was recorded over the main area of mineralization.

Independent Review

Independent consulting geologist Mr. Bob Morris, P.Geo, visited both the Pinguino and El Condor properties and collected data for an independent geological report that may be required in the future.

"I was impressed with the quality of work being carried out by the Argentex crew at El Condor and Pinguino," said Morris. "At Pinguino, the soil sample media appears to be consistent across the property and the sample spacing should be adequate to locate near surface targets. Follow-up around anomalous samples may prove to be important in extending known zones. The trenching was reviewed and several of the trenches extended, and re-sampling is of the highest quality and should provide good results. A detailed comparison between the original results and the new samples is important and is expected to both increase the company's confidence in its Pinguino property and verify the prior data."

Results Forthcoming

Results from Argentex's exploration initiatives at Pinguino and El Condor will be forthcoming following receipt of assay results from Acme Labs. These assays will be compiled and analyzed by Argentex management and independent consultants. This process is scheduled to take place over a two to three month period, with results being released as they become available.

About Argentex

Argentex Mining Corporation is a junior mining exploration company with significant holdings in the Patagonia region of Argentina. The company currently owns mineral rights to 30 properties with over 336,000 acres (132,000 hectares) of highly prospective land, located in the Santa Cruz and Rio Negro provinces of Argentina. Argentex is well funded for its 2004 exploration program. The company trades under the symbol AGXM on the OTCBB.

Information Regarding Forward-Looking Statements: Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause Argentex's actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, volatility of commodity prices, product demand, market competition, and risks inherent in Argentex's operations. These and other risks are described in the Company's Annual Report on Form 10-K and other filings with the Securities and Exchange Commission.

Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.