ATX Atex Resources Inc

Argentex Mining Corporation ("Argentex" or the "Company") (TSX
VENTURE:ATX)(OTCQB:AGXMF) is pleased to announce the conversion of an additional
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
December 16, 2013 at a conversion price of US$0.274163 per Unit, Argentex issued
474,171 Units, consisting of 474,171 common shares and 237,086 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 partial conversion, the principal balance remaining
under the Convertible Debenture is US$390,000 and repayments of US$130,000 are
anticipated in January, February and March of 2014. Under the terms of the
Convertible Debenture, this amount can be repaid only by conversion into
additional Units at the conversion price of US$0.274163 per Unit. These
conversions coincide 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. 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

Statements in this news release that are not historical facts are
forward-looking statements that are subject to risks and uncertainties. Words
such as "expects", "intends", "plans", "may", "could", "should", "anticipates",
"likely", "believes" and words of similar import also identify forward-looking
statements. Forward-looking statements in this news release include the
statement after adjusting for this partial conversion, the principal balance
remaining under the Convertible Debenture is US$390,000 and repayments of
US$130,000 are anticipated in January, February and March of 2014. Actual
results may differ materially from those currently anticipated due to a number
of factors beyond the Company's control. These risks and uncertainties include,
among other things, management's assumptions about the availability of the
necessary consultants and capital and the risks inherent in Argentex's
operations, including the risks that the Company may not find any minerals in
commercially feasible quantity or raise enough money to fund its exploration
plans. These and other risks are described in the Company's Annual Information
Form and other public disclosure documents filed on the SEDAR website maintained
by the Canadian Securities Administrators and the EDGAR website maintained by
the Securities and Exchange Commission.


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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