Argex Titanium Inc. meetings with Hung Thinh Minerals Investment Ltd. produced an agreement to proceed with the establishment of a joint venture company in Vietnam to produce pigment grade Titanium Dioxide (TiO2). Formal agreements which reflect the commitments of Argex and Hung Thin are being prepared and reviewed with attorneys representing both parties in the next 2-3 weeks. Actions agreed by the parties with respect to Vietnam government approvals, dispatch of ore samples to Argex from the Hung Thinh mines, and payment terms in the contracts are underway and are expected to be completed by the end of March.