June 2015

TSX:RGX

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The information presented contains “forward-looking statements”, within the meaning of the United States Private Securities Litigation ReformAct of 1995, and “forward-looking information” under similar Canadian legislation, concerning the business, operations and financialperformance and condition of Argex Titanium Inc. (“Argex” or the “Company”). Forward-looking statements and forward-looking informationinclude, but are not limited to, statements with respect to estimated production, the timing and amount of estimated future production; costsof production; capital expenditures; success of exploration activities; permitting time lines and permitting ; environmental risks; unanticipatedreclamation expenses; title disputes or claims; litigation liabilities; and limitations on insurance coverage. Generally, forward-lookingstatements and forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “doesnot expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, orvariations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur”or “be achieved”. Forward-looking statements and forward-looking information are based on the opinions and estimates of management as ofthe date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause theactual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied bysuch forward-looking statements or forward-looking information. Although management of the Company has attempted to identify importantfactors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information,there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statementswill prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly,readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake toupdate any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance withapplicable securities laws.

Argex considers certain financial measures in evaluating its operating results and for financial and operational decision-making purposes.Financial measures not standardized under IFRS used by the Corporation, in this regard, such as EBITDA referenced herein, are not calculated inaccordance with or recognized by IFRS. EBITDA should not be considered as an alternative to net income in measuring Argex’s futureperformance, nor should it be used as a measure of future cash flow. EBITDA is calculated as net earnings before interest, income taxes,depreciation and amortization (“reconciling items”). The Company is currently unable to provide a reconciliation of EBITDA to projected netincome or loss as the amounts of the reconciling items, and in particular interest costs, are currently inestimable. The Corporation’s method ofcalculating non-IFRS financial measures may differ from the methods used by other companies and, as a result, the non-IFRS financialmeasures presented above may not be comparable to other similarly titled measures disclosed by other companies.

Disclaimer

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Capital structure (TSX:RGX)

June 17th, 2014

Outstanding shares (basic)

137,010,367

Options 11,619,500

Warrants 6,447,902

Fully Diluted 155,077,769

June 17th, 2015

Outstanding shares (basic)

144,333,737

Options 11,394,500

Debentures 6,578,947

Fully Diluted 162,307,184

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Argex versus TSX-V – 3 years

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Argex versus Peers - 1 Year

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2014-2015 Milestones

• Continued Process Improvement √• Environmental approval √• Engage EPCM Firm √• Strategic partnership agreement √• Project financing •Commence ordering equipment

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2014-2015 Accomplishments

• $7.5 million Convertible Debenture Issue• Elimination of all Outstanding Warrants• ICIS 2014 Innovation Award• Successful Completion of Technical Due Diligence

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Macro Challenges to Financing Success

• TSX Junior Cap Bear Market Continues• Canada-US Exchange Rate Worsens• TiO2 Prices Steadily Decline

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Corporate Challenges to Financing Success

• Significant Decline in Share Price• Financing Sponsor Uncertainty• Size of Required Capex• Onerous Cost of Capital• Duration of Technical Due Diligence• Required Monthly Burn

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Risk Allowance Resolution

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Consequences of a Failed Financing

• Lowest Share Prices since 2010• Strategic Plan Stalled• Questions regarding the Argex Technology• Loss of Confidence in Management

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All remain in place and are highly supportive PPG Industries – the largest paint company in the world ($15B rev) Off-take Agreement / Co-development relationship Technology licensing and sharing agreement

Helm AG – the third largest chemical distributor in the world ($10B Euro) Distribution and Marketing agreement for 50% of our output Exceptionally efficient sales structure

PVS Chemicals – the second largest iron chloride distributor in NA LOI for distribution of 100% of our iron by-product

Improved bench strength William White, ex Dupont Canada President Thibault and Associates

Argex’s Partners / Supporters

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Cost Reduction Measures

• Monthly burn reduced to $250k from $800k• Staff reduced from 34 to 11• Directors fees eliminated• CEO salary cut by 30%• Engineering core still intact• As required, technical assistance will be contracted with former employees

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The Argex Technology

• Endorsed by Independent Due Diligence Process• Positively Reviewed by Thibault and Associates • 4 years of PPG Collaboration• Technicas Reunidas involvement• External Review of Process by Industry Leaders• Commitment of our internal team to success of project.

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Management’s Commitment

• Close one or more funding mechanisms for completion of FEED/FEL-3 and working capital.

• Communicate to shareholders every step of the way.

• Recapture lost shareholder value through completion of milestones and new strategic partnerships.

• Secure project financing.

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Engineering Plan – Richard Poulin

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Process Intensification Program: Additional Bench and Pilot testing required to reduce risks for stakeholders and confirm rely upon

information in order to execute the FEED/FEL3; Complete pilot scale cycles under diverse steady-state conditions; Impurities testing and removal; Confirm the operating window with respect to process conditions.

FEED/FEL1 and FEL2 completed: Project strategic and commercial objectives have been set; Functional description of the facility and project performance have been delivered; Process design, equipment design, plant layout, project schedule, risks assessment, site selection, Project

Execution Plan, Permit Plan and Cost estimate (+/-25%) have been completed.

FEED/FEL3: Basic Design Engineering (30-40% detailed Design); Cost Estimate (+/-10%); Mitigate Risks; Finalize Guaranteed Target Contract Price with Tecnicas Reunidas; Constructability review; Value Engineering and Hazard and Operability Review

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Engineering Plan

Engineering team going forward: The Technology team will report within the consolidated Engineering & Technology team; The Engineering & Technology Manager and Project Director will continue to report to the

Executive VP; The Engineering team will be relocated at the Technology Center to facilitate the communication

with the Technology team; Mr. Tim McKeen from Thibault & Associates (TA) will be based at the Technology Centre as

technical advisor and coordinator of the Process Intensification Program; Mr. J. Dean Thibault, senior process chemical engineer (TA) will provide technical input to the

Process Intensification Program; Mr. Kody Belliveau and Mrs. Stephanie Goodine, process chemical engineers (TA) will assist in

bridging between the assessment of tests data and commercial plant design;

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Engineering Plan

Thibault and Associates: Process dedicated firm specialized in metallurgical, hydrometallurgical and chemical industrial

sectors; Specializes in the development of process technology, project economics and industrial design; Works with start-ups and major companies in the chemical and specialty metals industries; Has bench and small pilot scale laboratory facility.

Tecnicas Reunidas Tecnicas Reunidas (TR) will assign one of their hydro-metallurgical experts to the Technology

centre, once we start the pilot scale Process Intensification Program. TR will further assist on the leaching and SX circuit, as well as gain knowledge for the purpose of the project.

A project core team from Tecnicas Reunidas and ARGEX will be located in a project office for the execution of the Engineering phase of the project. This approach will offer a significant advantage during the FEED and detailed engineering stages. Core team members will relocate to the site to support the construction, commissioning and start-up stages.

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Global engineering, procurement and construction company

Founded: 1959

Headquarters: Madrid, Spain

Rev: €3.1B

Employees: 5,910

Bolsa Madrid: TRE

March 2015: Signed EPC agreement for Argex’s first industrial scale 50,000 tonne plant in Valleyfield, Qc

EPC contract will be performed in two phases; the first being front end engineering design (FEL3) and the second being detailed design and construction

Upon completion of the FEL3, a guaranteed target contract price will be agreed and will be based on a 50/50 cost savings/overrun approach

TRSA is a general contractor which provides EPC for industrial and power generation plants

The company has designed and built over 1,000 industrial plants worldwide with international projects accounting for 70% of annual revenue

Key areas of activity include petrochemicals, cogeneration, metallurgy, mining and iron and steel plants.

Major Partnership: Téchnicas Reunidas, S.A.

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40 km southwest of Montreal; Near a major port on the St. Lawrence Seaway 1 million square feet parcel of land secured

from City of Valleyfield Close to a local CSX rail terminal as well as to

the Port of Valleyfield. Close to a major chemical feedstock provider

First Production Site in Valleyfield, QC

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June 2015

TSX:RGX