Argentex Mining Corporation is in the mineral resource business. This business consists of three stages: exploration, development and production. The company is in the exploration stage. The Company’s wholly owned subsidiary company, SCRN Properties Ltd., owns interests in three mineral properties located in the Rio Negro and Santa Cruz provinces of Argentina. The Company owns interests in a fifth mineral property located in the Pleasant Valley area near the City of Merritt, in south-central British Columbia. As of January 31, 2009, the Company had concentrated the bulk of its exploration efforts on the Pinguino property, which is located in the Santa Cruz province of Argentina.