AXM AXMIN INC

AXMIN Inc. (TSX VENTURE:AXM) ("AXMIN" or the "Company") comments today on a
recent news report from Bangui, Central African Republic ("CAR") that there has
been at least 37 deaths reported from a collapse of a pit, during heavy rains at
a gold mine in Ndassima, CAR. 


On December 24, 2012, AXMIN declared a Force Majeure with the State of CAR due
to the escalating political volatility in country. Since that time, AXMIN has
not had access to its Passendro project. Prior to the Force Majeure, AXMIN's
operations were exploration in nature, resource and geotechnical drilling and
some pre-production infrastructural upgrades of the roads.


AXMIN's CEO, comments, "AXMIN is deeply saddened to learn of the tragic loss of
life at a mine collapse in an area of the Passendro gold project that has been
unlawfully occupied by illegal artisanal miners since the Company declared Force
Majeure in December 2012. The greatest risk to illegal artisanal mining
activities is safety, where miners build tunnels and deep pits in unstable
conditions. Following AXMIN's meeting in Bangui with representatives of the new
transitional government, the State expressed its commitment to work with the
Company to ensure full access and a stable environment at its Passendro Gold
Project as quickly as possible, thus allowing AXMIN to resume operations and
properly secure the site." 


About AXMIN:

AXMIN is a Canadian exploration and development company with a strong focus on
central, east and West Africa. AXMIN has projects in Central African Republic,
Mozambique and Senegal. AXMIN is positioned to grow in value as it progresses
its Passendro Gold Project towards development focusing on transitioning from an
explorer to producer. For more information regarding AXMIN visit our website at
www.axmininc.com.


About Dickson:

Dickson Resources Limited is an international private resources firm backed by
the private capital of its founders. The company is a BVI registered company
headquartered in Hong Kong. Having a team of geological and financial experts,
Dickson is committed to investing internationally in the exploration and mining
of natural resources. Meanwhile Dickson's scope of business reaches beyond the
mining sector to international trade, marketing and advisory services which are
all part of its business expertise.


This press release includes certain "Forward-Looking Statements." All
statements, other than statements of historical fact included herein, including
without limitation, statements regarding future plans and objectives of AXMIN;
and statements regarding the ability to develop and achieve production at
Passendro are forward-looking statements that involve various risks and
uncertainties.


There can be no assurance that such statements will prove to be accurate and
actual results and future events could differ materially from those anticipated
in such statements. Important factors that could cause actual results to differ
materially from AXMIN's expectations have been disclosed under the heading "Risk
Factors" and elsewhere in AXMIN's documents filed from time-to-time with the TSX
Venture Exchange and other regulatory authorities. AXMIN disclaims any intention
or obligation to update or revise any forward-looking statements whether
resulting from new information, future events or otherwise, except as required
by applicable law.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
AXMIN Inc.
Judy Webster
Vice President Investor Relations
416 368 0993 ext 221
ir@axmininc.com
www.axmininc.com

AXMIN (TSXV:AXM)
Historical Stock Chart
From Nov 2024 to Dec 2024

AXMIN (TSXV:AXM)
Historical Stock Chart
From Dec 2023 to Dec 2024