Axmin Inc. - Gold In West & Central Africa

2+ Million Ounces Of Proven Gold In 43-101 & Gold Royalty

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Message: AXMIN Update

AXMIN Update

posted on May 21, 2009 12:12PM
May 21, 2009
AXMIN Update
TORONTO, ONTARIO--(Marketwire - May 21, 2009) - AXMIN Inc. (TSX VENTURE:AXM) is pleased to announce the filing of its first quarter report for the three months ended March 31, 2009. The full report can be viewed on the Company's website (www.axmininc.com) and on the SEDAR website (www.sedar.com).

AXMIN would also like to remind shareholders that the Annual and Special Meeting of Shareholders will be held on Tuesday, June 2, 2009 at 10:00 ET at the Toronto Board of Trade, MacDonald Room, at 77 Adelaide Street West, Toronto, Ontario Canada. After the formal meeting, Mario Caron, President and CEO, will be updating shareholders on the Company's activities and plans for the 2009. A webcast of the meeting will be available on our website at www.axmininc.com.

Issuance of Stock Options

Further to the press release of April 17, 2009 announcing the appointment of Francois Auclair as Vice President Exploration effective May 19, 2009, the Company has granted stock options for 500,000 common shares of the Company exercisable at Cdn$0.10 each, expiring on May 18, 2014. These stock options have been granted in accordance with the Company's Stock Option Plan 2005. Immediately following this award, the Company had on issue and outstanding stock options for 7,515,000 common shares of the Company and there were 22,212,990 common shares of the Company reserved for issuance under the Stock Option Plan 2005.

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