http://cxa.marketwatch.com/TSX/en/Market/article.aspx?guid=http%3a%2f%2fsystem.marketwatch.com%2fnewscloud%2fdocguid%2f%7b5CEE5E64-BB93-4093-9DDB-FC6BF675F3AE%7d&symb=AXM

) is pleased to announce that the Company's major shareholder AOG Holdings BV ("AOG"), a wholly owned subsidiary of The Addax & Oryx Group Limited has exercised 4,000,000 common share purchase warrants at a price of Cdn$0.14 per share for a total consideration of Cdn$560,000.00. Following the exercise of the warrants AOG exercises control and direction over 151,525,326 common shares of the Company, representing 49.6% of the Company's 305,679,901 issued and outstanding common shares.

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This press release includes certain "Forward-Looking Statements." All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential mineralization and reserves, exploration results and future plans and objectives of AXMIN, 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 are disclosed under the heading "Risk Factors" and elsewhere in AXMIN documents filed from time-to-time with the TSX Venture and other regulatory authorities. AXMIN disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

SOURCE: AXMIN Inc.

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