AXMIN Inc.
TSX VENTURE : AXM

AXMIN Inc.

September 08, 2008 15:41 ET

AXMIN Appoints Alex Dann Chief Financial Officer

TORONTO, ONTARIO--(Marketwire - Sept. 8, 2008) - AXMIN Inc. (TSX VENTURE:AXM) announces the appointment of Mr. Alex Dann as Vice-President, Finance and Chief Financial Officer of the Company.

Mr. Dann is a Chartered Accountant with over 15 years of experience leading the financial operations and strategic planning for multinational companies primarily in the mining sector. Alex has held senior roles with Falconbridge, Rio Algom Ltd., and most recently as CFO of Goldbelt Resources Ltd. which was sold to Wega Mining ASA in late 2007. At the time of the sale, Goldbelt was developing the Inata gold project in Burkina Faso. Prior to joining Goldbelt, Alex headed the Finance group for an automotive parts supplier that included Magna International Inc. as one of the primary partners.

Mr. Dann succeeds Craig Banfield who leaves to pursue other opportunities. Mr. Banfield will remain with AXMIN for a period to ensure a smooth transition.

Mr. Mario Caron AXMIN's President and CEO comments "We are very pleased to welcome Alex to the AXMIN team and his depth of financial and operational experience will be invaluable in developing the Passendro Gold Project. Craig was the Company's CFO since its initial public offering in 2001 and played a key role in its evolution. I thank Craig for his contributions and wish him all the best."

Coincident with Mr. Dann's appointment, he was granted on September 2, 2008 stock options for 500,000 common shares of the Company exercisable at Cdn$0.15 each expiring on August 31, 2013.

About AXMIN

AXMIN is a Canadian exploration and development company with a strong focus on central and west Africa. AXMIN's goal is to rapidly move its Passendro Gold Project, Central African Republic towards production. AXMIN is positioned to grow in value as it develops its project pipeline in parallel pursuing new opportunities to increase its asset base. For more information regarding AXMIN visit our website at www.axmininc.com.

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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • AXMIN Inc.
    Mario Caron
    President & CEO
    (416) 368-0993 ext 223
    or
    AXMIN Inc.
    Judy Webster
    Manager Investor Relations
    (416) 368-0993 ext 221
    Email: ir@axmininc.com
    Website: www.axmininc.com