AXMIN Inc.
TSX VENTURE : AXM

AXMIN Inc.

April 26, 2012 09:37 ET

Axmin Appoints Alex Du Plessis to the Board of Directors

TORONTO, ONTARIO--(Marketwire - April 26, 2012) - AXMIN Inc. (TSX VENTURE:AXM) ("AXMIN" or the "Company") is pleased to announce that Alexander du Plessis has joined the Board as a non-executive director, effective as of April 25, 2012. Mr. du Plessis will also serve as Chairperson to the Technical Committee of the Board, and to its Safety, Health and Sustainable Development Committee.

President and CEO of AXMIN, Mr. George Roach, comments, "I am delighted that Alex has agreed to join the Board. Previously, as a consultant to the Company, he made a significant contribution towards the tendering and adjudication process for the major build contracts and vetting the bankable feasibility study and Independent Engineers reports. Alex's wealth of experience and expertise emphasises our commitment to transitioning from an explorer to a producer and will be key in meeting our goal to build Central African Republic's first modern gold mine. On that front, AXMIN will continue to strengthen its Board with both technical and financial expertise."

Alex du Plessis has more than 30 years of mining industry experience. This experience includes mine design and operations, as well as the management of mine construction projects. In addition, he has worked in applied research and development for mining. Since 1990, Alex has consulted to a wide range of mining industry clients around the world, and has direct experience in mining projects in Canada, the United States, Asia, Australia, Eastern Europe, and south and central Africa. Alex is also a Visiting Adjunct Professor in the Centre for Mechanised Mining Systems at the University of Witwatersrand, Johannesburg.

About AXMIN:

AXMIN is a Canadian exploration and development company with a strong focus on central 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 and builds on its project pipeline focusing on transitioning from an explorer to producer. For more information regarding AXMIN visit our website at www.axmininc.com.

This press release includes certain "Forward-Looking Statements." Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "is expected", "expects", "scheduled", "intends", "anticipates", "believes", "proposes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements are based on the current expectations of the management of AXMIN. All statements, other than statements of historical fact included herein, including without limitation, statements regarding future plans and objectives of AXMIN; the closing of the Transaction; and statements regarding the ability to develop and achieve production at Passendro, to revalidate the BFS and to satisfy the terms of the Mining Licence as negotiated, 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.

Contact Information

  • AXMIN Inc.
    George Roach
    President & CEO
    +44 779 626 3999

    AXMIN Inc.
    Judy Webster
    Vice President Investor Relations
    416 368 0993 ext 221
    ir@axmininc.com
    www.axmininc.com