AXMIN Inc.
TSX VENTURE : AXM

AXMIN Inc.

March 12, 2012 16:05 ET

AXMIN Grants Stock Options

TORONTO, ONTARIO--(Marketwire - March 12, 2012) - AXMIN Inc. (TSX VENTURE:AXM) ("AXMIN" or the "Company") announces the recent granting of stock options to employees, non-executive directors, officers, a consultant and the Vice President Investor Relations of the Company for an aggregate of 1,765,000 common shares of the Company exercisable at C$0.60, being the closing price of the Company's shares on March 9, 2012. These stock options have been granted in accordance with the Company's Stock Option Plan 2005.

Immediately following this award of stock options the Company had on issue and outstanding stock options for 4,445,000 common shares of the Company and there were 1,837,717 common shares of the Company available for future grant.

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." 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, 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