AXMIN Inc.
TSX VENTURE : AXM

AXMIN Inc.

June 24, 2008 16:41 ET

AXMIN Inc.: Appointment of Secretary and Issuance of Stock Options

TORONTO, ONTARIO--(Marketwire - June 24, 2008) - AXMIN Inc. (TSX VENTURE:AXM) announces:

- the appointment of Shirley Kozel as Secretary of the Company with immediate effect. Craig Banfield has resigned as Secretary of the Company but will remain Chief Financial Officer of the Company; and

- the grant on June 23, 2008 of stock options for 250,000 common shares of the Company exercisable at Cdn$0.45 each expiring on June 22, 2013. 50,000 of these stock options have been awarded to Shirley Kozel, Secretary of the Company. 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 9,590,000 common shares of the Company and there were 14,971,323 common shares of the Company reserved for issuance under the Stock Option Plan 2005.

About AXMIN

AXMIN, a gold exploration company, offers dynamic growth with a track record of finding and developing mines in Africa. AXMIN is one of only a few companies of comparable or even larger size that has such a potential to develop multiple gold mines in west and central Africa. 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.

Contact Information

  • AXMIN Inc.
    Mario Caron
    President & CEO
    (416) 304-6608
    or
    AXMIN Inc.
    Judy Webster
    Manager Investor Relations
    (416) 368-0993
    Email: ir@axmininc.com
    Website: www.axmininc.com