April 07, 2006 12:47 ET

AXMIN Inc.: Executive Role for Dr Michael Martineau

TORONTO, ONTARIO--(CCNMatthews - April 7, 2006) - AXMIN Inc. (TSX VENTURE:AXM) is pleased to announce that Dr Michael Martineau, Deputy Chairman and President of the Company, is to resume an executive role with specific responsibility for Corporate Development and Investor Relations. In addition, Dr Martineau has recently been granted stock options for 950,000 common shares of the Company exercisable at Cdn$0.74 each expiring on April 4, 2008. 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 15,986,129 common shares of the Company reserved for issuance under the Stock Option Plan 2005.

Dr Martineau comments "I am delighted to be resuming an executive role with AXMIN to assist in the development and promotion of the strong portfolio of discoveries that Jon Forster's team have made in central and west Africa. Few companies of comparable or even larger size can have such a potential to develop multiple gold mines in the newly developing and democratic countries of this part of the African continent."

AXMIN is a mineral exploration company with a strong focus on gold in highly prospective properties across central and west Africa.

For more information regarding AXMIN visit our website at

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

Contact Information

  • AXMIN Inc.
    Jon Forster
    Chief Executive Officer
    +44 (0)1233 665600 (UK)
    AXMIN Inc.
    Judith Webster
    Manager - Investor Relations
    +1 (416) 368-0993 (North America)