Carmax's Resignation of Director

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 25, 2016) - Carmax Mining Corp. ("Carmax") (TSX VENTURE:CXM) wishes to announce that Jeff Poloni has tendered his resignation to the Board of Directors as a director and Vice-President of Exploration and the Board has accepted his resignation.

In conjunction with this resignation, he has further withdrawn his consent to stand for re-election to the Board at the Annual General Meeting presently scheduled to be held April 27^th, 2016.

For further information, please visit the website at www.carmaxmining.com to view the Company's profile.

Jevin Werbes, President/CEO

Neither the 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.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities described herein in the United States. The securities described in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. This news release is not for distribution in the United States or over United States newswires.

All forward-looking information herein is qualified in its entirety by this cautionary statement, and Carmax disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.