AXMIN INC.

AXMIN reported a 30% increase in the measured and indicated resource at Main Zone, Passendro project in the Central African Republic. This together with the updated resources at Katsia, Baceta and the new zone Mbourou represent a 10% increase in the overall resources. The measured and indicated resource is now 2.0 million ounce gold (31.5 Mt grading 2.0 g/t Au) and an inferred mineral resource of 1.1 million ounce gold (21.7 Mt grading 1.6 g/t Au). Separately, a low grade (0.3-0.8 g/t Au) mineral resource estimate at Main Zone has also been completed which contains an additional 458,000 ounces of measured and indicated resource and 550,000 ounces of inferred resource.