AXM AXMIN INC

AXMIN Inc. (TSX VENTURE:AXM) ("AXMIN" or the "Company") is pleased to reference
COMMUNIQUE GOUVERNEMENTAL NUMERO 01 of the Transitional Government of the
Central African Republic ("CAR") that confirms that all lawfully and
legitimately concluded contracts with the State will be honoured. In August
2010, AXMIN announced the award of the Passendro 25-year Mining Licence and
accompanying 2010 Amendment to the 2006 Mining Convention along with the award
of the Bambari 1 and 2 Exploration Licences. As per the CAR Mining Code the
above became official on, August 7, 2010 when it was published in the Government
Gazette. Both the Gazette and the Communique referred to are attached below. 


President and CEO of AXMIN, Mr. George Roach, comments, "This is further
confirmation of the validity of AXMIN's legally binding contractual agreements
with the State and the will of the CAR transitional government both to honour
those agreements and to create an environment in which we will be able to
develop the Passendro Mine."


About AXMIN:

AXMIN is a Canadian exploration and development company with a strong focus on
central and West Africa. AXMIN has projects in the 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 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.


To view the documents associated with this press release, please visit the
following link: http://media3.marketwire.com/docs/AXMIN-CAR_Communique.pdf.


FOR FURTHER INFORMATION PLEASE CONTACT: 
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

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