AXMIN Monitors Events in the Central African Republic

TORONTO, ONTARIO -- (Marketwire) -- 03/26/13 -- AXMIN Inc. (TSX VENTURE: AXM) ("AXMIN" or the "Company") announced today that it is closely monitoring developments and news reports in the Central African Republic ("CAR").

President and CEO of AXMIN, Mr. George Roach, comments, "We note the undertaking to respect the terms of the Libreville peace accord signed in January that led to the appointment of a new Government in CAR and we remain confident that the Government will prioritise a stable 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.

Neither 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.

Contacts:

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