Company Information for AXMIN Inc

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TSX.V; AXM View full financial data

Company Statement

AXMIN Inc. a gold exploration company offers dynamic growth with a track record of finding and developing mines in Africa. AXMIN's strategy is to focus on newly democratic countries where it has the opportunity to acquire highly prospective ground as an early entrant. The Company has a substantial depth of African experience both through its team of explorers and its major shareholder The Addax and Oryx Group.

"AXMIN will continue to focus on frontier countries where it has the opportunity to acquire highly prospective ground as an early entrant, such as in the Central African Republic and Sierra Leone, and in areas where it has strategically located projects, such as in Mali and Senegal."  Dr Jonathan Forster

Current Operations

AXMIN holds the premier land position in the Central African Republic (CAR) with six permits totaling over 3,900 sq km. Its most advanced being the Passendro Gold Project located in the centre of its 140 km long Bakala-Bambari permits in CAR has a total resource of 2.6 million ounces of gold (indicated resource of 1.8 million ounces in 23.2 Mt grading 2.4 g/t Au and inferred resource of 1.01 million ounces in 16.7 Mt grading 1.9 g/t Au). In April 2008 AXMIN completed its definitive feasibility study on the 200,000 ounce per year Passendro Project, to include a resource/reserve of 1.3 million ounces of gold in 16.8 Mt grading 2.4 g/t Au. In addition to Passendro, AXMIN also operates in the 15 moz Loulo district in western Mali, where it has a current resource of 0.66 million ounces at its Kofi Gold Project (indicated resource of 293,000 ozs in 3.6 Mt grading 2.5 g/t Au and inferred resource of 368,000 ozs in 5.3 Mt grading 2.2 g/t Au) and an initial inferred resource of 392,000 ounces in 4.9 Mt grading 2.5 g/t Au on its Komahun Project in Sierra Leone. Resource upgrades are expected from Komahun projects in Q4 2008.

As AXMIN continues its discussions witht he Government of CAR with respect to the issuing of the Mining Licence for Passendro in parallel its projects in Mali and Sierra Leone are gaining ground. It’s the Company’s objective to maintain the pace of advancement on all fronts to ensure that there is a pipeline of development projects as it makes the transition from explorer towards producer.

Geographical Spread

Africa

Board of Directors and Key Management

Senior Management
Jean Claude Gandur	Chairman
Dr Michael Martineau	Deputy Chairman
Mario Caron	President/Chief Executive Officer
Dr Jonathan Forster	Head of Exploration
Alex Dann	Vice President Finance & Chief Financial Officer
Judy Webster	Manager Investor Relations
Shirley Kozel	Corporate Secretary
Charles Carron Brown	GM Passendro Project
Judith Webster	Manager - Investor Relations
Directors
Michael Ebsary
Robert Jackson
Jonathan Forster
Jean Claude Gandur
Michael Martineau
Ted Reeve
Robert Shirriff
Anthony Walsh
Francois Jaclot (non-executive)

Company Address Toronto Dominion Bank Tower Suite 4200 Toronto, ON, M5K 1N6 Telephone: +416 368 0993 Facsimile: 416 367 1954 Email: info[at]axmininc.com Website: http://www.axmininc.com

Additional Address/Key Contact Representative Office (UK) Suite 107, Kent House 81 Station Road Ashford, Kent, UK TN23 1PP Tel: +44 (0) 1233 665600 ir@axmininc.com

Capital Capital structure as at Nov 19, 08: In issue - 272,279,901 common shares Fully diluted - 322,841,568 common shares

Annual General Meeting June

Year End December 31

Nominated Brokers RBC Capital Markets Haywood Securities

Broker/Analyst Reports

31/08/07 - Haywood Securities Inc.
17/11/06 - Feb 06 Andrew Kaip, Haywood Securities

Major Shareholders

AOG Holdings BV 44.69% (48.24% fully diluted)

Related News

12/05/09 - Axmin Limits Activity While It Awaits The Mining Licence For Its Passendro Gold Project In The CAR
01/10/08 - Is An Inscrutable Chinaman Playing High Stakes Poker With AXMIN And The Government Of The Central African Republic?

Most Recent Statement

02/12/08 - AXMIN Announces Board Appointment
01/12/08 - Tiomin Resources Makes Changes to Board of Directors
19/11/08 - AXMIN Announces Closing of Cdn$4 Million Non-Brokered Private Placement
17/11/08 - September Quarter Financial Statements and MD and A
10/11/08 - AXMIN Announces Non-Brokered Private Placement
06/11/08 - ESIA Approval Another Milestone for the Passendro Gold Project, Central African Republic