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’s first feasibility study is completed at Passendro in Central African Republic as the Kofi Project in Mali and the Komahun Project in Sierra Leone rapidly gain momentum. The company’s objective is to maintain the pace of advancement, ensuring a strong pipeline of development projects to follow Passendro as AXMIN makes the transition from explorer towards producer.

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

Management
Jean Claude Gandur	Chairman
Dr Michael Martineau	Deputy Chairman
Mario Caron	President/Chief Executive Officer
Dr Jonathan Forster	Head of Exploration
Craig Banfield	CFO
Judy Webster	Manager Investor Relations
Howard Bills	Exploration Manager
Charles Carron Brown	GM Passendro Project
Directors
Michael Ebsary
Jonathan Forster
Jean Claude Gandur
Michael Martineau
Ted Reeve
Robert Shirriff
Anthony Walsh
Francois Jaclot (non-executive)

Company Address Investor Office 120 Adelaide Street West Suite 2500 Toronto, ON, M5H 1T1 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 T: +44 (0) 1233 665600 ir@axmininc.com

Capital In issue - 245,613,234 common shares Stock options - 1,450,000 at Cdn$1.00 each expiring Dec 18, 08 - 150,000 at Cdn$0.70 each expiring Oct 04, 09 - 650,000 at Cdn$0.67 each expiring Dec 13, 09 - 200,000 at Cdn$0.55 each expiring Dec 05, 10 - 855,000 at Cdn$0.71 each expiring Mar 08, 11 - 3,575,000 at Cdn$0.99 each expiring Jan 24, 12 - 200,000 at Cdn$0.90 each expiring Oct 31, 12 - 200,000 at Cdn$0.77 each expiring Dec 02, 12 - 2,000,000 at Cdn$0.82 each expiring Dec 23, 12 - 250,000 at Cdn$0.45 each expiring Jun 22, 2013 - 500,000 at Cdn$0.15 each expiring Augn 31, 2013 Warrants - 7,500,000 at Cdn$0.57 each expiring Jun 02, 10 - 2,786,314 at Cdn$0.57 each expiring Jun 09, 10 - 4,713,686 at Cdn$0.57 each expiring Jun 13, 10 Fully diluted - 275,143,234 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 38.72% (37.98% fully diluted)

Related News

01/10/08 - Is An Inscrutable Chinaman Playing High Stakes Poker With AXMIN And The Government Of The Central African Republic?
19/12/07 - AXMIN Adds More Gold And Nears Production
31/05/07 - AXMIN Piling Up Gold Resources In The Central African Republic

Most Recent Statement

02/12/08 - AXMIN Announces Board Appointment
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
03/11/08 - Mineral Deposits to Spend US$2.5 Million to Earn 51% Interest in AXMIN's Senegal Permits