AXMIN Inc. (TSX VENTURE:AXM) ("AXMIN" or the "Company") announce that one of the
four financial institutions that signed debt Mandate Letters in January 2012
(see press release of January 26, 2012) terminated its Mandate Letter agreement
with AXMIN effective April 15, 2013, due to the political situation in the
Central African Republic ("CAR"). 


President and CEO of AXMIN, Mr. George Roach, comments, "This decision was
dictated by certain European States decision to cut CAR from its list of
borrowers as a result of the current political situation. We are confident that
the new transitional government in CAR is committed to restoring peace and
reconciliation in-country and when these circumstances have been rectified, the
institution has expressed interest in reconsidering its position. At the same
time it is worth noting that Dickson Resources have expressed confidence in
their ability to assist in securing the financial package for the construction
of the Passendro mine as soon as conditions permit." 


2012 Financial Results

AXMIN also announces the filing of its 2012 Financial Statements and Management,
Discussion and Analysis for the year ended December 31, 2012. These documents
can be viewed on the SEDAR website (www.sedar.com) and the Company's website
(www.axmininc.com). 


About Dickson:

Dickson Resources Limited is an international private resources firm backed by
the private capital of its founders. The company is a BVI registered company
headquartered in Hong Kong. Having a team of geological and financial experts,
Dickson is committed to investing internationally in the exploration and mining
of natural resources. Meanwhile Dickson's scope of business reaches beyond the
mining sector to international trade, marketing and advisory services which are
all part of its business expertise.


About AXMIN:

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


FOR FURTHER INFORMATION PLEASE CONTACT: 
AXMIN Inc.
George Roach
President & CEO
Direct T: +44 779 626 3999


AXMIN Inc.
Judy Webster
Vice President Investor Relations
T: 416 368 0993 ext 221
ir@axmininc.com
www.axmininc.com
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