AXMIN Inc V.AXM

Alternate Symbol(s): AXMIF

Metals & Mining Gold

AXMIN Inc. is a Canadian exploration and development company with a focus on Central and West Africa. The Company, through its wholly owned subsidiaries, has exploration projects in the Central African Republic (CAR) and Senegal. The Company’s primary asset is the Passendro Gold Project situated in the CAR. It holds a 100% interest in the Bambari properties, which consists of a mining license (355 square kilometers) and two exploration licenses, Bambari 1 and 2 (1,240 square kilometers). The Passendro Gold Project is situated in the center of the mining license, which is ring-fenced by the two Bambari exploration licenses. The Company, through its joint venture partner and manager, Sabodala Mining Company SARL (SMC) owns approximately 20% interest in Sounkounkou, Heremokono and Sabodala NW exploration licenses (the Project) located in the Birimian belt of eastern Senegal. The Company's subsidiaries include AXMIN Limited (BVI), Aurafrique SARL (CAR), SOMIO Toungou SA (CAR), and others.

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AXMIN Inc

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Post by thenforcer2on Jan 04, 2010 3:35pm

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TODAYS NEWS THE KISS OF DEATH*

AXMIN Update
Jan 4, 2010 3:12:00 PM

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TORONTO, ONTARIO -- (MARKET WIRE) -- 01/04/10 -- AXMIN Inc. (TSX VENTURE: AXM) further to AXMIN's press release of December 3, 2009, the Company announces that Toro and AXMINhave not been able to agree on an alternative transaction structure and Toro and AXMIN are no longer in discussions regarding any transaction.
AXMIN is continuing to assess and review its prospects and options. There can be no assurance that any transaction will be available and, if available, what consideration AXMIN shareholders may be offered under any such transaction.
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, Mali, Sierra Leone and Senegal. 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 ofAXMIN, 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 are disclosed under the heading "Risk Factors" and elsewhere in AXMIN 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 as a result of 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. Mario Caron President & CEO Direct T: 416 368 0993 ext 223 AXMIN Inc. Judy Webster Manager Investor Relations 416 368 0993 ext 221 ir@axmininc.com

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