URP Passendro updatePresident and CEO, Mario Caron comments "The sale of our Malian assetsis a result of the Company's formal strategic review process undertakenby the Board of Directors which began on March 19, 2009. Thistransaction along with the proposed combination of AXMIN and AfNatResources Limited announced on March 18, 2010 is expected to furtherstrengthen AXMIN's balance sheet and ensure that the Company can realizethe full value of its main asset, the Passendro Gold Project in CentralAfrican Republic."