Vancouver, British Columbia--(Newsfile Corp. - June 18, 2018) - AXMIN Inc. (TSXV: AXM) ("AXMIN" or the "Company")
announces that it has received confirmation from Teranga that the Government of the Republic of Senegal has granted two new
exploration permits under the 2016 Senegalese Mining Code for Sounkounkou and Bransan, encompassing the 17 target areas that the
Company shares an interest in with Teranga.
The initial term of the exploration permits is for a period of 4 years with a requisite minimum expenditure commitment during
this initial period. Thereafter, the exploration permits are renewable two times for consecutive periods not exceeding three years
each, provided that Teranga has satisfied its work and expenditure commitments. The Bransan perimeter is 337.3km2 and
Sounkounkou is 291.7km2, which together cover roughly 90% of the prior permit areas.
AXMIN Chairman Lucy Yan said, "The issuance of exploration permits for the additional targets, upon which AXMIN has a NSR
royalty of 1.5%, is very good news for our company."
About AXMIN
AXMIN is a Canadian exploration and development company with a strong focus on the African continent. AXMIN continues to closely
monitor the political situation at its Feasibility Stage Passendro Gold Project in the Central African Republic. For more
information regarding AXMIN, visit our website at www.axmininc.com.
For additional information, please contact AXMIN Inc.:
Lucy Yan
Chairman and CEO
ceo@axmininc.com
AXMIN Inc.
General Enquiries
Jin Kuang
Chief Financial Officer and Corporate Secretary
j.kuang@axmininc.com
604-339-7688
Investor Relations
ir@axmininc.com
www.axmininc.com
This press release includes certain "forward-looking information" within the meaning of applicable Canadian securities
legislation. All information, other than statements of historical fact included herein, including without limitation,
information regarding the future option grant plans and objectives of AXMIN, are forward-looking
information that involves various risks and uncertainties.
There can be no assurance that such information will prove to be accurate and actual results and future events could differ
materially from those anticipated in such information. 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 information whether resulting from 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.
