AXMIN Announces Results of Annual and Special Meeting of Shareholders

TORONTO, ONTARIO -- (Marketwire) -- 06/28/11 -- AXMIN Inc. (TSX VENTURE: AXM) ('AXMIN' or the 'Company') is pleased to announce that at the Company's Annual and Special Meeting of Shareholders Ozge Erdem and Robert Metcalfe, George Roach, Robert Shirriff and David de Jongh Weill were re-elected as Directors of the Company. Robert Metcalfe has been appointed the Chairman. Messrs. Mario Caron and Alexander Dann did not stand for re-election.

Also at the meeting, shareholders passed a special resolution authorizing the directors, in their discretion, to consolidate the Company's shares. The directors were given the authority to implement a share consolidation at any time prior to March 31, 2012. In addition, the shareholders approved the continuation of the Company's Stock Option Plan. The Company has issued and outstanding 32,050,000 stock options for common shares of the Company and there are 30,777,174 common shares of the Company available for future grant under the stock option plan.

President and CEO of AXMIN, Mr. George Roach, comments, 'It was a pleasure to update our shareholders today on the progress the Company has made this past year. At this time I would like to thank all of the directors for their guidance during my first year as AXMIN's CEO, and in particular to both Mario Caron and Alex Dann, who have stepped down. As I detailed in my presentation, AXMIN has accomplished many of the milestones necessary to becoming a producer and it is my belief that we have the skills and leadership in place to facilitate AXMIN's transition to producer.'

AXMIN would also like to remind shareholders that the webcast of the Annual and Special Meeting of Shareholders including the Company Update, held on Tuesday, June 28, 2011 is available on the Company's website at www.axmininc.com.

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, Mozambique, Sierra Leone 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, to revalidate the BFS and to satisfy the terms of the Mining Licence as negotiated, 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.

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.

George Roach

President & CEO

Direct T: 44 779 626 3999


AXMIN Inc.

Judy Webster

Manager Investor Relations

416 368 0993 ext 221
ir@axmininc.com
www.axmininc.com