AXM AXMIN INC

AXMIN Inc. (TSX VENTURE:AXM) ("AXMIN" or the "Company") wishes to provide an
update on its operations in the Central African Republic ("CAR").


Passendro Gold Project 

On August 29, 2013, the Company received a letter (the "Letter") dated August
19, 2013 from the Government of the CAR (the "Government") stating that the
Company is in violation of certain provisions of the April 29, 2009 Mining Code
(the "Mining Code"). Specifically, the Government is purporting that there has
been an assignment of the 25-year Mining Licence held by SOMIO Toungou SA, a
wholly owned CAR registered subsidiary of the Company, in breach of the Mining
Code. The Letter gives a formal notice of 60 days for the Company to address the
purported violation and, if the Company fails to do so, the 25-year Mining
Licence could be cancelled. The Company understands that other mining companies
operating in the CAR received similar letters. 


After discussions with the Company's legal counsel and a review of this matter
by the Board of Directors, the Company strongly believes that there has been no
breach of the Mining Code as there has been no assignment of the 25-year Mining
Licence by SOMIO Toungou SA. The Company intends to work closely with its legal
counsel and other advisors to address this issue in a timely manner.


AXMIN's Chairman and Interim CEO, Lucy Yan, stated, "Following AXMIN's July
meetings in the CAR with the President and several of the Ministers, we made the
commitment to work with the Government to build a relationship of trust, opening
all lines of communication in order to address any outstanding issues. We will
be working diligently to resolve the issue raised by the Government in relation
to the 25-year Mining Licence."


Bambari 1 and 2 Exploration Licences  

The Bambari 1 and 2 Exploration Licences held by Aurafrique SARL, a wholly owned
CAR registered subsidiary of the Company, were subject to renewal on or before
August 7, 2013. Due to the current political environment in the CAR, the Company
has not yet filed applications for the renewal of those Exploration Licences.
The Company is in ongoing discussions with the Government regarding the filing
of the renewal applications and intends to file them in the near future. 


Addition of New Members of Management in the CAR 

Following the July meetings in the CAR, the Company has hired two new members of
management to be permanently stationed in the Bangui office of the Company in
the CAR: Mr. Jiang Lifei, Vice President and CAR Country Manager; and, Ms.
Celine Li, Assistant to the CEO. Both Mr. Jiang and Ms. Li are experienced in
working in the French West African environment and will be working closely with
the Company's representatives in the CAR to facilitate the advancement of the
Passendro project. 


About AXMIN: 

AXMIN is a Canadian exploration and development company with a strong focus on
central, east 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 focusing on transitioning from an
explorer to producer. For more information regarding AXMIN, please 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.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
AXMIN Inc.
Lucy Yan
Chairman & Interim CEO
ceo@axmininc.com


AXMIN Inc.
Investor Relations
416-368-0993 ext 221
ir@axmininc.com
www.axmininc.com

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