December 24, 04

STOCK OPTIONS

Toronto, Ontario – December 24, 2004, AXMIN Inc. (AXM-TSX Venture) announces the recent granting of incentive stock options to certain directors, officers and employees of the Company, and consultants to the Company to purchase up to 900,000 common shares of the Company under the Company’s 2001 Stock Option Plan. These options are exercisable at a price of Cdn$0.67 per share expiring on December 13, 2009.

AXMIN is a mineral exploration company with a strong focus on gold in highly prospective properties across central and west Africa.

For more information regarding AXMIN visit our website at www.axmininc.com.