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Mar 10, 2006

Stock Options

Toronto, Ontario – Mar 10, 2006, AXMIN Inc. (AXM-TSX Venture) announces the recent granting of stock options to certain directors, officers and employees of the Company for 2,130,000 common shares of the Company exercisable at Cdn$0.71 each. These comprise stock options for: 1,130,000 common shares of the Company to certain employees of the Company expiring on March 08, 2011; 900,000 common shares of the Company to the Chief Executive Officer and Chief Financial Officer of the Company expiring on March 08, 2008; and 100,000 common shares of the Company to certain directors and officers of the Company expiring on March 08, 2011. These stock options have been granted in accordance with the Company’s Stock Option Plan 2005.

Immediately following this award of stock options the Company had on issue and outstanding stock options for 8,640,000 common shares of the Company and there were 15,986,129 common shares of the Company reserved for issuance under the Stock Option Plan 2005.

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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.


For additional information please contact AXMIN Inc.:

 

Jon Forster

Judith Webster

Chief Executive Officer

Manager – Investor Relations

AXMIN Inc.

AXMIN Inc.

Tel: +44 (0)1233 665600 (UK)

Tel: +1 416 368 0993 (Canada)

Fax: +44 (0)1233 643728 (UK)

E-mail: ir@axmininc.com