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May 05, 2006

AXMIN Inc. Conference Call: Pre-Feasibility study results for the passendro gold project, central african republic

Toronto, Ontario – May 05, 2006, AXMIN Inc. (AXM-TSX Venture) is pleased to announce that prior to market opening on Wednesday, May 10, 2006 it will release the results of the pre-feasibility study recently completed for the Passendro Gold Project, Bambari-Bakala Permits, Central African Republic. A conference call to review the results of the study will take place on the same day at 10:00 am ET (3:00 pm United Kingdom time). Drs Michael Martineau, Deputy Chairman and President, and Jonathan Forster, Chief Executive Officer, will provide a summary of the results and an update on the Company’s progress at the Passendro Gold Project and other key exploration programs. A question-and-answer session will be held at the end of the conference call.

Those persons wishing to participate in the conference call should dial 416-695-9753 (Toronto), 1-877-888-4210 (North America) or 00-800-4222-8835 (UK and Europe) approximately 5-10 minutes prior to the start time. Interested parties may also access the conference call by live webcast which will be available at www.axmininc.com and archived for 90 days thereafter. To access a replay of the conference call please dial 416-695-5275 (Toronto) or 1-888-509-0081 (North America), the passcode number is 621632 until May 17, 2006.

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



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

Tel: +1 416 368 0993 (Canada)

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

E-mail: ir@axmininc.com