News Releases

January 27, 2012

AXMIN APPOINTS JANINA DUSZA CHIEF FINANCIAL OFFICER

Toronto, Ontario – January 27, 2012 – AXMIN Inc. (TSX Venture: AXM) (TTSX Venture: AXM) (“AXMIN” or the “Company”) announces that the Board of Directors has appointed Ms. Janina Dusza as the Company’s Chief Financial Officer (“CFO”) effective immediately. In addition, Judy Webster Manager Investor Relations has been promoted to Vice President, Investor Relations.

Ms. Dusza has over 16 years of financial experience working for both, private and public companies. In addition to her financial reporting experience, Ms. Dusza has a well acknowledged auditing experience primarily in the resource sector with PricewaterhouseCoopers LLP in Toronto. Ms. Dusza has advanced knowledge of Canadian GAAP and IFRS regulations. Most recently, Ms. Dusza was AXMIN’s corporate controller since June, 2009 and previous to that she practised as an independent financial consultant along with auditing experience and accounting positions in Mid-North Engineering Services and Europe Bound. Ms. Dusza received her BComm in Accounting from the Ryerson Polytechnic University and also holds a CPA designation.

President and CEO of AXMIN, Mr. George Roach, comments, “We are pleased to welcome Janina to our senior management team. We are confident that Janina’s expertise in risk identification, auditing, financial reporting and internal control stewardship will service AXMIN well as it transitions from an explorer to producer.”

About AXMIN

AXMIN is a Canadian exploration and development company with a strong focus on central and West Africa. 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.

George Roachbr  President & CEO

DDirect T:+44 779 626 3999

Judy Websterbr  Manager Investor Relations

T: 416 368 0993 ext 221

ir@axmininc.com

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. 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.