AXMIN Announces Changes to Management and Board of Directors

AXMIN Inc. (TSX VENTURE:AXM) ("AXMIN" or the "Company") announces the
resignation of Mr. George Roach as a consultant to the Company and from the
Company's Board of Directors, as well, Mr. Roach also resigns from all positions
he held with AXMIN subsidiaries, effective October 24, 2013. Mr. Roach was
previously the CEO and President of AXMIN and resigned on June 18, 2013 (see
press release July 4, 2013). In addition, the Company would like to announce the
appointment of Ms. Jin Kuang as Chief Financial Officer ("CFO") replacing Terry
Wong who was serving as Interim CFO, effective October 24, 2013. 


Ms. Kuang has plus 12 years of extensive professional knowledge and experience
in financial reporting, financial planning, mergers and acquisitions, financial
analysis and tax both internationally and in Canada. Ms. Kuang has many years of
experience as CFO for several publicly listed companies including the TSX
Venture Exchange. Ms. Kuang has advanced knowledge of IFRS regulations. In
addition to her CFO experience, Ms. Kuang has many years of auditing experience
with KPMG LLP Chartered Accounts. Ms. Kuang received a BA of Accounting and an
MBA from the University of Northeastern China and also holds both a US-CPA and
CGA designation. Ms. Kuang is fluent in Mandarin and English.


Interim CEO and Chairman of AXMIN, Ms. Lucy Yan, comments "On behalf of the
entire Board of Directors, I would like to thank George Roach for his many
contributions to AXMIN over the past three years and we wish him all the best in
his other ventures. 


As well, I am very pleased to welcome Ms. Kuang to our senior management team.
She is distinctly qualified to serve as AXMIN's CFO based on her public company
experience and her expertise in auditing, financial reporting and internal
control stewardship. We look forward to leveraging Ms. Kuang's extensive
financial expertise for both our day-to-day operations and for AXMIN's long-term
strategic planning. On behalf of the Board of Directors, I would also like to
thank Terry Wong for her time as Interim CFO."


Update Passendro Gold Project - CAR

Further to our press release of September 16, 2013 regarding the status of
AXMIN's Passendro gold project in the Central African Republic ("CAR"), the
Company wishes to assure its shareholders that it continues to work diligently
to resolve the issues raised by the Government of CAR. At this time AXMIN's
local management and advisors continue to communicate closely with the CAR
government and it is hoped that we will have an update shortly. 


AXMIN -Head Office Relocation

The Company would also like to announce its corporate office will be relocated
to Vancouver, British Columbia, Canada. The new corporate office address is 1066
West Hastings Street, Suite 2303, Vancouver, BC, Canada, V6E 3X2 and the new
corporate office telephone number is +1-778-373-5558. It is expected that the
new corporate office will be fully operating by mid-November 2013.


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
+416-368-0993 ext 221
ir@axmininc.com
www.axmininc.com
AXMIN (TSXV:AXM)
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