News Releases

August 7, 2002

AXMIN INC. – CONFERENCE CALL SECOND QUARTER EXPLORATION UPDATE

Toronto, Ontario – AXMIN Inc. (AXM-TSX Venture) is pleased to announce that on Thursday, August 15, 2002 at 10:00 a.m. (ET) Dr. Jonathan Forster, CEO and Craig Banfield, CFO of AXMIN will provide an update on recent exploration activities for the Company’s second quarter 2002. After the presentation the call will be open up for a question and answer period.

The dial-in number for the conference call in North America is 1-888-881-4892 and in the United Kingdom is 020-8515-2315. To access the simultaneous webcast, visit AXMIN’s website at www.axmininc.com or Canada Newswire’s website at www.newswire.ca/webcast. A taped rebroadcast will also be available to listeners up until midnight, Thursday August 22, 2002. To access this rebroadcast, please call 1-877-289-8525 (North America), the passcode number is 204284#.

AXMIN Inc. is a mineral exploration company with a strong focus on gold in highly prospective properties in Africa, including the Central African Republic, Burkina Faso, Mali, Ghana, Senegal and Tanzania.

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


For further information contact:

Jon Forster		Judith Webster
Chief Executive Officer		Manager – Investor Relations
AXMIN Inc.		AXMIN Inc.
T: +44-1233-665600		Tel: +1-416-368-0993
F: +44-1233-643728
E-mail: ir@axmininc.com