News ReleasesJan 12, 2011 AXMIN STRENGTHENS BALANCE SHEET FROM SALE OF NON-CORE ASSETS Toronto, Ontario – January 12, 2011 – AXMIN Inc. (AXM-TSX Venture) is pleased to report that it has profitably disposed of 9.6 million shares of Copper Development Corporation (AIM: CDC) for net proceeds of approximately C$4.3 million. The sale represents AXMIN’s entire position in CDC and helps to further strengthen the Company’s financial position. This transaction followed CDC’s successful listing on the AIM Exchange in December 2010. CDC’s principal asset is its controlling stake in the Hinoba-an Copper Project in the Philippines. About AXMIN For additional information please contact AXMIN Inc.: George Roach Judy Webster 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.
|