AXMIN Inc. (AXMIN) is an international mineral exploration and development company with an exploration portfolio in central, east and west Africa. The Company focuses on its Passendro Gold Project (Passendro) situated on a portion of the Bambari property in the Central African Republic (CAR). The Company holds its interest in its Passendro property through its wholly owned CAR registered subsidiaries, Aurafrique SARL (Aurafrique), which holds prospecting and exploration permits for the property, and SOMIO Toungou SA, which holds the mining permit for the Passendro project. The Passendro gold project is located approximaly 60 Kilometers north of town of Bambari and covers approximately 90 kilometers of strike along the Bambari greenstone belt. The Company owns 100% 25-year Mining Licence in approximately 360 square kilometers. The Bambari licences cover 90 kilometers of strike of this belt and the Passendro Gold Project is located in the centre of the licences.