Mr. John Todd Bonner reports

AXION VENTURES LAUNCHES RISING FIRE WITH TENCENT IN CHINA

Axion Ventures Inc. has launched its Rising Fire video game in China through Tencent Holding Ltd.'s massive distribution network, WeGame. Axion expects Tencent to distribute Rising Fire in a staged manner to approximately 1.5 million active WeGame users immediately, 15 million users by mid-July and up to 100 million users by mid-August. Axion will update shareholders with usage and growth data on a periodic basis as these data are made available by Tencent (which has the distribution rights of Rising Fire in China), the world's largest gaming market (with a projected value of $37.98-billion (U.S.) in 2018).

In connection with the launch, Tencent has commenced a multimillion-dollar marketing campaign to raise awareness and drive player participation. Currently trading at a market cap of $475-billion (U.S.), Tencent is the world's largest video game company by revenue.

               RISING FIRE STAGED RELEASE
   
Stage        Number of users             Distribution 
   
Stage 1    1.5 million users     Currently in process                                             
Stage 2     15 million users        By mid-July, 2018                                                 
Stage 3    100 million users      By mid-August, 2018  

"After years of high-level, rigorous testing by the world's largest video game publisher, we are proud to announce that Rising Fire has officially been launched through Tencent's powerful distribution arm," said Todd Bonner, chief executive officer and chairman of Axion Ventures. "The testing process that Rising Fire was subjected to since 2016 examined multiple layers of gameplay, artwork and playability, which, through all four levels of alpha and beta testing, returned retention rates that indicate a major success. Through the data that has been logged, our team has produced what we believe to be a successful game within an industry that has exploded in popularity in recent years. We are excited to be able to report user growth as soon as Axion receives the hard data from Tencent."

Rising Fire

Rising Fire is a 600-man-year, third-person shooter, role playing video game that has been initially developed for the PC platform in China (which will be distributed by the largest game publisher in the world, Tencent Holdings). The game contains seven player classes, 20 levels, more than 30 maps and more than 160 weapon parts, providing players with endless customization.

About Axion Ventures Inc.

Axion Ventures is an investment issuer with majority ownership in Axion Games, an on-line video game development and publishing company headquartered in Shanghai, China, as well as in True Axion Interactive Ltd., a video game development company headquartered in Bangkok, Thailand, and co-founded with True Corp. Axion Ventures also maintains holdings in other innovative technology companies.

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