Mr. John Todd Bonner reports

AXION VENTURES RETAINS THESIS CAPITAL FOR INVESTOR RELATIONS SERVICES

Axion Ventures Inc. has retained the services of Thesis Capital Inc., of Toronto, Ont., a leading investor relations and capital markets advisory firm servicing Canadian small-cap companies across the North American markets. Thesis will provide investor relations and communication services to Axion, subject to TSX Venture Exchange approval.

Thesis has been retained for an initial term of 12 months. The company can terminate the agreement at any time during such term, upon a one-month notice. Thesis will be paid a monthly fee of $6,000 plus reasonable out-of-pocket expenses for its services.

Thesis has also been granted 75,000 options to purchase common shares of the company exercisable at 90 cents per share, vesting over a three-year term. The grant of the options is subject to the terms of the company's stock option plan and TSX Venture Exchange approval.

The company and Thesis act at arm's length, and Thesis has no present interest, directly or indirectly, in the company or its securities. The fee paid by the company to Thesis is for services only.

In connection with retaining Thesis, Axion also announces the termination of its investor relations service contract with LodeRock Advisors Inc. The company would like to thank LodeRock for excellent service and advice and wishes LodeRock well.

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.