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File: NR130129.pdf

                                                   CARMAX MINING CORP.
                                                                                            th
                                        rd
                                    3 Floor � Bellevue Centre, 235 � 15 Street,
                                 West Vancouver, British Columbia V7T 2X1 Canada
                                 Telephone: (604) 921-1810 Facsimile: (604) 921-1898


                                                          NEWS RELEASE

TSX Venture Symbol: CXM.V                                                                                       Januar
--->y 29, 2013

                                    Dominican Republic applications reduced in size

Carmax Mining Corp. ("Carmax") wishes to announce that the applications for the grant of mineral
concessions referred to in Carmax's News Release of January 21, 2013 have been reduced in size in order
to eliminate areas otherwise reserved by the government of Dominican Republic for other purposes
including parks thereby making a portion of the lands in the original application ineligible for mineral
exploration.

The application for the lands known as La Angostura now comprises an application for a concession to
7,723 Ha and the application for El Rio now comprises of an application for a concession to 6,648 Ha.
Both areas are located in the Tireo Belt of central Dominican Republic. As a result of this change, the
Letter of Intent referred to in Carmax's News Release of January 21st, 2013 has been amended.

Carmax further wishes to announce that a finder's fee is due and payable in connection with the proposed
acquisition.

The acquisition and payment of the finder's fee is subject to TSX Venture Exchange approval.

For further information, please visit the website at www.carmaxmining.com to view the Company's
profile or contact Jevin Werbes at 604-921-1810.

"Jevin Werbes"
_____________________________
Jevin Werbes, President

Neither the 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.

Cautionary Statement on Forward Looking Statement
Certain information contained in this news release, including information as to our strategy, projects, plans or futur
--->e financial or operating
performance and other statements that express management's expectations or estimates of future performance, constitute
---> "forward looking
statements". Actual results may differ materially from those indicated by such statements. All statements, other than 
--->historical fact, included
herein, including, without limitations statements regarding future production, are forward-looking statements that inv
--->olve 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.




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