Mr. Christopher Hill reports

AXION MINERALS CORP ANNOUNCES FLOW THROUGH PRIVATE PLACEMENT

Axion Minerals Corp. intends to complete a non-brokered private placement offering of up to 3,384,615 units at a price of 13 cents per flow-through unit for aggregate gross proceeds of up to $440,000. Each FT unit will consist of one flow-through common share in the capital of the company and one (non-flow-through) common share purchase warrant, with each warrant being exercisable to acquire, for a period of 24 months from the date of issuance, one non-flow-through common share in the capital of the company at an exercise price of 14 cents per warrant share.

The securities issued in connection with the FT units will be subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable Canadian securities laws. Closing of the private placement is subject to the receipt of all necessary corporate and regulatory approvals.

The company intends to use the gross proceeds from the private placement to incur eligible Canadian exploration expenses that are intended to qualify as flow-through mining expenditures (as such terms are defined in the Income Tax Act (Canada)) in relation to the company's mineral projects in Canada.

For more information, please refer to the prospectus available on the company's SEDAR+ profile.

About Axion Minerals Corp.

Axion Minerals is engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada. Its objective is to locate and develop economic mineral properties of merit and to conduct its exploration program on the Cranberry Creek REE (rare-earth element) property, which comprises three contiguous mineral claims covering approximately 2,673.19 hectares in the Kamloops mining division, British Columbia.

We seek Safe Harbor.