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File: '\\doc\emailin\20200221 064155 Attachment 20200220_PP_Extension_Final.docx'


AXION VENTURES EXTENDS PRIVATE PLACEMENT 
VANCOUVER, BRITISH COLUMBIA, February 21st, 2020 - Axion Ventures Inc. ("Axion" or the "Company") (TSX VENTURE: AXV; O
--->TCQX: AXNVF) announces that the Company has received approval from the TSX Venture Exchange to extend the closing of t
--->he non-brokered private placement (the "Placement") as announced by the Company on December 12th, 2019. Axion has elec
--->ted to extend the current Placement by 30 days due to delays in gathering final subscription documents from individual
--->s within the Asia region that have been affected by mandated office closures due to the outbreak of Novel Coronavirus.

The original terms of the Placement remain unchanged and include the issuance of 5,714,286 common shares at a price of
---> $0.35 per share for total gross proceeds to the Company of up to $2,000,000.

About Axion Ventures 
Axion Ventures is an Investment Issuer with majority ownership in Axion Games, an online video game development and pu
--->blishing company headquartered in Shanghai, China as well as in True Axion Interactive Ltd., its video game developmen
--->t company headquartered in Bangkok, Thailand cofounded with True Corporation. Axion Ventures also maintains holdings i
--->n other innovative technology companies.

www.axionventures.com

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. 

Contact Information 

Axion Ventures Inc.    
John Todd Bonner   
Chief Executive Officer   
+1(604) 780-4298   
Cautionary Statement Regarding Forward-Looking Information 
Certain statements contained in this press release may constitute forward-looking information. These statements relate
---> to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "
--->projected", "estimated", "proposed" and similar expressions and statements relating to matters that are not historical
---> facts are intended to identify forward-looking information and are based on Axion's current belief or assumptions as 
--->to the outcome and timing of such future events. Actual future results may differ materially.  In particular, this rel
--->ease contains forward-looking information relating to the completion of the private placement. Various assumptions or 
--->factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking
---> information. Those assumptions and factors are based on information currently available to Axion. Risk factors that c
--->ould cause actual results or outcomes to differ materially from the results expressed or implied by forward-looking in
--->formation include, among other things: general economic and business conditions; and changes in international regulato
--->ry regimes. Axion cautions the reader that the above list of risk factors is not exhaustive. The forward-looking infor
--->mation contained in this release is made as of the date hereof and Axion is not obligated to update or revise any forw
--->ard-looking information, whether as a result of new information, future events or otherwise, except as required by app
--->licable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not pl
--->ace undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking info
--->rmation contained herein.


PDF Document

File: Attachment 20200220_PP_Extension_Final.pdf

                      AXION VENTURES EXTENDS PRIVATE PLACEMENT
VANCOUVER, BRITISH COLUMBIA, February 21st, 2020   Axion Ventures Inc. ("Axion" or the "Company") (TSX
VENTURE: AXV; OTCQX: AXNVF) announces that the Company has received approval from the TSX Venture Exchange
to extend the closing of the non-brokered private placement (the "Placement") as announced by the Company on
December 12th, 2019. Axion has elected to extend the current Placement by 30 days due to delays in gathering final
subscription documents from individuals within the Asia region that have been affected by mandated office closures
due to the outbreak of Novel Coronavirus.

The original terms of the Placement remain unchanged and include the issuance of 5,714,286 common shares at a
price of $0.35 per share for total gross proceeds to the Company of up to $2,000,000.

About Axion Ventures
Axion Ventures is an Investment Issuer with majority ownership in Axion Games, an online video game development
and publishing company headquartered in Shanghai, China as well as in True Axion Interactive Ltd., its video game
development company headquartered in Bangkok, Thailand cofounded with True Corporation. Axion Ventures also
maintains holdings in other innovative technology companies.

www.axionventures.com

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.

Contact Information

Axion Ventures Inc.
John Todd Bonner
Chief Executive Officer
+1(604) 780-4298

Cautionary Statement Regarding Forward-Looking Information
Certain statements contained in this press release may constitute forward-looking information. These statements
relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe",
"will", "projected", "estimated", "proposed" and similar expressions and statements relating to matters that are not
historical facts are intended to identify forward-looking information and are based on Axion's current belief or
assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In
particular, this release contains forward-looking information relating to the completion of the private placement.
Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections
set out in forward-looking information. Those assumptions and factors are based on information currently available
to Axion. Risk factors that could cause actual results or outcomes to differ materially from the results expressed or
implied by forward-looking information include, among other things: general economic and business conditions; and
changes in international regulatory regimes. Axion cautions the reader that the above list of risk factors is not
exhaustive. The forward-looking information contained in this release is made as of the date hereof and Axion is not
obligated to update or revise any forward-looking information, whether as a result of new information, future events
or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions
contained herein, investors should not place undue reliance on forward-looking information. The foregoing
statements expressly qualify any forward-looking information contained herein.