AXG Mining Ltd. is an exploration company with a focus on precious metals and base metals in Australia and the Americas. AXG’s common shares trade on the Australian Stock Exchange under the symbol “AXC”.

AXG Mining Ltd. (“AXG” or the “Company”) has signed binding Letters of Intent with Lara Exploration Ltd. (“Lara”, TSX Venture Symbol: LRA) to earn up to a 75% interest in two properties, Condoroma and Coporaque, located in southern Peru. The properties consists of 24 mineral concessions covering 17,764 hectares and are located 75 kilometres from one another in the southern part of the Cusco Region. Substantial surface geochemical sampling and mapping of the property by Lara has identified several prospective targets.