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Axion Announces Date for Voluntary Delisting from TSX-V

Vancouver, British Columbia--(Newsfile Corp. - November 15, 2023) - Axion Ventures Inc. (TSXV: AXV) (OTC: AXNVF) ("Axion" or the "Company") is pleased to announce that, further to its news release dated October 30, 2023, the TSX Venture Exchange (the "Exchange") has advised that, effective as of the close of business on Wednesday, November 29, 2023, the common shares in the capital of the Company (the "Common Shares") will no longer be listed for trading on the Exchange. A majority of the minority shareholders of the Company approved the voluntary delisting of the Common Shares at the annual general and special meeting of the shareholders of the Company held on February 16, 2023.

The Company will continue as an unlisted reporting issuer under Canadian securities laws until such time as the Company completes its listing on Cboe Canada. The listing of the Common Shares for trading on Cboe Canada remains subject to the Company satisfying all standard listing requirements and other conditions of Cboe Canada, as previously announced.

For further information:

Axion Ventures Inc.

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Grant Kim
Interim Chief Executive Officer
info@axionagm.com
+1 (778) 400-6096

Cautionary Statement Regarding Forward-Looking Information

This news release contains certain forward-looking information and forward-looking statements, as defined in applicable securities laws (collectively referred to herein as "forward-looking statements"). These statements relate to future events or the Company's future performance. All statements other than statements of historical fact are forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "continues", "forecasts", "projects", "predicts", "intends", "anticipates" or "believes", or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. Inherent in forward-looking statements are risks, uncertainties and other factors beyond the Company's ability to predict or control. Please also make reference to those risk factors referenced in the "Risk Factors" section of the Company's most recently filed management's discussion and analysis.

Forward-Looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements. The forward-looking statements in this news release speak only as of the date hereof or as of the date specified in such statement. Specifically, this news release includes, but is not limited to, forward-looking statements regarding the listing of the Common Shares for trading on Cboe Canada and the delisting of the Common Shares from trading on the Exchange. Readers are cautioned that the forward-looking statements above do not contain an exhaustive list of the factors or assumptions that may affect the forward-looking statements, and that the assumptions underlying such statements may prove to be incorrect. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release.

All forward-looking statements herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information or future events or otherwise, except as may be required by law. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements, unless required by law.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/187463