NEWS RELEASE AXE EXPLORATION ACQUIRES A NEW PROPERTY ADJACENT TO THE FAYOLLE PROJECT

Laval, Canada, December 23rd, 2014 - Axe Exploration Inc. (TSX-V: AXQ) (the "Corporation") is pleased to announce that it has acquired, by map designation, a new gold property. This new property 100%-owned by Axe Exploration is called Trésor and comprises 20 mining claims covering a surface of approximately
851.58 hectares (8.5 km2). It is located within the Abitibi region, in Quebec and it's adjacent to the
Fayolle Property, which contains more than 188,000 ounces of gold in the indicated category.

ABOUT AXE EXPLORATION INC.

Axe is a mining exploration company listed on the TSX Venture Exchange under the symbol AXQ.

Contact and Information

David Mc Donald, President and CEO, Tel : 450.622.5785 info@axeexploration.com
www.axeexploration.com

For more information, visit the company's website at

www.axeexploration.com or SEDAR's website at www.sedar.com .

TSX-V: AXQ

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.

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