Axe Announces its Intention to Evaluate New Business Opportunities and Eventually Redirect its Business to the Medical Mariju...

Axe Exploration Inc. (TSX VENTURE:AXQ) (the "Corporation" or "Axe") announces
its intention to evaluate new business opportunities and eventually redirect its
business to the medical marijuana or industrial hemp industries. This approach
is part of the ongoing efforts of the Corporation to increase shareholder value.
Axe considers that it currently now an obligation towards its shareholders to
explore all possible avenues in order to make the best possible use of its
status as a public vehicle, including any possible business opportunities in the
new sector of medical marijuana that could be presented to it. Axe currently has
over CDN $2,000,000 in cash, allowing it greater flexibility and ability than
peers to be a leader in the current market. In addition, these emerging
industries are in the process of significant regulatory and legal reform that
offers compelling growth opportunities.

Although no decision has been taken, Axe would like to consolidate fragmented
growers and work with dispensaries to obtain a license under the new Marijuana
for Medical Purposes Regulations (MMPR). For example, Axe could plan to partner
with and provide financing to medical marijuana and industrial hemp companies,
thus providing Axe with an equity share in each business and/or royalty on
sales. Management believes that this could allow Axe to share in the growth and
cash flow from these explosive industries. Axe could also review opportunities
in the United States where legislation permits, and will look to expand
operations throughout North America with the forward looking concept that more
American States may adopt this new pro Marijuana legislation. The United States
is undergoing Medical Marijuana reform - with 20 states now recognizing legal
Medical Marijuana, including Colorado and Washington State that have legalized
recreational use, with additional states contemplating legalization.

With marijuana now legal in Colorado and Washington, and tourism booming,
several investors and financial pundits are wondering how fast the marijuana
industry will grow and if it could become national. The ArcView Group, a San
Francisco-based investing and market research firm, estimates the national legal
market (including recreational and medical marijuana) at $1.53 billion in 2013
and expects it to grow to $2.57 billion by the end of 2014, with marijuana sales
in Washington and Colorado pulling in $316 million and $802 million,
respectively. ArcView says the national market could reach $10.2 billion in five
years.
(http://money.usnews.com/money/personal-finance/mutual-funds/articles/2014/03/14/the-economy-of-pot)

Upcoming changes in Medical Marijuana licencing will allow for licensed
producers to grow on a larger, commercial scale. Health Canada states: "The
Marijuana Medical Access Program (MMAP) has ended on March 31, 2014. This is
also the date that all Authorizations to Possess, Personal-Use Production
Licenses and Designated-Person Production Licenses expire. As of April 1, 2014,
the only legal access to marijuana for medical purposes is through licensed
producers under the Marijuana for Medical Purposes Regulations (MMPR), even if
you have an authorization to possess or license to produce that has a later
date." (http://www.hc-sc.gc.ca/dhp-mps/marihuana/index-eng.php)

The Industrial Hemp industry is also currently undergoing significant reform.
"Hemp is a renewable, reusable and recyclable resource. As with many new crops,
there has been considerable fluctuation of production acreage. In 2003, over
2,700 hectares (6,700 acres) were grown across Canada, mostly concentrated on
the Prairies; by 2013, 66,671 acres have been licensed for cultivation. Hemp has
been grown with success from coast-to-coast." (www.hemptrade.ca)

Mr. David Mc Donald, President and CEO, notes that the medical marijuana and
industrial hemp industries have become one of, if not the most explosive growth
industries in existence today. "We are currently in the process of evaluating
our company in order to eventually benefit from this tremendous growth
potential. Given that the Corporation has no experience in these areas,
Management is focused on attracting some of the industry's top expertise".

IN THE EVENT WHERE AXE IDENTIFIES SOME OPPORTUNITIES OR THE ESTABLISHMENT OF
BUSINESS RELATIONSHIPS IN THE FIELD OF MEDICAL MARIJUANA, ANY TRANSACTION WOULD
BE SUBJECT TO THE POLICIES AND PRIOR APPROVAL OF THE TSX VENTURE EXCHANGE.

THE CORPORATION HAS NO EXPERIENCE IN THIS FIELD AND NO ASSURANCE CAN BE GIVEN TO
THE EFFECT THAT THE COMPANY WILL INTEGRATE THE FIELDS OF MEDICAL MARIJUANA OR
INDUSTRIAL HEMP.

CURRENTLY, NO TRANSACTION IS IN PLACE AND THERE IS NO CERTAINTY THAT A NEW
PROJECT WILL BE CONCLUDED IN THE FUTURE.

ABOUT AXE EXPLORATION INC.

Axe is a mining exploration company listed on the TSX Venture Exchange under the
symbol AXQ. Axe intends to evaluate all the opportunities that offer the medical
marijuana industry within North America.

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.

For more information, visit the company's website at www.axeexploration.com or
SEDAR's website at www.sedar.com.

FORWARD LOOKING INFORMATION

This News Release contains forward-looking statements. The use of any of the
words "intention", "may", "evaluate" and similar expressions are intended to
identify forward-looking statements. Although the Company believes that the
expectations and assumptions on which the forward-looking statements are based
are reasonable, undue reliance should not be placed on the forward-looking
statements because the Company can give no assurance that they will prove to be
correct. Since forward-looking statements address future events and conditions,
by their very nature they involve inherent risks and uncertainties. These
statements speak only as of the date of this News Release. Actual results could
differ materially from those currently anticipated due to a number of factors
and risks.

FOR FURTHER INFORMATION PLEASE CONTACT:
Contact and Information
David Mc Donald
President and CEO
450.622.5785
info@axeexploration.com
www.axeexploration.com

Investor Relations
Patrick Wood
(416) 473-9133
pat.wood@tormontgroup.com
www.tormontgroup.com

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