Axiom Oil and Gas Corp. (fka AXIO)

[i-Glide]

Axiom Gold and Silver Corp. Aurora Project Update

http://www.marketwatch.com/story/axiom-gold-and-silver-corp-aurora-project-update-2011-06-29?reflink=MW_news_stmp

TUCSON, ARIZONA, Jun 29, 2011 (MARKETWIRE via COMTEX) -- Axiom Gold and Silver Corp. (otcqb:AXIO)(berlin:0X0) is pleased to provide an update on its Aurora Project located in Sonora State, Mexico.

Axiom Gold and Silver Corp., through its wholly owned subsidiary Axiom Minerals de Mexico, S.A. de C.V., has completed an initial, broad reconnaissance of its Aurora Project located 160 km east of Hermosillo, Sonora. Earlier geological mapping and sampling of workings, road cuts and outcrop exposures in the property outlined a large zone of mineralization and alteration, traced in outcrops over an area of more than 4 kilometers along strike and approximately 500 meters in width, with selected samples ranging from trace to 5.91 g/t Au. Additionally, more random sampling of this mineralized area has now returned results in 22 samples ranging from 0.02 to 0.83 g/t Au, averaging 0.14 g/t (140ppb) Au for all samples. While the rock at the surface has been intensely leached due to weathering of sulfide minerals, sampling has also shown local anomalies in copper and molybdenum.

Given these early, favorable results, Axiom has initiated a program of more detailed mapping and systematic sampling on a grid-pattern to further explore this extensive zone of mineralization and alteration. The first two sets of approximately 60 samples are now being analyzed by Acme Analytical Laboratory Ltd. in Vancouver, B.C.

Barry Quiroz, VP Exploration says, "These results provide evidence of the potential for discovery of a gold and/or copper-gold-bearing structure. The next step in our exploration program will be detailed mapping and sampling of the entire 4,000 x 500 meters of altered and mineralized rock to more fully evaluate the potential of the property and identify drilling targets."

Dr. John Larson says, "We are excited about the relative consistency and areal extent of the gold anomaly in results obtained to date, which suggest wide-spread mineralization consistent with a porphyry system. Based on these results, we plan to apply for drilling and environmental permits to initiate a drill program of approximately 3,000 meters later this year, once permits are issued."

Details of sample results will be posted on our website, www.axiomgoldandsilver.com , within the next days.

In further news, the Company is pleased to announce that it has recently been accepted for trading on the Berlin exchange - symbol 0X0.