AXE announces a rights offering

LAVAL, QUÉBEC – AXE EXPLORATION INC. (the "Corporation") announces that it will make a rights offering (the "Rights") to each of its holders of common shares (the "Common Shares") registered as at October 25, 2018 at closing of the registry ("Closing Date"), on the basis of one (1) Right for each Common Share held by the Shareholders of the Corporation, 1 to 1 (the "Rights Offering"). Each Right entitles the holder thereof to subscribe to one (1) Common Share upon payment of the subscription price of $ 0.04 per Common Share ($ 0.64 per consolidated Common Share upon the closing of the transaction and the consolidation announced July 24, 2018). The Rights will be transferable but will not trade on any stock exchange.