AXE Exploration announces an update

Laval, Canada, October 31, 2018 – Axe Exploration Inc. (TSX-V: AXQ) (the "Corporation» or «Axe») announce that in order to assess new business opportunities and to redirect its activities toward the Canadian industry of the medical cannabis, Axe announced on July 25, 2018 the signature of a letter of intent aiming at the acquisition of Terranueva Pharma Corporation.