Axion Ventures Inc. announced that effective May 31st, 2019, the company's CFO, Mr. Steve Ng has tendered his resignation. The company will be appointing an Interim or permanent CFO urgently to comply with TSX Venture Exchange listing requirements and in line with the Company's strategy to build a leading global video game and technology investment company.

The company announced the positive initial retention rate results for INVICTUS: Lost Soul ("Invictus"), that was commercially launched on the Apple AppStore and Google Play in Thailand on May 8th, 2019. Initial results for Invictus are highly encouraging as the 1 Day, 7 Day, and 14 Day retention rates performed significantly higher as compared to the benchmark standards of the mobile game industry. Invictus is the first AAA-quality, eSports-focused mobile game created in Thailand and developed by True Axion Interactive ("TAI"), a joint venture between Axion and True Corporation.