Carmax Mining Corp. (TSX VENTURE:CXM) ("Carmax") is pleased to provide its shareholders with an update on the current diamond drilling program on its 100% owned Eaglehead copper-gold-molybdenum-silver located in northwest British Columbia. Highlights for the three diamond drill holes completed to date are:

Highlights:

--  Diamond drill hole DDH 0121 with a core length of 551.08m intersected

    bornite-chalcopyrite-molybdenite mineralization over the core interval

    of 29.87m to 551.08m. The diamond drill hole ended in chalcopyrite-

    bornite +/- molybdenite mineralization and the mineralization is open at

    depth,

    --  DDH 0122 intersected chalcopyrite+/-bornite +/- molybdenite

    mineralization over the core interval 9.01m to 441.96m. The diamond

    drill hole ended in chalcopyrite-molybdenite mineralization and the

    mineralization is open at depth,

    --  DDH 0123 intersected chalcopyrite+/-bornite +/- molybdenite

    mineralization over the core interval 51.57m to 621.18m. The diamond

    drill hole ended in chalcopyrite mineralization and the mineralization

    is open at depth,

    --  The Quantec Titan-24 chargeability signature show a strong positive

    correlation to the visual observation of copper and molybdenite

    mineralization in the 2014 drill holes in line with the correlation

    between the chargeability signature and the presence of copper

    mineralization reported in the historical holes, and

    --  The first of the analytical results for the 2014 drill holes is expected

    towards the end of September-early October and will reported on when

    reviewed and compiled.

Jevin Werbes, President of Carmax stated that "I am pleased with the progress to date on the Eaglehead. It appears that the historical and current drilling results demonstrate that the greater than 10mRad chargeability signature from the Titan-24 survey is reflecting the presence of copper-molybdenite mineralization. A significant portion of the signature remains untested thereby having significant implications on the potential size of the mineralized target at Eaglehead. The recently completed drill holes have extended the mineralization deeper and further to the east than the previous drill holes in the Eaglehead deposit. The analytical results for the core samples from these drill holes will be required before any assessment of the significance of the reported mineralization can be completed."

DDH 0124 is in progress and located between the East and Bornite mineralized zones testing the chargeability signature in this area. The chargeability signature from the 2014 Quantec survey suggests continuity of the mineralization in the East zone to the northeast towards the Bornite zone. This area between the two mineralized zones which has not been drill tested.

2014 Diamond Drilling:

DDH 0121; completed in the East zone is an inclined (-60 degrees to the North) hole that has been completed to a core length of 551.08 m (vertical depth of 480m). This hole intersected variable concentrations of chalcopyrite-bornite-molybdenite mineralization from the bedrock surface at 29.87m to the end of the hole at 551.08m in potassic and phyllic altered biotite granodiorite and quartz feldspar porphyry. The bornite-chalcopyrite-molybdenite mineralization can occur on fractures and as stringers, veinlets, disseminations, discrete blebs and interstitial. The upper 244.4 m of the hole contains variable concentrations of pyrite.

DDH0122; completed in the Bornite zone is an inclined (-65 degrees to the North) hole that has been completed to a core length of 441.96 m (vertical depth of 400m). This hole intersected variable concentrations of chalcopyrite-bornite-molybdenite mineralization from the bedrock surface at 9.01m to the end of the hole at 441.96m in potassic and phyllic altered biotite granodiorite. The bornite-chalcopyrite-molybdenite mineralization can occur on fractures and as stringers, veinlets and discrete blebs. The upper 147.0 m of the hole contains variable concentrations of pyrite.

DDH0123; completed in the East zone is an inclined (-65 degrees to the North) hole that was completed to a core length of 621.8 m (vertical depth of 550m). This hole is a 50m step out to the East and intersected variable concentrations of visible chalcopyrite-bornite-molybdenite mineralization over the core interval 51.57m to the end of the hole at 621.8m in potassic and phyllic altered biotite granodiorite and quartz feldspar porphyry. The bornite-chalcopyrite-molybdenite mineralization can occur as stringers, veinlets as well as disseminations and discrete blebs. Only trace amounts of pyrite were observed in this hole.

The reader is cautioned that the presence of copper and molybdenite mineralization does not necessarily equate to significant concentrations of either copper or molybdenum and there is no assurance that the assay results of the samples from these drill holes will yield significant copper or molybdenum grades.

• [Editor:Mango]