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Carmax Mining Corp Files Audited Financial Statements

Financials

3rd Floor – Bellevue Centre 235 – 15th Street, West Vancouver, British Columbia V7T 2X1 Canada Telephone: (604) 921-1810 Facsimile: (604) 921-1898

NEWS RELEASE

TSX Venture Symbol: CXM November 12, 2010

CARMAX MINING CORP FILES AUDITED FINANCIAL STATEMENTS

Carmax Mining Corp. (“TSX Venture: CXM”) has released its audited financial statements for the year ended July 31, 2010.

The full text of the audited financial statements is included with the Company’s annual MD&A posted on the SEDAR website at www.sedar.com

CARMAX MINING CORP.

“Jevin Werbes”

_______________________ JEVIN WERBES President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release. WARNING: The Company relies on litigation protection for “forward looking” statements. Actual results could differ materially from those described in the news release as a result of numerous factors, some of which are outside the control of the Company.