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DCOP.V ·

Carmax Mining Corp. Grants Incentive Stock Options

Share Capital & Compensation

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 June 17, 2011

CARMAX MINING CORP. GRANTS INCENTIVE STOCK OPTIONS

Carmax Mining Corp. (TSX-V-CXM) has today granted incentive stock options on 1,025,000 treasury shares exercisable on or before the expiry of 5 years from the date of grant at a price of $0.20 per share.

CARMAX MINING CORP

“Jevin Werbes”

Jevin Werbes President & CEO

For further information, please visit our website at www.carmaxmining.com or www.sedar.com to view the Company’s profile or contact Ansell at 604-921-1810.

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.