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Carmax Mining Corp Releases Second Quarter Financial Results

Financials

CARMAX MNING CORP.

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 March 31, 2012

CARMAX MINING CORP RELEASES SECOND QUARTER FINANCIAL RESULTS

VANCOUVER, CANADA Carmax Mining Corp. (TSX Venture: CXM) announces that it has released its financial results for the second quarter ended January 31, 2012.

The full text of the unaudited interim financial statements is included with the Company’s Quarterly Report 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.