TUCSON,AZ--(Marketwire-March27,2012)MeantimeWire-TheMoneyChannelAnnouncesAxiomGoldandSilverCorp.(OTCQB:AXIO)(BERLIN:0X0)("Axiom")has

enteredintoaletterofintenttocombinewithTakaraResourcesInc.ofToronto,Ontario(TSXVENTURE:TKK)("Takara").

ThemainpointsofthecorporatecombinationcallforTakaratoissuetoAxiomshareholderssharesofTakarasuchthatonclosingAxiomshareholderswillown

approximately46%ofthesharesofthecombinedcompanypre-financing.ExistingshareholdersofTakarawillown54%ofthecombinedcompany.Aspartoftheclosing,

TakaraandAxiomwillraiseaminimumof$10,000,000CADandamaximum$25,000,000CAD.Themainuseofproceedsfromthefundingwillbetoadvancethe

explorationanddevelopmentofthemineralconcessionsheldbyTakaralocatedintheRepublicofGuyana.Dr.JohnLarsonwillbeimmediatelyappointedasSpecialAdvisorto

Takara.

Dr.JohnLarson,President,says,"Takara'stwoGuyanaprojectsaretransformativemilestonesforusasweadvanceourstrategytogrowourportfolio.Takara'stwo

advancedstagegoldprojects,TassawiniandArakaka,havetremendousexplorationupsideinadditiontothepotentialfornear-termgoldproductionattheTassawiniproject.

TheArakakaprojecthostsover25individualgoldexplorationtargetswithtwosignificantmineralizedzonesidentifiedtodate.Webelievethatthereisanexcellentopportunityto

developamajornewresourceandminingcampinthisprolificgoldminingarea."

Franscico"Barry"Quiroz,VPExploration,says,"Takara'sTassawiniprojecthostsaNationalInstrument43-101mineralresourceof437,000ouncesgold(indicated)and

62,000ouncesgold(inferred)intheTassawiniandSonneDeposits.Webelievethatwecanexpandthisresourceastherearemanytargetsidentifiedforfurtherexploration.

Withmostoftheexplorationdatainplace,wewouldexpecttostartadditionaldrillingverysoon."

JenniferBoyle,PresidentofTakaraResourcessays,"WithAxiom'sstrongmanagementandexplorationteamandsignificantcapacityforfunding,wefeelthatthe

combinationisthebeststrategyforourGuyanaprojectstobedeveloped.Takara'smanagementandboardofdirectorsstronglysupportthemerger."

TheletterofintentprovidesthatAxiomwillcompleteduediligenceandthepartieswillfinalizethedefinitiveagreementtoconsummatethecombinationbyApril15,2012.

Thecombinationissubjecttocertainconditionsincludingshareholderapproval,theexecutionofadefinitiveagreementandthefundingrequirementsreferredtoabove.

Also,AxiomhasdecidednottoproceedwiththepurchasetheMorelosProjectfromParamountGoldandSilverCorp.andhasnofurtherobligationsunderthatLetterof

Intent.

AboutTakaraResourcesInc.:

TakaraResourcesisagolddevelopmentcompanythatisfocusedonitsadvancedstagegoldprojectswithintheGuyanaShield,Guyana,SouthAmerica.Takaraalso

holdsa75%interestinanickelprojectinnorthernManitoba,Canada.

AboutAxiomGoldandSilverCorp.:

AxiomGoldandSilver,throughitswhollyownedsubsidiary,AxiomMineralsdeMexicoS.A.deC.V.isamineralexplorationcompanywithcurrentpropertieslocatedin

SonoraState,MexicoTheCompanyisledbyDr.JohnLarson,aseniorminingexecutivewith33yearsinternationalexperienceinexploration,miningandresource/reserve/mine

development.

ForwardLookingStatement:

ThisPressReleasecontainscertainforward-lookingstatementswithinthemeaningofthePrivateSecuritiesLitigationReformActof1995.TheCompanyhastried,

wheneverpossible,toidentifytheseforward-lookingstatementsusingwordssuchas"anticipates,""believes,""estimates,""expects,""plans,""intends,""potential"and

similarexpressions.ThesestatementsreflecttheCompany'scurrentbeliefsandarebaseduponinformationcurrentlyavailabletoit.Accordingly,suchforward-looking

statementsinvolveknownandunknownrisks,uncertaintiesandotherfactorswhichcouldcausetheCompany'sactualresults,performanceorachievementstodiffer

materiallyfromthoseexpressedinorimpliedbysuchstatements.TheCompanyundertakesnoobligationtoupdateoradviseintheeventofanychange,additionor

alterationtotheinformationincludedinthisPressReleaseincludingsuchforward-lookingstatements.

CautionaryNotetoUSInvestors:

AllmineralmaterialshavebeencalculatedinaccordancewiththedefinitionstandardsonmineralresourcesandmineralreservesoftheCanadianInstituteof

Mining,MetallurgyandPetroleumreferredtoinCanadianNationalInstrument43-101,commonlyreferredtoasNI43-101.U.S.SECreportingrequirementsfordisclosureare

governedbySECIndustryGuide7.NI43-101andIndustryGuide7differmaterially.

TheUnitedStatesSecuritiesandExchangeCommissionlimitsdisclosureforU.S.reportingpurposestomineraldepositsthatacompanycaneconomicallyandlegally

extractorproduce.Weusecertaintermsinthispressrelease,suchas"reserves,""resources,""geologic

resources,""proven,""probable,""measured,""indicated,"or"inferred"whichmaynotbeconsistentwiththereservedefinitionsestablishedbyIndustryGuide7.U.S.investors

areurgedtoconsidercloselythedisclosureinourfilingswiththeSEC.YoucanreviewandobtaincopiesfromtheSECwebsiteathttp://www.sec.gov/edgar.shtml

CorporateHeadquarters

AxiomGoldandSilverCorp.

Dr.JohnLarson

1846E.InnovationParkDr.

OroValley,AZ85755

Tel:+1(520)318-5595

E-mail:info@axiomgoldandsilver.com

www.axiomgoldandsilver.com