Leezamax to acquire Axiom Energy

Canadas Leezamax Corp. will acquire all of the issued and outstanding common shares of Axiom Energy Limited, an Australian biodiesel company, based in Melbourne, Victoria, in exchange for the issuance of common shares in the capital of the corporation. The Axiom acquisition constitutes a “Qualifying Transaction” for the corporation. A special meeting of the shareholders of Leezamax will be held to consider and approve certain aspects of the qualifying transaction, in accordance with the policies of the Exchange and the Business Corporations Act (Alberta), including the appointment of the new board and the name change. (November 22, 2007)