An exercise device for providing resisted movement of the ankle through the full range of motion thereof to exercise the muscles in the ankle, foot, lower leg and especially shin area. This exercise device comprises: (a) a base; and (b) a foot receiving member having an ankle section. The foot receiving member is mounted on the base for resisted pivotal movement about: (1) a substantially horizontal axis extending transversely and underneath the ankle section of the foot receiving member; and (2) a substantially vertical axis extending from the base and through the ankle section of the foot receiving member.