Dr. Jacques Trottier reports

AMEX EXPANDS TEAM ZONE AND DELIVERS WIDE NEAR SURFACE DRILL INTERCEPTS OF UP TO 1.70 G/T AU OVER 68.00 M INCLUDING 7.89 G/T AU OVER 9.70 M

Amex Exploration Inc. has released assay results from new follow-up and expansion drill holes at the Team zone on the Perron project in the Abitibi region of Quebec. The Team zone occurs approximately 600 metres to the northeast of the high-grade zone (HGZ). The Team zone is currently outlined over 350 m by 200 m laterally and from surface to a depth of approximately 400 m (see an attached table for a list of today's drill results).

Highlight drill results include:

• PE-23-627 -- 1.7 grams per tonne gold over 68 m, including 7.89 g/t Au over 9.70 m, at a vertical depth between 135 m and 195 m;
• PE-22-588 -- 8.68 g/t Au over four m, including 19.89 g/t Au over 1.50 m, at a vertical depth of approximately 140 m.

Dr. Jacques Trottier, PhD, executive chairman of Amex Exploration, commented: "Today's results are largely focused on the expansion and definition of the Team zone to the east, following the general northwest-southeast trend of the system. We are very excited to be seeing both high-grade mineralization and longer intervals of near-continuous gold within the system as we continue to advance our understanding of the Team zone. With any new zone it takes time to understand the system through modelling and drilling. The oriented drilling that we have been doing on the Team zone since September has proven to be very helpful in targeting. We have identified five distinct orientations of gold-bearing veins and are adjusting drill targeting as we advance. Upcoming drilling, along with pending holes, will continue to delineate the zone at 50 m centres as well as expanding along trend, particularly to the northwest towards the previously discovered 210 gold zone. This work will define the gold potential at the Team zone."

The Team zone sits within the Beaupre rhyolite, host to all significant gold occurrences at Perron, at the contact of the Normetal fault and approximately 600 m north of the high-grade zone. Gold mineralization occurs within a relatively massive and silicified rhyolite host rock, within quartz-carbonate veins/veinlets containing pyrite, pyrrhotite, chalcopyrite, molybdenite, sphalerite and visible gold. Gold mineralization is also disseminated within the rhyolite host rock, in contrast with several other zones identified on the project to date. Recently completed structural interpretation by Laurentia Exploration, a geological consultant to Amex, has identified several distinct trends to gold-bearing veins in the Team zone. Visible-gold-bearing quartz-sulphide veins occur on north-northwest, northeast and north-south trends. Gold-bearing (but not visible) quartz-sulphide veins occur on east-west, northwest and north-south trends. Drilling has been optimized to intercept as many as possible of these vein sets with each hole. Amex is currently conducting 50 m spaced (three dimensionally) definition drilling of this system from surface to a depth of approximately 450 metres vertically. Drilling at the Team zone is continuing, and the company is awaiting additional assay results, which will be released once results are received.

Qualified person

Dr. Jerome Augustin, PGeo, PhD (OGQ 2134), an independent qualified person as defined by National Instrument 43-101 standards, has reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Dr. Augustin. Core logging and sampling were completed by Laurentia Exploration.

The quality assurance/quality control protocols include the insertion of blank or standard samples every 10 samples on average, in addition to the regular insertion of blank, duplicate and standard samples accredited by Laboratoire Expert Inc. or ALS Canada Ltd. during the analytical process.

For all analyses targeting gold mineralization, gold values are estimated by fire assay with finish by atomic absorption. Values over three parts per million Au are reanalyzed by fire assay with a gravimetric finish by Laboratoire Expert, Rouyn-Noranda. Samples containing visible gold mineralization are analyzed by metallic sieve. For additional quality assurance/quality control, all samples were crushed to 90 per cent passing fewer than two millimetres prior to pulverization, in order to homogenize samples that may contain coarse gold.

For analyses targeting volcanogenic massive sulphide mineralization, zinc, copper and silver values are estimated by four-acid digestion and multielement inductively coupled plasma/atomic emission spectroscopy (ICP-AES) (ME-ICP61) at ALS Canada. Zinc values over 1 per cent, copper values over 1 per cent and silver values over 100 g/t are estimated by four-acid digestion and ICP-AES (OG62). Gold values are estimated by fire assay with atomic absorption finish.

About Amex Exploration Inc.

Amex Exploration is a junior mining/exploration company, the primary objective of which is to acquire, explore and develop viable gold projects in the mining-friendly jurisdiction of Quebec. Amex is focused on its 100-per-cent-owned Perron gold project, located 110 kilometres north of Rouyn Noranda, Que., consisting of 117 contiguous claims covering 4,518 hectares. A number of significant gold discoveries have been made at Perron, including the Eastern gold zone, the Gratien gold zone, the Grey Cat zone and the Central polymetallic zone. High-grade gold has been identified in each of the zones. A significant portion of the project remains underexplored. In addition to the Perron project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and elsewhere in the province.

We seek Safe Harbor.