Mr. Victor Cantore reports

AMEX COMMENCES 15,000 M DRILL PROGRAM AT PERRON WEST IN ONTARIO AND HIRES IR FIRM

Amex Exploration Inc. has provided an update on its recently announced maiden drill program on the Perron West project in Ontario. Details of the program can be found in the company's press release dated March 25, 2026. Amex is pleased to share that pad construction progressed well over the past weeks and that the first of two drill rigs has arrived on site, been mobilized to its first pad and begun drilling. A second drill rig is expected to arrive on site in the coming days, which is in addition to the continuing drill program on the original Perron project in Quebec.

As a reminder, Amex controls a vast land package in the Abitibi greenstone belt, stretching across Quebec and Ontario containing an impressive 70-kilometre strike length of prospective geology. Upon inclusion of the properties outlined in the option agreement announced on March 13, 2026, the company now holds an immense, contiguous combined property spanning 570.94 square kilometres.

Among the many targets to be tested, the first drill will commence in Target Area A, where Amex will test for a potential repetition of a rhyolitic block to the west of the Patten Pluton. The rhyolitic Beaupre block in Quebec is currently host to the vast majority of Amex's mineralization and therefore any repeats of this geological environment represent prime regional exploration targets for the company.

In addition, the company has entered into an investor relations and marketing services agreement with SRC Swiss Resource Capital AG effective April 15, 2026. Under the terms of the agreement, SRC has agreed to provide certain investor relations and promotional services to increase exposure and awareness of the company within the German-speaking European financial community, in accordance with Policy 3.4 -- Investor Relations, Promotional and Market-Making Activities of the TSX Venture Exchange, and applicable securities laws.

The agreement has an initial 12-month term and thereafter will be automatically renewed on a quarterly basis, unless terminated by either party with seven days of notice prior to the applicable renewal date. The company has agreed to pay SRC a cash fee in the amount of 6,000 Swiss Francs per month. Optional additional services, including road show tours and representation at trade or investment fairs and events, are available for an additional fee, plus expenses.

SRC is a leading investor relations and public relations firm based in Switzerland specializing in publicly listed resource companies from Canada, the United States and Australia. It is a private company with a place of business at Poststr. 1, CH-9100, in Herisau, Switzerland. SRC is owned by Jochen Staiger and Marc Ollinger, and has no direct relationship with, and is arm's length from, the company, other than as disclosed in this news release. Neither SRC nor any of its principals currently hold any securities of the company. The agreement and the engagement of SRC pursuant thereto remain subject to the approval of the TSX-V.

Qualified person and QA/QC (quality assurance/quality control)

The technical information in this news release has been reviewed and approved by Aaron Stone, PGeo (OGQ 2170 and PGO 3708), for the properties in Ontario and Jerome Augustin, PGeo, PhD (OGQ 2134), for the Perron project in Quebec.

The potential grades of exploration targets discussed in this news release are conceptual in nature. The qualified persons have not completed sufficient work to verify historical information on the properties and it is uncertain if further exploration will result in any targets being delineated as a mineral resource. The company has not independently verified and cannot guarantee the accuracy or completeness of any third party data discussed in this news release and investors should use caution in placing reliance on such information. The information provides an indication of the exploration potential of the properties but may not be representative of expected results.

About Amex Exploration Inc.

Amex Exploration has made significant high-grade gold discoveries, along with copper-rich volcanogenic massive sulphide (VMS) zones, at its 100-per-cent-owned Perron gold project, located approximately 110 kilometres north of Rouyn-Noranda, Que. The Perron project in Quebec consists of 183 contiguous claims for a surface area of 65.72 square kilometres. The project hosts several zones of high-grade gold mineralization, VMS mineralization and hybrid gold-rich VMS mineralization.

When combined with the adjacent and contiguous Perron West project and Abbotsford and Hepburn projects (including additional claims acquired through staking) in Ontario, the consolidated land package spans a district-scale 570.94 square km. This extensive property lies within highly prospective geology favourable for both high-grade gold and VMS mineralization.

The project benefits from excellent infrastructure: it is accessible by a year-round road, located just 30 minutes from an airport and approximately 6.5 km from the town of Normetal. It is also in close proximity to several process plants owned by major gold producers.

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