Mr. Victor Cantore reports

AMEX DRILLS 81.50 M OF 1.51 G/T GOLD AT DENISE ZONE OF THE EASTERN GOLD ZONE AT PERRON AND APPOINTS NEW CFO

Amex Exploration Inc. has released results from several holes targeting the near-surface portion of the Denise zone of the Eastern gold zone (EGZ). As a reminder, the EGZ comprises two gold zones, high-grade zone (HGZ), a continuous high-grade gold system, which is immediately north of the Denise zone (Denise). Today's results significantly confirm and increase the high metal factor core of the Denise zone with large intervals of gold mineralization. Of note the large mafic intrusive body to the west of the Denise zone appears to have a significant control on the size and grade of the intervals identified to date. Highlights are detailed below, and a complete list of results is available in the associated table.

Gold mineralization at Denise, hosted by brecciated rhyolite of the Beaupre block, consists of disseminated anomalous to low-grade gold mineralization associated with intense sericite and silica alteration, as well as high-grade gold mineralization associated with narrow quartz veins and veinlets. Highlighted results from the Denise zone are presented on cross-sections in images on the company's website as well as on a long section in another image on the company's website:

• Hole PE-20-199 intersected 81.50 metres of 1.51 grams per tonne gold at a vertical depth of approximately 190 metres.
• Hole PE-20-204 intersected 187.00 metres of 0.66 g/t Au at vertical depth of approximately 180 metres and, within this large interval, 35.50 metres of 1.54 g/t Au as well as 3.50 metres of 9.07 g/t Au were intersected.
• Hole PE-20-201 intersected 22.00 metres of 0.82 g/t Au at a vertical depth of approximately 180 metres.
• Hole PE-20-193 intersected 39.00 metres of 0.84 g/t Au at a vertical depth of approximately 650 metres.

Jacques Trottier, PhD, executive chairman of Amex, said: "We continue to encounter wide near-surface gold mineralization at Denise, which improves the open-pit potential of the entire Eastern gold zone. As we advance the definition drilling of the Denise zone we note that the continuity and consistency of the mineralization is improving. As identified in the longitudinal section [in an image on the company's website], a high metal factor core can clearly be seen at the margins of the gabbro. This has significant implications for gold mineralization in this area as well as elsewhere on the property as our understanding of the controls on the gold mineralization at Perron continues to improve."

                ASSAY RESULTS FROM THE DENISE ZONE AT EGZ

Hole ID           From          To      Length          Au      Metal factor
                   (m)         (m)         (m)       (g/t)           (g/t*m)

PE-20-193       669.00      675.00        6.00        0.93              5.56
PE-20-193       723.00      762.00       39.00        0.84             32.88
including       738.00      742.50        4.50        2.68             12.04
PE-20-195       277.00      451.00      174.00        0.40             69.95
including       336.75      345.00        8.25        2.59             21.33
including       343.00      344.00        1.00       14.32             14.32
including       450.50      451.00        0.50       35.29             17.65
PE-20-196       273.50      287.50       14.00        0.55              7.71
including       284.70      285.90        1.20        3.98              4.78
PE-20-199       217.00      298.50       81.50        1.51            122.98
including       294.00      298.50        4.50        6.79             30.56
including       242.35      242.95        0.60      108.86             65.32
including       294.00      295.50        1.50       15.51             23.27
including       297.00      297.50        0.50       11.74              5.87
PE-20-201       198.00      208.00       10.00        0.92              9.23
PE-20-201       241.00      263.00       22.00        0.82             18.11
including        259.7      260.20        0.50       12.43              6.22
PE-20-201       353.00      354.50        1.50        1.14              1.71
PE-20-204       148.00      335.00      187.00        0.66            123.42
including       148.00      225.50       77.50        0.91             70.22
including       190.00      200.00       10.00        3.51             35.09
including       190.00      225.50       35.50        1.54             54.74
including       265.00      272.50        7.50        1.72             12.92
including       332.50      336.00        3.50        9.07             31.76
including       334.50      335.00        0.50       62.02             31.01

* Note that drill results are presented uncapped and lengths 
represent core lengths. True width is estimated to be about 75 per cent 
in Denise.

In addition, Amex is pleased to announce that Patrick Musampa has joined the management team and will take on the role of chief financial officer, following the resignation of Martin Nicoletti. Mr. Musampa is a chartered professional accountant (CPA), having over 10 years of financial experience and particular expertise in financial reporting, strategic planning, budgeting, financial modelling and analysis. He has been involved in the mining sector through his consulting firm, MGM Ressources Conseil Inc., through which he acts as chief accountant of Nyrstar, a company with international mining operations, and chief financial officer of Maya Gold and Silver, a Canadian reporting issuer with mining operations. Mr. Musampa is actively involved in the community and provides his services to various social groups, including the Reseau des entrepreneurs et professionnels Africains (REPAF) and the Organisation des Professionnels Congolais du Canada (OPCC). Mr. Musampa is well acquainted will financial reporting requirements, the mining regulatory environment and corporate governance matters.

Victor Cantore stated: "We are pleased to welcome Mr. Musampa to the role of CFO. He is very familiar with Amex, having worked on our file for the past year in conjunction with our former CFO Martin Nicoletti. I would like to thank Mr. Nicoletti who has served as the CFO of Amex for the past 10 years with professionalism and integrity. Mr. Nicoletti will assist Amex in the smooth transfer to new CFO. We wish him great success with his future projects."

Geology of the Eastern gold zone

At the Eastern gold zone, Amex clearly has two different orogenic Archean gold mineralization types adjacent to each other -- the high-grade zone (HGZ) and the Denise zone. The Denise zone is located roughly 50 m to a 100 m to the south of the HGZ and is a shear-zone-type gold mineralization that consists mainly of a wide (from five m to more than 100 m of width) subvertical deformation zone of highly sheared and highly silicified, sericitized and pyritized altered rhyolite. The Denise zone also has a distinctive feature consisting of heavily deformed, pinched and swells transposed quartz veins and veinlets containing various sulphide minerals, such as pyrite, pyrrhotite, sphalerite and galena, and also frequently fine grains of native free gold. The occurrence of scattered fine free native gold in the Denise zone could explain the higher gold content of this mineralized shear zone (for example, hole PE-19-83 that returned 23.91 g/t Au over 9.30 m). The HGZ is typically a bonanza vein type characterized by very high-grade gold content (up to 393.33 g/t Au over 1.70 m in hole PE-19-22) usually consisting of two parallel continuous quartz veins containing multiple native coarse free gold grains located at the contact on both sides of a linear vertical mafic foliated gabbro intrusive crosscutting a massive rhyolitic host unit.

Qualified person

Maxime Bouchard, PGeo, MScA (OGQ 1752), and Dr. Jerome Augustin, PGeo, PhD (OGQ 2134), independent qualified persons as defined by Canadian National Instrument 43-101 standards, have 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 Mr. Bouchard and Dr. Augustin. Core logging and sampling were completed by Laurentia Exploration. The quality assurance and quality control protocol include insertion of blank or standard every 10 samples on average, in addition to the regular insertion of blank, duplicate and standard samples accredited by Laboratoire Expert during the analytical process. Gold values are estimated by fire assay with finish by atomic absorption and values over three parts per million Au are reanalyzed by fire assay with finish by gravimetry by Laboratoire Expert Inc., Rouyn-Noranda. Samples containing visible gold mineralization are analyzed by metallic sieve. For additional quality assurance and quality control, all samples were crushed to 90 per cent less than two millimetres prior to pulverization, in order to homogenize samples, which may contain coarse gold. Core logging and sampling were completed by Laurentia Exploration.

The qualified persons have not completed sufficient work to verify the historic information on the property, particularly in regard to historical drill results. However, the qualified persons believe that drilling and analytical results were completed to industry-standard practices. The information provides an indication of the exploration potential of the property but may not be representative of expected results.

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 and base metal projects in the mining-friendly jurisdictions of Quebec and Ontario. Amex is focused on its 100-per-cent-owned Perron gold project located 110 kilometres north of Rouyn-0Noranda, Que., consisting of 116 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.

We seek Safe Harbor.