12:29:31 EST Tue 29 Nov 2022
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Amex Exploration Inc (2)
Symbol AMX
Shares Issued 103,243,001
Close 2022-09-08 C$ 1.65
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Amex Exploration receives UL 2723 Ecologo certification

2022-09-08 09:38 ET - News Release

Mr. Victor Cantore reports


Amex Exploration Inc. has received UL 2723 Ecologo certification for mineral exploration companies. Amex has successfully completed the final stage of the certification process, which includes audit results, use of the UL Ecologo mark and registration in UL's Spot sustainable product database. The company is very proud of this accomplishment and intends to continue working to promote this certification and its advantages, helping to make it a key objective in the mineral exploration sector.

A plan for the future

The responsible development of mineral resources has become a must. It is a factor in all parts of society, and every project needs to be designed and executed with it in mind. For mineral exploration companies and their service providers, that entails applying the best social, environmental and economic practices.

For Amex, UL Ecologo certification for mineral exploration promotes a better work environment, motivates employees, improves the company's appeal as an employer, strengthens strategic planning and aids in risk management. As studies tend to show, being certified means the company could be better prepared for changes to legislation and is likely to have better relationships with stakeholders, which would contribute to the social acceptability of Amex's projects and help improve completion times.

The certification process

Amex began the accreditation process on Jan. 11, 2022, successfully completing it on Aug. 15, 2022. In completing the process, the company showed that it met all of the responsible development indicators required to obtain UL Ecologo certification for mineral exploration.

A team effort

Amex would like to thank the Quebec Mineral Exploration Association (QMEA) and its coaching program for their collaboration. The company greatly appreciates their support and guidance and is grateful for their contribution to the success of the company's efforts.

Victor Cantore, Amex Exploration's president and chief executive officer, commented: "Being awarded Ecologo certification is a proud achievement for our whole team. The Ecologo certification demonstrates to all our stakeholders, including investors and communities, that a trusted third party has carefully evaluated our operations and procedures to validate that our environmental, social and governance procedures and practices in relation to exploration in Quebec meet or exceed best practices. This certification illustrates our company's commitment to sustainable and responsible mining."

About Amex Exploration Inc.

Amex Exploration has made significant gold discoveries on its 100-per-cent-owned high-grade Perron gold project located approximately 110 kilometres north of Rouyn-Noranda, Que., consisting of 117 contiguous claims covering 4,518 hectares. The project is well serviced by existing infrastructure, on a year-round road, 10 minutes from an airport and just outside the town of Normetal (approximately eight kilometres). In addition, the project is in close proximity to a number of major gold producers' milling operations. The project has open-pit potential to access high-grade underground zone. Since January, 2019, Amex has intersected significant gold mineralization in multiple zones and discovered two copper-rich VMS (volcanogenic massive sulphide) zones.

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