Central Polymetallic Zone Expansion Of Mineralised Footprint

MONTREAL - Amex Exploration Inc. has expanded the mineralized footprint of the Central Polymetallic Zone (CPZ). The new high-grade intercept has the potential to extend the CPZ by 100 m beyond its currently defined area. Additionally, recent drilling in the High Grade and Team Zones have intercepted mineralization outside of the Perron Project's disclosed resource. This drilling was completed after the drillhole database cutoff and the majority of intercepts fall outside of the modelled underground stopes and open pits meaning they have the potential to grow the existing resource. Finally, Amex has also successfully expanded the latest discovery on the Perron Project, the JT Zone. The mineralized dike of the JT Zone has now been defined to approximately 450 m of strike, with a thickness of 60 m, plunging to the east. The zone is located approximately 750 m to the north-northwest of the High Grade Zone (HGZ) and approximately 600 m to northwest of the Team Zone. The same late diabase dike that cuts the HGZ can also be seen cutting the JT Zone. The mineralized dike remains open to the east at depth. For a full list of today's drill results and collar locations.

Since publishing the NI 43-101 Mineral Resource Estimate at Perron, the Amex Exploration team has been optimizing the drilling plan to target expansion of the open pit and underground stope shapes identified in the resource. Numerous areas across the project have been outlined for expansion due to a lack of drilling. This process will be even further refined when the mine plan is in hand from the upcoming Preliminary Economic Assessment (PEA), expected in the current quarter.