Highest Grade Interval To Date On Denise

MONTREAL - Amex Exploration Inc. reported substantial results from several holes targeting the Denise Zone, a broad gold bearing system approximately 50 m to 100 m to the south of the High Grade Zone (HGZ), of the Perron property in northwestern Quebec, Canada as shown in Figures 1 & 2. These results significantly increase the potential for higher grade mineralization within the broad Denise Zone. Highlights: Hole PE-20-192 intersected 39.55 meters of 9.36 g/t Au including 21.90 meters of 16.55 g/t Au which includes 0.50 meters of 428.42 g/t Au, 0.50 meters of 135.87 g/t Au, and 0.50 meters of 131.85 g/t Au at a vertical depth of approximately 225 meters; and Hole PE-20-191 intersected 35.60 meters of 1.07 g/t Au including 0.50 meters of 47.94 g/t Au at a vertical depth of approximately 125 meters

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.

Jacques Trottier, Ph.D., Executive Chairman, said, "Our most recent press release on the Denise Zone focused on broad (~50-100 m) zones of lower-grade near-surface gold mineralization (1 to 2 g/t Au). The results of holes PE-20-191 continue to support the growing large-volume system, as does our ongoing re-sampling program of previously drilled holes. The very high grade gold found in PE-20-192 is similar to the grade that we typically see in the HGZ next door. We have previously reported high grade intersections within the Denise zone which help to increase the overall grade of the system, an important consideration for evaluation of this ore body."