Highlights from the Denise Zone include:

• 8.25 g/t Au over 44.80 m, including 602.00 g/t Au over 0.50 m, at a vertical depth of ~230 m in hole PE-21-337;
• 1.22 g/t Au over 64.75 m, including 10.96 g/t Au over 3.55 m, at a vertical depth of ~200 m in hole PE-21-305;
• 2.38 g/t Au over 6.50 m at a vertical depth of 260 m in hole PE-21-291;
• 1.36 g/t Au over 10.50 m at a vertical depth of 335 m in hole PE-21-311;
• 1.55 g/t Au over 8.50 m at a vertical depth of 230 m in hole PE-21-285;
• 1.41 g/t Au over 9.00 m at a vertical depth of 340 m in hole PE-21-382;
• 2.01 g/t Au over 6.50 m at a vertical depth of 290 m in hole PE-21-369;
• 2.65 g/t Au over 9.90 m at a vertical depth of 40 m in hole PE-21-368;
• 1.50 g/t Au over 19.70 m at a vertical depth of ~30 m in hole PE-21-364; and
• 0.76 g/t Au over 37.55 m at a vertical depth of ~100 m in hole PE-21-374.

Amex Exploration Inc. (TSX-V: AMX) (FRA: MX0) (OTCQX: AMXEF) is pleased to announce a total of 36 drill holes focused on expansion and definition drilling of the Denise Zone, part of the Eastern Gold Zone, of the Perron Project. See Figure 1 for a plan view of the geology of the EGZ and the mineralized zones.

Today’s results are focused on near surface and on-strike expansion as well as definition drilling of the Denise Zone as the Company works towards its maiden resource on the Perron Project. A complete list of results is available in Table 1 and presented in Figure 2. In addition to the results detailed below, Amex is awaiting results on over 9,500 samples at three labs from holes targeting the HGZ, Denise, QF Zone, and Grey Cat Zone, as well as regional exploration drilling.

Jacques Trottier, PhD, Executive Chairman of Amex Exploration commented, “We are very pleased to see Denise growing as this Zone has the potential to add meaningful near surface ounces to the overall gold resource at Perron. Today’s results indicate that Denise is a system that exhibits both low-grade bulk tonnage and higher-grade vein type tendencies. This will provide optionality for future potential mining scenarios.”

Trottier continued, “One of the major near-term goals of our coming winter drilling season is to test the expansion potential of Denise to the East along strike for at least a kilometre. Last year in July we reported in holes PE-21-262, 270, 273, and 277, all of which expand the Denise Zone eastward and even to the east of a cross-cutting late diabase dyke. There has been very little drilling to the east, as shown in Figure 1, due to better access in winter and permitting requirements. Having already intercepted gold along this trend we view this as a top priority for the coming drilling.”

Figure 1: Plan view of the geology of the Eastern Gold Zone comprised of the High Grade Zone and the Denise Zone

Figure 2: Longitudinal section of the Denise Zone, with today’s released hole locations in green and/or labelled on the longitudinal. Assay results are presented in core length (m). True width is approximately 70-80% of reported intercepts. Metal factor is defined as gold grade multiplied by core length.

Table 1: Assay results from the Denise Zone at Perron

Qualified Person

Maxime Bouchard P.Geo. M.Sc.A., (OGQ 1752) and Jérôme Augustin P.Geo. Ph.D., (OGQ 2134), Independent Qualified Persons as defined by Canadian NI 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 Maxime Bouchard and Jérôme Augustin. 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 3 ppm 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% less than 2 mm prior to pulverization, in order to homogenize samples which may contain coarse gold. Core logging and sampling were completed by Laurentia Exploration.

About Amex

Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold projects in the mining-friendly jurisdiction of Quebec. Amex is focused on its 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 117 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. High-grade gold has been identified in each of the zones. A significant portion of the project remains underexplored. In addition to the Perron project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and elsewhere in the province.