Amex

AMEX COMPLETES PERMITTING AND ROAD ACCESS ON CHIVAS PROPERTY, SONORA MEXICO.

admin — Wed, 25 Jan 2012 14:52:45 +0000

Montréal, Canada – January 25, 2012 – Amex Exploration inc. (AMX: TSX-V,) is pleased to announce that all necessary permitting have been obtained and all road access have been completed on the Chivas property in Sonora, Mexico. The Chivas property, optioned to Bowmore Exploration Inc. (BOW: TSX-V), is composed of two claims covering over 24,841 hectares situated at 15 kilometres to the west of the Dolores Mine owned by Minfinders Corporation Ltd. Geologically, the property is located within the Sierra Madre Occidental gold belt (“SMO”) of Mexico wich hosts reserves of more than 40 million ounces of gold and 2 billion ounces of silver.

Over the last two months, the Company completed 20 km of road maintenance and widening and also completed 12 km of road construction to allow a conventional drill rig to access the targeted zones identified by previous work programs. Work began in early December 2011 and was completed last week with access to the Silica Cap, Mesa Blanca, Mesa and Cerro Rojo zones. All drill pads have been prepared to test the IP and TerraSpect anomalies along the above mentioned altered zones where previous exploration work in 2010 and 2011 has identified a large low sulphidation epithermal system within the Chivas property (see news release October 26, 2010 and news release July 14, 2011 and news release November 21, 2011).
At this time, the company is finalizing all the set-up work in order to initiate in a very short term the first phase of drilling. The field crew of Amex (the operator under the option agreement) is in the final evaluation of selecting a drilling contractors, a drilling contract should be signed in the near term.

Dr. Jacques Trottier, President and CEO of Amex Exploration inc., stated: “Both management of Amex and Bowmore are very enthusiastic to finally test by drilling the outlined extensive hydrothermal system that Amex has identified at Chivas. It is with some high expectation that the company is about to initiate the first phase of drilling on this property.”
The company has granted a total of 1,300,000 options to its directors and officers pursuant to its stock option plan. Each option entitles its holder to subscribe to one additional common shares of the share capital of Amex at a price of $0.25 per share for a period of five years and a total of 125,000 options to two consultants pursuant to its stock option plan. Each option entitles its holder to subscribe to one additional common shares of the share capital of Amex at a price of $0.25 per share for a period of one year. The vesting and hold periods of the stock options are

subject to the Policy 4.4 of the TSX Venture Exchange and to the Amex’s incentive stock option plan.
Amex Exploration Inc. is a junior mining exploration company listed on the TSX Venture Exchange whose primary objective is to develop and bring into production viable gold and base metal deposits.

The technical information reported in this news release has been approved by Jacques Trottier, geol., Qualified Person as defined by Canadian NI 43-101
For additional information, contact: Dr. Jacques Trottier
President and Chief Executive Officer Tel.: (514) 866-8209

Forward-looking statements:
Except for statements of historical facts, all statements in this news release regarding, without limitation, new project acquisitions, future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; Actual results and future events could differ materially from those anticipated in such statements.

AMEX-BOWMORE CUT LARGE INTERCEPT OF CARLIN-TYPE GOLD MINERALIZATION AT NUEVA ESCONDIDA PROPERTY IN MEXICO

admin — Thu, 01 Dec 2011 14:58:17 +0000

Montreal, Canada – December 1st , 2011 – AMEX EXPLORATION INC (AMX: TSX-V, “Amex”) and its partner Bowmore Exploration Limited (BOW: TSX, “Bowmore”) are pleased to announce the identification by drilling of significant intercepts of low grade Carlin-type gold mineralization at Nueva Escondida property, located in the State of Sonora, Mexico, including a section of 110.5 meters at 0,19 g/t Au and 1.9 g/t Ag in hole NE-11-07( including 14.3 meters at 0.41 g/t Au and 5.9 g/t Ag) ;see table 1 for complete results). Before this first phase of drilling, no mineralization of this type had never been recognized or identified in the area.

The Property, composed of 9 claims covering 6,200 hectares located in the foothills of the Sierra Madre Occidental gold belt (“SMO”), was optioned to Bowmore in May of 2010 (see Press Release of 07-12-10), Amex being the operator. This property had never been drilled before and is not subject to any NSR. A total of 1561.8 meters along 8 diamond holes were completed between July 24th and September 17th. The campaign was designed to test by drilling the anomalous gold-silver and polymetallic zones outlined at surface described in the Press Release dated May 17th 2011.

Following the announcement of the results of the first four drill holes (see Press Release of 10- 13-11) where Amex-Bowmore has reported the identification of three different type of mineralization, the results of four additional holes (NE-11-05 to NE-11-08) confirmed with more details this fact. Moreover, Amex geologists have been able to establish a preliminary metallogenic model showing characteristics of multiphase overprinted mineralizing events, starting with a base metal polymetallic phase located at or near the contact between a Tertiary Porphyry intrusive and a faulted and folded sedimentary package made basically of limestone and siltstones, followed by a late Sediment-Hosted-Disseminated gold +/- silver phase. This latter phase, which is sometime cross-cutting the first phase polymetallic mineralization, shows characteristic Carlin-Type features such as intense silicification associated with anomalous content of gold (with typical related elements such as As-Ba-Hg), peripheral progressive decarbonatization of hosted-limestone with associated volume lost and collapse breccias, and late As-bearing phase such as orpiment filling some druzy voids.

Table 1. Significant Drilling Intercepts

All samples are prepared and assay by ALS CHEMEX. Also as part of our QAQC program approximately 5% of the samples are inserted blanks, standards & duplicates samples.

Jacques Trottier, PhD, president and CEO of Amex Exploration comment: “We are very encouraged with the results of this first phase of drilling at Nueva Escondida. Actually, it goes beyond our initial expectation as we have identified there some unexpected mineralization, the Sediment-Hosted-Disseminated gold mineralization that opens a totally new perspective for the next phase of drilling. Indeed, instead of having a ‘simple’ target of polymetallic base metal mineralization corridor located within a more limited field extension (ie at or near the Intrusive- Sediments contact zone) than now with the whole Sedimentary basin as target area. This first

phase of drilling clearly demonstrates the high potential of this project and we are quite enthusiastic to carry on additional work as soon as possible!!!”

Based on these results, Amex management, along with its partner Bowmore, will elaborate a new work program that will consists, in part, of an eventual second phase of drilling that will be focusing basically on this new potentially large Carlin-Type mineralization.

Amex Exploration Inc. is a junior mining exploration company listed on the TSX Venture Exchange whose primary objective is to develop and bring into production viable gold and base metal deposits.

The technical information reported in this news release has been approved by Jacques Trottier, geol., Qualified Person as defined by Canadian NI 43-101

For additional information, contact:

Dr. Jacques Trottier, PhD
President and Chief Executive Officer Tel.: (514) 866-8209

Forward-looking statements:

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

AMEX-BOWMORE ANNOUNCE THREE SIGNIFICANT GEOPHYSICS IP ANOMALIES RELATED TO LARGE LOW-SULFIDATION SYSTEM AT CHIVAS (NATORA-SOUTH), MEXICO

admin — Tue, 22 Nov 2011 15:04:50 +0000

Montreal, Canada – November 22, 2011 – AMEX EXPLORATION INC (AMX: TSX-V, ” Amex”) and its partner Bowmore Exploration Ltd (BOW: TSX, “Bowmore”) are pleased to announce the results of ground geophysics surveys that has identified three significant IP (Induced Polarization) anomalies associated with a large low-sulfidation epithermal system previously identified by detailed mapping, sampling and PIMA surveys (see Press Release Bowmore, July 14th 2011) on the Chivas Property in Mexico.

From these surveys, two out of three identified target areas, namely Silica Cap and Mesa Blanca, were selected for a ground geophysics survey ( Pole-dipole IP multi-separation survey) to better define drill targets. The results allowed defining three IP anomalies named IP1, IP2, and IP3. All these three anomalies are overlapping well defined wide-spread occurrence of surface buddingtonite alteration, typical of surface expression of high grade gold-silver bonanza zones of low-sulfidation system located at depth.

The three chargeability anomalies are described as follows:

Anomaly IP1:
This anomaly extends at depth in the western part of the grid. The chargeability values are week to moderate and occupied a large volume of rock of 500-800 meters in width extending in the SE-NW direction. IP2 anomaly (here under described) extends at shallow depth along the eastern flank of IP1.The weak to moderate chargeability amplitude reflects a pervasive oxidation of the disseminated sulphides throughout the anomalous corridor.

Anomaly IP2:
This anomaly extends at shallow depth along the eastern flanks of IP1. It corresponds to a high resistivity anomaly at the sub-surface indicating the presence of anomalous silica content associated with disseminated sulphide. It corresponds at surface to local silicification and a large area with presence of anomalous buddingtonite from PIMA samples.

Anomaly IP3:
This anomaly extends at shallow depth between lines 183500N and 183900N and remains open towards the northwest. It has the same SE-NW trends as IP1 and IP2. It corresponds to a high resistivity anomaly suggesting the presence of anomalous silicification. It corresponds to the silicified outcrops along the projection of IP3 at surface, and also it corresponds at surface to anomalous buddingtonite from PIMA samples

Note: The I.P. survey was initiated in late June and completed in August 4th , 2011. Six lines (two hundred east-west spaced lines, 3217900N to 3218900N) were surveyed for a total of 19.7 linear kilometers. The fieldwork was initiated by Geofísica TMC SA de CV from Mexico. After completing the first two IP lines, the results appeared quite noisy and the objective of surveying at depth was not achieved. VDG del Peru S.A.C. was then consulted in order to improve the survey procedures and the quality of the raw data being gathered. Thus, VDG del Peru S.A.C. recommended using galvanized metal plates instead of metal rods to increase the conductivity in order to get reliable responses at depth. The change to metal plates allowed the amplitude of the current improved in average by a factor of 67 %, the average amplitude of the Primary Voltage was increased by a factor of 65%, and the ground contact impedance measured between the potential electrodes lowered by a factor 6.8. According to VDG del Peru S.A.C., the amplitude of the chargeability anomalous targets is described as weak to moderate, indicating pervasive oxidation along a favourable corridor. The resistivity results outlined zone of high resistivity indicating the presence of anomalous silica content. High resistivity and high chargeability anomalies were derived from the 3D block modelling and projected on the interpretation map.(Source; VDG del Peru S.A.C., “Report on Induced Polarization surveys on behalf of Amex Exploration inc., Natora South Project, State of Sonora, Mexico”. November 2011, 13 pages with 4 appendix).

Following these significant results, Amex, with its partner Bowmore, are preparing an aggressive drill program of at least three thousand meters to test those IP anomalies, together with some follow-up drilled targets such as the mineralized Piedra Rodante Breccia Zone.

First phase of drilling by Amex-Bowmore at Chivas should commence upon reception of all required drilling permitting for the officials and land access from the land owners that we are expecting to get in the next coming weeks.

Dr Jacques Trottier of Amex stated: “The combination of already identified wide-spread occurrence of buddingtonite associated with surface silica-caps and high-level low-sulfidation breccia zone such as Piedra Rodante over an impressive area of about more than 4 km long by near 2 km of width, together with overlapping typical IP (Chargeability + Resistivity) anomalies gives us all the reasons to be very optimistic about the results from the near coming drilling phase at Chivas”.

Amex Exploration Inc. is a junior mining exploration company listed on the TSX Venture Exchange whose primary objective is to develop and bring into production viable gold and base metal deposits.

The technical information reported in this news release has been approved by Jacques Trottier, geol., Qualified Person as defined by Canadian NI 43-101

For additional information, contact: Dr. Jacques Trottier
President and Chief Executive Officer Tel.: (514) 866-8209

Forward-looking statements:

Except for statements of historical facts, all statements in this news release regarding, without limitation, new project acquisitions, future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; Actual results and future events could differ materially from those anticipated in such statements Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

AMEX AMENDS FIRST AND SECOND QUARTER FINANCIAL STATEMENTS AND MANAGEMENT DISCUSSION AND ANALYSIS REPORTS

admin — Fri, 11 Nov 2011 15:18:28 +0000

Montreal, November 11, 2011 – AMEX Exploration Inc. (“Amex”) (TSXV: AMX)

announce that it will restate its unaudited quarterly financial statements and management discussion analysis reports for the three-months and six-months periods ended March 31, 2011 and June 30, 2011. The financial statements will be restated to account for accounting modifications and adjustments following the transition to the new accounting standards IFRS. The following changes will be made:

1. Share based payments; options under the company option plan, are totally vested at the date of the grant, therefore under IFRS no adjustments were necessary. The net effect will be a decrease in the deficit and contributed surplus. 2. The financial statements for the first two quarters inadvertently omitted adjustments related to the shares issued by flow- through placements under IFRS. The net impact will be a decrease in the capital stock and deficit and an increase in the deferred liability. 3. The financial statements for the second quarter incorrectly included a loss on disposal of mining assets related to the Natora property 70% interest disposal. The net effect of the adjustment will be an increase in exploration and evaluation expenses and a decrease in the deficit.

Amex is a junior mining exploration company, the common shares of which are listed on the TSX Venture Exchange. Amex’s primary objective is to develop and bring into production viable gold and base metal deposits.

For further information please contact

Martin Nicoletti, CGA Chief Financial Officer Tel.: (514) 866-8209.

AMEX CLOSES ANOTHER $250,000 PRIVATE PLACEMENT

admin — Thu, 07 Apr 2011 19:18:04 +0000

Montreal, April 7, 2011 - Amex Exploration Inc. (TSX: AMX) (“Amex” or the “Corporation”) announces that it has closed a new non-brokered private placement with one investor consisting of 1,000,000 units (the “Units”) of Amex, at $0.25 per Unit, for total gross proceeds of $250,000. Each Unit is comprised of one non flow-through common share of Amex and one common share purchase warrant entitling the holder thereof to acquire one additional common share of Amex at $0.40 per share for a period of 18 months following the closing date.

In connection with this financing, Amex paid a cash commission of $10,000 to NBCN Inc. and issued 40,000 broker warrants, each broker warrant entitling NBCN Inc. to purchase one common share of Amex at the price of $0.40 during a period of 18 months following the closing date.

All securities issued pursuant to the private placement are subject to a four month and one day hold period, expiring on August 8, 2011. The private placement and the payment of the commissions are subject to the final approval of the TSX Venture Exchange (the “TSX-V”).

Proceeds of the private placement will be applied toward exploration work on the Corporation’s properties in Mexico and Quebec, and towards meeting short term operating working capital requirements.

Amex is a junior mining exploration company, the common shares of which are listed on the TSX-V. Amex’s primary objective is to develop and bring into production viable gold and base metal deposits.

For further information please contact Michel Lemay at 514-866-8209.

AMEX STARTS DRILLING ON NEW GOLD BEARING STRUCTURE AT CAMERON PROPERTY

admin — Thu, 06 Jan 2011 23:46:30 +0000

MONTREAL, Canada January 6th, 2011- Amex Exploration Inc. (AMX: TSX-V) is pleased to announce the beginning of a first phase of drilling on a new gold bearing structure outlined during last year trenching and sampling work (see press release of June, 15th, 2010) on its 100% owned Cameron property located in Northern Québec.

The property is located at about 25 kilometres to the NE of Lebel-sur-Quévillon in the north-western part of Quebec, and consists of 13 claims for a total area of 731 hectares. This first phase of drilling consists of 4 drill holes totalling about 600 meters that will test 4 IP anomalies (high chargeability and high resistivity) covering an area of about 1 km by 700 meters, one of which is associated with the new discovered gold-bearing zone.

In fact, follow up trenching, based on new geophysics surveys done last summer by Amex, combined with compilation data from previous trenching and grab sampling done by SOQUEM in the early 90′s, as led to the identification of a gold-bearing structure that returned an intersect of 1,17 g/t Au over 2,9 meters by channel sampling across the mineralized structure. This structure is characterized by an altered sheared quartz-feldspar-pyrite-sericite unit that is oriented more or less NE-SW and seems to be related to the regional ‘Wedding Fault Zone’. More specifically, the 4 IP anomalies that will be tested by this first phase of drilling seem to be associated with the Wedding Fault Zone or its subsidiaries.

Geologically, the property is covered by volcano sedimentary rocks of the Abitibi Sub province which consists mostly of basaltic to andesitic rocks with five felsic horizons present in the trench area. The property is strategically located near the intersection of the Cameron and Chieftain regional deformation corridors and is cut by the regional NE trending Franquet and Wedding faults. To the northwest, shear-related gold mineralization has been discovered along the NW-SE Cameron deformation corridor at the Flordin deposit with reserves of 815 500T @ 5.1 g/t Au, at the Cartwright deposit with 83 000T @ 10.4 g/t Au and at the Lake Cameron Sud deposit with values of 5.1 g/t over 0.8 meter and 1.3 g/t Au over 13 meters (ref Roy et al. ET-97-02, 1997, 27 p.).

Amex management is very enthusiastic about the initiation of this first phase of drilling at Cameron and is looking forward for the results that should be available by the end of next month. In the mean time, Amex is also planning a new phase of exploration work in Mexico on its 100% own Natora-Norte property for 2011. The details of this new program will be announced in the next coming days.

Amex Exploration Inc. is a junior mining exploration company listed on the TSX Venture Exchange whose primary objective is to develop and bring into production viable gold and base metal deposit located in Canada and in Mexico.

The technical information reported in this news release has been approved by Jacques Trottier, geol., Qualified Person as defined by Canadian NI 43-101

For additional information, contact:
Dr. Jacques Trottier
President and Chief Executive Officer
Tel.: (514) 866-8209

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this

AMEX CLOSES $975,600 PRIVATE PLACEMENT

admin — Wed, 29 Dec 2010 23:55:13 +0000

Montreal, December 29, 2010 - AMEX Exploration Inc. (“Amex”) (TSXV: AMX) announce the closing of a private placement of: $975,600.

The private placement consist of:
314 units “A” (the “Units A“), at a price of $2,900.00 per Unit, each Unit “A” consist of 8000 flow-through common shares at a price of $0.30 per flowthrough common share, 2,000 common shares at a price of $0.25 per common share and 2 000 share purchase warrants. Each share purchase warrant shall entitle its holder thereof to acquire one additional common share of Amex at a price of $0.35 for a period of 12 months or $0.45 for a period of 24 months from the closing date for a gross proceed of $910,600.

26 units “B” (the “Units B“), at a price of $2,500.00 per Unit, each Unit “B” consist of 10000 common shares at a price of $0.25 per and 10 000 share purchase warrants. Each share purchase warrant shall entitle its holder thereof to acquire one additional common share of Amex at a price of $0.35 for a period of 12 months or $0.45 for a period of 24 months from the closing date for a gross proceed of $65,000.

In connection with this tranche of financing, Amex will pay a cash commission of $68,440 to Canaccord Capital and will issue 236,000 broker warrants, each broker warrant entitling Canaccord Capital to purchase one common share of Amex at the price of $0.30 during a period of 18 months following the closing date.

5 Insiders has participates to this private placement for a gross proceed of $82,500.

All securities issued pursuant to the private placement are subject to a four-month and one day hold period. The private placement and the payment of the cash commissions are subjects to the final approval of the TSX Venture Exchange.

Proceeds of the private placement will be applied toward exploration work on the Company’s properties in Mexico and Quebec, and towards meeting short term operating working capital requirements.

For further information please contact Michel Lemay at 514-866-8209.

AMEX ANNOUNCE DRILLING ON NEW GOLD BEARING STRUCTURE AT CAMERON PROPERTY

admin — Tue, 14 Dec 2010 23:51:48 +0000

MONTREAL, Canada December 14th 2010- Amex Exploration Inc. (AMX: TSX-V) is pleased to announce beginning of drilling in the new gold bearing structure on its 100% owned Cameron property located in Northern Québec. The property is located at about 25 kilometres to the NE of Lebel-sur-Quévillon in the north-western part of Quebec, and consists of 13 claims for a total area of 731 hectares.

Follow up trenching, based on new geophysic surveys (see press release of June, 15th,2010), combined with compilation data from previous trenching and grab sampling done by SOQUEM in the early 90′s, as led to the identification of a gold-bearing structure that returned an intersect of 1,07 g/t Au over 2,3 meters by channel sampling across the mineralized structure. This structure is characterized by an altered sheared quartz-feldspar-pyrite-sericite unit that is oriented more or less NE-SW and seems to be related to the regional ‘Wedding Fault Zone’

Following these first exciting preliminary results, Amex is now proceeding with a drilling program of

Amex Exploration Inc. is a junior mining exploration company listed on the TSX Venture Exchange whose primary objective is to develop and bring into production viable gold and base metal deposits.

The technical information reported in this news release has been approved by Jacques Trottier, geol., Qualified Person as defined by Canadian NI 43-101

For additional information, contact:

Mr. Jacques Trottier
President and Chief Executive Officer
Tel.: (514) 866-8209
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this

DISCOVERY OF A HUGE MASSIVE SILICA CAP AT NATORA-SOUTH (CHIVAS), MEXICO.

admin — Tue, 26 Oct 2010 23:00:53 +0000

Montreal, Canada – October 26th, 2010 – AMEX EXPLORATION INC (AMX: TSX-V, “ The Company”) is pleased to announce the discovery of a previously unknown very important silica cap and to provide an update of the ongoing exploration activities on its Natora South (Chivas) Property, located in the State of Sonora, Mexico.

The Property, which is located in the Sierra Madre gold belt, covers over 24,841 hectares and was optioned to Bowmore Exploration ltd (BOW:(TSX-V) in may of 2010 (see PR of 12-07-10), Amex being the operator. Following(Bowmore exploration program consisting of) an airborne survey covering 75 square kilometres and a detailed stream survey (heavy mineral concentrate), several structures and target areas were identified by the joint Bowmore-Amex exploration team.

A total of 14 targets were established from the magnetic and radiometric survey and most of them have been investigated. Two of which (anomaly no. 3 & 6) correspond to the wide silicified zone (lithocap) reported by Bowmore’s September 24th, 2010 press release. This area of strong to intense epithermal alteration is situated WSW of the historical Piedra Rodante zone and has now been mapped over a strike length of 2,5 kilometers, remaining open toward the SSE and NNW, and can be interpreted to be at least 125 meters thick. This silica cap is in conformity with the general stratigraphy, i.e., striking NNW and shallow dipping toward the WSW. It is hosted by felsic tuffs and rhyodacites which are strongly silicified and/or brecciated and completely flooded by amorphous silica. Three heavy mineral samples collected at the bottom of the slope within a kilometer of the silicified zone returned anomalous gold values of up to 99 ppb Au. Complete assay results of various rock samples (grab & chip) returned arsenic, mercury and antimony anomalous results. Respectively up to 1,110 ppm As, 3 ppm Hg and 145 ppm Sb. The best gold assay returned 146 ppb Au, still indicating that this hydrothermal system that generated the silica cap was gold bearing, but went most probably under boiling leaving most of the gold at depth.

The alteration (micro crystalline silica) and textures (hydrothermal breccias & open space) and assay results are consistent with a “sinter zone” situated above a typical high grade Bonanza-type low sulphidation epithermal mineralizing system (Au/Ag). Locally minor pyrite and hematite is also present. Further observations indicate that the silica cap is thicker toward the north and argilic alteration is also present toward the south-end, which indicate a possible source area for the silica and mineralization. This area coincides with a interpreted discordant NE-SW structure (‘deep seated fault?”). The exploration field work will concentrate in the near future in this target area in order to establish priority drilling target location.

Jacques Trottier, PhD, President and CEO of Amex Exploration inc comments that ‘The discovery of such a huge silica cap that extends for more than 2.5km long with a thickness of more than 100 meters clearly indicates a very important long lasting mineralized hydrothermal event in this area . I am more than enthusiastic to focus additional work on this impressive target. This discovery also shows that working with a good partner such as Bowmore, not only allows us to ‘share the risk’ on an exploration ‘grass-root’ project but also allows us to benefit of the synergy of having two teams of professionals that are organizing and executing the field work.’

Amex Exploration Inc. is a junior mining exploration company listed on the TSX Venture Exchange whose primary objective is to develop and bring into production viable gold and base metal deposits.

The technical information reported in this news release has been approved by Jacques Trottier, geol., Qualified Person as defined by Canadian NI 43-101

For additional information, contact:
Mr. Jacques Trottier
President and Chief Executive Officer
Tel.: (514) 866-8209

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this

AMEX CONFIRMS NEW GOLD BEARING STRUCTURE ON ITS 100% HOLD CAMERON PROPERTY, Northern Québec

admin — Wed, 08 Sep 2010 23:05:30 +0000

MONTREAL, Canada_September 8th 2010- Amex Exploration Inc. (AMX: TSX-V) is pleased to announce the discovery of a new gold bearing structure on its 100% owned Cameron property located in Northern Québec. The property is located at about 25 kilometres to the NE of Lebel-sur-Quévillon in the north-western part of Quebec, and consists of 13 claims for a total area of 731 hectares.

More specifically, exploration work performed by SOQUEM in 1998 revealed the presence of a gold-bearing rhyolite containing disseminated pyrite in contact with a sheared mafic unit in a trench (trench #91-13). Five out of eight samples, from sampling restricted to felsic rocks, returned gold values ranging from 1 to 7 g/t. Furthermore, three IP anomalies defined during the geophysical survey performed in 1991 were never been tested by drilling. One of these anomalies cuts trench 91-13 has been confirmed by Amex own geophysic survey and has been recently being channel sampled by Amex with the present announced results.

This exploration program is a follow up of previous work done by SOQUEM who has explored the north-eastern half of the Cameron property from 1982 to 2005, who mainly performed an Induced Polarisation (IP) survey, a Magnetic survey, as well as digging four trenches for approximately 400 meters linear where they have outlined a gold bearing mineralized structure with values of up to 7 g/t Au from grab samples. The south-western half of the property has been little explored.

Following these first exciting preliminary results, Amex is now proceeding with additionnal geophysics that will cover the entire Cameron property. This survey will be followed by additionnal trenching and sampling on each one of the conclusive IP anomalies. Based on the cumulative results, an agressive follow-up drilling campain will be initiated. According to our time schedule, such drilling should be initiated no lated than October of this year.

Amex Exploration Inc. is a junior mining exploration company listed on the TSX Venture Exchange whose primary objective is to develop and bring into production viable gold and base metal deposits.

The technical information reported in this news release has been approved by Jacques Trottier, geol., Qualified Person as defined by Canadian NI 43-101

For additional information, contact:

Mr. Jacques Trottier
President and Chief Executive Officer
Tel.: (514) 866-8209