Indeed after having receiving the gold content from Labexpert, the samples from hole PE-13-03 were then sent to Actlab for multiple elements analysis including silver (Ag) and the base metals (ie Zn, Cu and Pb) of which we just received the results. The updated table 1 shows clearly the polymetallic nature of the intersected gold mineralization, but also confirmed the high grade potential of the two wide zones of polymetallic massive sulfides stringers and veins, that is interpreted to represent a typical feeder zone associated with volcanogenic massive sulphide deposit (VMS) that has been later deformed and possibly transposed.

Legend: PR = Pending results; PR* = Partial results. NS = Not significant. To simplify the table the title of each hole have been shorten. The drilling campaign and the quality control program is defined and supervised by J. Marchand Eng Geol, The QAQC include insertion of blank, standard or duplicate every 20 samples. The gold value is estimated by Fire Assay at Laboratoire Expert Inc. in Rouyn-Noranda. The polymetallic content is provided by Actlabs in Ancaster. The logging and sampling is realised by Marco Rioja Geol.

The first zone (Z-1: Table 1) intersected at a vertical depth of about 350 meter, now returned an overall grade of 2.19 g/t Au meters with 12 g/t Ag, 0.9% Zn and .07 % Cu over a core length of 41.4 m,  including a section of 3.84 g/t Au with 23 g/t Ag, 1.4 %  Zn and 0.10 % Cu  over 15.2 meters with  a higher grade intersect of 2.0 meters at 19.07 g/t Au with 102 Ag, 5.0 % Zn, 0.38 % Cu and 0.13 % Pb.

The second zone (Z-2: Table 1) of about 25 meter long, with similar mineralization but visually less mineralized than the first zone, was intersected in the same Hole PE-2013-03 but at a vertical depth of about 400 meters. Results of this second zone are only partial and final results are still pending but already confirmed some gold and silver + base metals intersect.

As a reminder, Hole PE-2013-03 has as main objective to follow-up and extend a significant gold bearing polymetallic mineralization, that bears some characteristics similar to major volcanogenicgold-rich polymetallic mines of the Abitibi such as Doyon, Bousquet, Dumagami and Laronde,intersected in 1999 in Hole PE-99-51(1,69 g/t Au, 14g/t Ag, 0,1% Cu and 0,6% Zn over 21,8m)and, in 2011, of Hole PE-2011-4 (0.41 g/t over 112.5 meters, including multiple higher gold grade sub-zones of up to 2.5 meters at 4.54 g/t Au. (See PR of April, 12, 2012).

Hole PE-13-03 was collared at about 100 meters to the NW of Hole PE-2011-04  and 200 meters to the NE of Hole PE-1999-51 (see PR of January 17th 2013).The actual geometric interpretation that lead the exploration program on the polymetallic intercept is of a feeder pipe and a VMS tail tectonically transposed, resulting in a lenticular zone reaching, for now, 300 m wide and 50 m true thickness. The system is still open at depth and is dipping steeply to the north.

Jacques Trottier, PhD, President and CEO of Amex Exploration comments, “We are very enthusiastic to confirm the polymetallic content that are adding significant values to the already important gold mineralization intersected in hole PE-13-03!!!. These new results are now just confirming the high potential of this gold-rich polymetallic mineralization at Perron. We are just anxious to receive the balance of the analysis and to reinitiate work with a new aggressive exploration program that will consist first of some updated compilation data base, including the results of this phase of drilling, followed by down hole geophysics, as soon as ground condition is adequate, and finally by a new aggressive drilling campaign that we hope to initiate sometime this coming summer ».

The Perron gold project is located at about 5 km NW from the Normetal mine-town in the Abitibi region of Quebec. It is easily accessible by road network and consists of 116 adjacent claims for a total area of 4517 hectares. Geologically, the project is located in the Archean Greenstone Belt of the Superior Lake structural province. The area is crossed by the regional NW-SE trendingNormetal fault. This fault delineates a major structural corridor associated to massive sulphide deposits such as the nearby old polymetallic (Cu-Zn-Au-Ag) Normetal mine and the ZnNormetmar deposit.

A corporate presentation with information on the Perron Gold Project, will be available on our web site, at:  www.amexexploration.com

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.

Jacques Trottier, PhD Geol. and Jacques Marchand Eng Geol., both Qualified Persons as defined by Canadian NI 43-101, have approved the technical information reported in this news release.

For additional information, contact:
Jacques Trottier, PhD
President and Chief Executive Officer
Tel.: (514) 866-8209
e-mail: jacques.trottier@amexexploration.com

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.

Montreal, Canada – March 4th, 2013 – AMEX EXPLORATION INC (AMX: TSX-V, “The Company”) is very pleased to announced the intersection by drilling of two wide zones of polymetallic massive sulfides stringers and veins, that is interpreted to represent a typical feeder zone associated with volcanogenic massive sulphide deposit (VMS) that has been later deformed and possibly transposed, on its 100% owned Perron Gold project located near Normetal, Abitibi, Quebec.

The first zone intersected in Hole PE-2013-03 at a vertical depth of about 350 meter, returned an overall grade of 2,19 g/t Au over a core length of 41.4 meters, including a higher grade sub section of 3.84 g/t Au over 15.2 meters, including 19.07 g/t Au over 2.0 meters (see Table 1). A second zone of about 25 meter long, with similar mineralization but visually less mineralized than the first zone, was intersected in the same Hole PE-2013-03 but at a vertical depth of about 400 meters. Results of this second zone are only partial and final results are still pending but already confirmed some gold intersects.

Table 1.  Drilling Intercepts

Legend: PR = Pending results; PR* = Partial results. To simplify the table the title of each hole have been shorten.

The drilling campaign and the quality control program is defined and supervised by J. Marchand Eng Geol, The QAQC include insertion of  blank,  standard or duplicate every 20 samples. The gold value is estimated by Fire Assay at Laboratoire Expert Inc. in Rouyn-Noranda. The polymetallic content will be provided by Actlabs in Ancaster. The logging and sampling is realised by Marco Rioja Geol.

It is utmost important to notice that these wide gold intersects are directly associated with well mineralized sulphide zones composed basically of sphalerite (Zinc-rich sulphide mineral) and chalcopyrite (Cu rich sulphide mineral), associated with minor pyrrothite and pyrite (both Fe rich sulphide minerals). Therefore, it is expected that silver and base metal content, that are to be received by the laboratory in about two weeks from now, are to be quite significant.

Hole PE-2013-03 is the third hole out of 4 (Holes PE-2013-01, 02 and 04 are presently at the lab and no results yet have been received) of a 2000 meter drilling campaign (see PR of January 17^th 2013) that has as main objective to try to follow-up and extend a significant gold bearing polymetallic zone intersected in 1999 in Hole PE-99-51 (1,69 g/t Au, 14g/t Ag, 0,1% Cu and 0,6% Zn over 21,8m), later described as a ‘deformed volcanogenic precious metal bearing massive sulfide mineralization’ (M.Sc Thesis by A. Laberge, UQAM, 2002) and, in 2011, of Hole PE-2011-4  that returned gold values of 0.41 g/t over 112.5 meters, including multiple higher gold grade sub-zones of up to 5.9 meters grading 2.4 g/t Au, including 2.5 meters at 4.54 g/t Au. (See PR of April, 12, 2012). Also important to note that centimetre size Mn-garnets are widely spread and associated with this mineralization in all of the three holes that, according to A. Laberge (UQAM thesis 2002), are characteristic of major volcanogenic gold-rich polymetallic mines of the Abitibi such as Doyon, Bousquet, Dumagami and Laronde.

 The actual geometric interpretation that leads the exploration program on the polymetallic intercept is of a feeder pipe and a VMS tail tectonically transposed, resulting in a lenticular zone reaching, for now, 300 m wide and 50 m true thickness. The system is still open at depth and is dipping steeply to the north.

Jacques Trottier, PhD, President and CEO of Amex Exploration comments, “We are very excited and proud about these impressive drill results that are now just confirming the real potential of this promising new gold-rich polymetallic mineralization at Perron. With three drill holes from 3 different drill campaign executed in 1999, 2011 and now 2013, we have now been able to track down and follow by drilling what we are interpreting as a typical altered and mineralized feeder zone of a yet still to discover Gold-rich world class VMS deposit. Moreover, we are now identifying some vectors based on various criteria that will guide us to plan the next phase of drilling that will have as objective to encounter a potential VMS body ».

The Perron gold project is located near the village of Normetal in the Abitibi region of Quebec.  It consists of 108 adjacent claims for a total area of 4260 hectares. Geologically, the project is located in the Archean Greenstone Belt of the Superior Lake structural province. The area is crossed by the regional NW-SE trending Normetal fault. This fault delineates a major structural corridor associated to massive sulphide deposits such as the nearby old polymetallic (Cu-Zn-Au-Ag) Normetal mine and the Zn Normetmar deposit.

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.

Jacques Trottier, PhD Geol. and Jacques Marchand Eng Geol., both Qualified Persons as defined by Canadian NI 43-101, have approved the technical information reported in this news release.

For additional information, contact:

Jacques Trottier, PhD

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.

The securities issued pursuant to the sale of 105 “A” units are: 630,000 flow-through common shares, priced at $0.15 each, 105 000 common shares (the “Shares”) priced at $0.10 each and 315,000 Share purchase warrants (“Warrant A”). Each Warrant A entitles the holder to purchase one additional Share, at a price of $0.25 each, for a period of 18 months following the closing date. 

The securities issued pursuant to the sale of the 250 “B” units are: 2,500,000 Shares priced at $0.10 each and 2,500,000 Share purchase warrants (“Warrant B”).  Each Warrant B entitles the holder to acquire one additional common Share at $0.15 per share, for a period of 18 months following the closing date.

In connection with the Private Placement, Amex paid a Finder’s fee in the amount of $9,500.00 and issued 53,200 finder’s warrants.  Each finder’s warrant entitles the holder to purchase one Share, at a price of $0.15, for a period of 24 months following the closing date.

Some insiders have participated in the private placement, for an aggregate amount of $95,000.00. In accordance with Regulation 61-101 respecting protection of minority security holders in special transactions, (« Regulation 61-101« ), such a purchase constitutes a « related party transaction ». However, the transaction is exempt from the valuation and minority shareholder approval requirements pursuant to the exemptions set out in subsection 5.5 (a) and 5.7(1)(a) of Regulation 61-101, as the aggregate consideration does not exceed 25% of Amex’s market capitalization. A material change report has not been filed 21 days prior to the closing of the Private Placement as the participation had not been established at that time.

The net proceeds from the sale of the Flow-Through Shares will be used by the Corporation to finance the Corporation’s exploration program on its properties located in the Province of Quebec, and the net proceeds from the sale of the Shares will be used by the Corporation for general working capital purposes.

All securities issued pursuant to the Private Placement are subject to a 4-month and one day hold period. The Private Placement is subject to the receipt of all necessary regulatory approvals, including the final approval of the TSX Venture Exchange.

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.

For further information please contact Pierre Carrier, at 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 release.

The Perron gold project is located near the village of Normetal in Abitibi. It consists of 108 adjacent claims for a total area of 4,260 hectares. Geologically, the project is located in the Archean Greenstone Belt of the Superior Lake structural province. The area is crossed by the regional NW-SE trending Normetal fault. This fault delineates a major structural corridor associated to massive sulphide deposits such as the nearby old polymetallic (Cu-Zn-Au-Ag) Normetal mine and the Zn Normetmar deposit.

From 1994 to 1996, the Perron property was explored for base metals by Falconbridge Ltd and from 1996 to 2000 by Ressources Minières Coleraine (now Amex) for gold. During this period, Coleraine drilled a total of 90 holes for nearly 18,000 meters and identified multiple gold-rich bearing structures. From the Coleraine work, gold mineralization on Perron has been identified in 3 principal parallel zones ranging from 300 meters to more than 1 kilometer in strike length. These zones are located near the contact between rhyolite units to the north and altered andesite units to the south. These units are closely associated to the regional NW-SE structural corridor of the Archean greenstone belt.

In early 2009, Amex produced a compilation based on a new interpretation of the various mineralized zones encountered in the previous drilling and a 43-101 compliant resource calculation, done by Jacques Marchand. QP, on Zone 3, indicated a total of 1.2 million tonnes with a grade of 1.86 g/t Au for a total of 69,907 ounces of goldin the inferred mineral resources category. (see Press Release of April 21 2009).

The 2011 phase of drilling had two main objectives: First, holes PE-11-01, 02, and 03 were drilled to test the western extensions of Zones 2 and 3. Hole PE-11-01 successfully intersected Zone 3 at a depth of about 150 meters (12 g/t Au over 1.4 m) and Hole PE-11-02 intersected both Zone 2 (0.9 g/t Au over 0.7 m) and Zone 3 (1.4 g/t Au over 1.4 m). Hole PE-11-03, located at 200 meters to the west of Hole PE-11-02, did not encounter any significant mineralization.

 Second objective of this short campaign was to test at depth a totally different type of gold mineralization that was encountered in Hole PE-99-51 in 1999 (1,69 g/t Au, 14g/t Ag, 0,1% Cu and 0,6% Zn over 21,8m) and later described as a ‘deformed volcanogenic precious metal bearing massive sulfide mineralization’ (M.Sc Thesis by A. Laberge, UQAM, 2002) located in the eastern sector  at about 1 km to the east of Zone 3. For this, Hole PE-11-04 was drilled at about 200 meters to the west of drill Hole PE-99-51 and intersected the same type of mineralization, but a lot more extensive as it is distributed over a core length of more than 100 meters compare to 20 meters in the later. As for, in hole PE-99-51, this polymetallic mineralization consist of disseminated sulfide (mainly pyrite with sphalerite and chalcopyrite) within an horizon of deformed polymictic felsic volcaniclastic unit associated with alteration minerals  such as sericite chlorite and silica. Also to be noted that centimeter size Mn-garnets are widely spread and associated with this mineralization. According to A. Laberge (UQAM these 2002), these garnets grains are showing some zoning from an outer shell, rich in iron, while the center is manganese rich. These types of zoned Mn-garnets have been identified as characteristic of major deformed volcanogenic polymetallic gold mines of the Abitibi such as Doyon, Bousquet, Dumagami and Laronde. This new 2,000 meter follow-up drilling campaign, aim to test the extension of this new mineralized zone.

Jacques Trottier, PhD, President and CEO of Amex Exploration comments, “We are quite enthusiastic to start this follow-up drilling phase in order to further evaluate the economic potential of this exciting new polymetallic-gold zone at Perron. The identification of this new zone is changing dramatically the overall perspective of this property. Instead of having just ‘Deformed Gold bearing Quartz-vein systems (as in for Zones1 to 3), we now have a mineralized geological setting that open doors to a potential world class deposit ».

Drilling results will be released as soon as they become available.

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

Mr.Carrier was President of Opsens (OPS: TSX-V) until recently, position that he has hold for almost 10 years and will still be acting as Chairman of the Board of Directors. M. Carrier obtained a Bachelor’s degree in Geology from Université du Québec in May 1979. Previously, he was President and Chief Executive Officer of Roctest Ltd, a company whose shares were traded on the Toronto Stock Exchange. He carried out several financing and acquisitions in his career. « I am very glad to take the Chief Operating  officer position as I had the chance to see the potential of the gold properties the company has in Québec and Mexico since my arrival as a board member  a couple of years ago » said Mr. Carrier.

Mr. Gagné is President and Chief Executive Officer of Robex Resources Inc  (TSX-V:RBX) since 2008. Mr. Gagné is very well known in the mining community for reactivated the title of the company. The recent financing of 14.8 million dollars that will allow Robex to start gold production on its Nampala mining site in 2013, demonstrates his ability in the international financing field. Mr. Gagné is replacing Mr. Michel Lemay as director of Amex who has resigned from his position as director of the company. We want to thank Michel for his contribution to the company during his stay.

Jacques Trottier, PhD, President and CEO of Amex Exploration comments, « All of these changes are part of a broader process of internal restructuring of the company whose main goal is to optimize its own resources to better position itself in the evolving mining sector that is more competitive and demanding as ever, for years to come. The nominations of Mr. Carrier and Mr. Gagné are important elements in the repositioning of the company that I intend to put forward, and I warmly welcome them. »

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.

For additional information, contact:

Jacques Trottier, PhD

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.

Mr.Carrier was President of Opsens (OPS: TSX-V) until recently, position that he has hold for almost 10 years and will still be acting as Chairman of the Board of Directors. M. Carrier obtained a Bachelor’s degree in Geology from Université du Québec in May 1979. Previously, he was President and Chief Executive Officer of Roctest Ltd, a company whose shares were traded on the Toronto Stock Exchange. He carried out several financing and acquisitions in his career. « I am very glad to take the Chief Operating  officer position as I had the chance to see the potential of the gold properties the company has in Québec and Mexico since my arrival as a board member  a couple of years ago » said Mr. Carrier.

Mr. Gagné is President and Chief Executive Officer of Robex Resources Inc  (TSX-V:RBX) since 2008. Mr. Gagné is very well known in the mining community for reactivated the title of the company. The recent financing of 14.8 million dollars that will allow Robex to start gold production on its Nampala mining site in 2013, demonstrates his ability in the international financing field. Mr. Gagné is replacing Mr. Michel Lemay as director of Amex who has resigned from his position as director of the company. We want to thank Michel for his contribution to the company during his stay.

Jacques Trottier, PhD, President and CEO of Amex Exploration comments, « All of these changes are part of a broader process of internal restructuring of the company whose main goal is to optimize its own resources to better position itself in the evolving mining sector that is more competitive and demanding as ever, for years to come. The nominations of Mr. Carrier and Mr. Gagné are important elements in the repositioning of the company that I intend to put forward, and I warmly welcome them. »

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.

For additional information, contact:

Jacques Trottier, PhD

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.

In addition, directors and officers of the Corporation have subscribed for a total of 11 B Units and 40 A Units in the Private Placement, constituting a “related party transaction” as defined under Regulation 61-101 respecting Protection of Minority Security Holders in Special Transactions (“Regulation 61-101”). The transaction is exempt from the formal valuation and minority shareholder approval requirements of Regulation 61-101 as neither the fair market value of any shares issued to or the consideration paid by such insiders exceeds 25% of the Corporation’s market capitalization.

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.

For further information please contact

Michel Lemay, at 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 release.