Montréal, Canada, April 27, 2010 – Amex Exploration Inc. (“Amex”) (TSX:AMX) is pleased to announce that it has signed highly qualified and experienced individuals that will form the core of its new exploration team that will operate its newly acquired subsidiary ‘Minerales X-Ore S.A. de CV’ that holds three properties covering more than 40,000 hectares in the prolific Sierra Madre Gold-Silver Belt of Mexico. This group of specialists, that has a vast experience of exploration in Mexico and will be working out from our new company’s exploration office located in Hermosillo, Province of Sonora, Northern Mexico, are as the following:
Juan-Manuel Morales is appointed as our national General Manager for the Mexican subsidiary. Mexican born, Juan-Manuel has a Bachelor Degree in Geology with more than 25 years of experience in Mexican epithermal deposits exploration and evaluation. He has worked for several important mining companies such as Regional Manager for Cambior for about ten year. Juan-Manuel is a Certified Professional Geologist (CPG-11234) member of the American Institute of Professional Geologists (AIPG), and a “Qualified Person” for the purposes of CSA National Instrument 43-101. Mr. Morales will provide the company with his extensive experience and knowledge, not only about the technical aspects of the Mexican geology, but also as for the company representative for all land access, social communities and government relationship issues.
Richard Simpson, Professional Geologist with more than 20 years of exploration experience through all Latin Americas is nominated as the Exploration Manager, Americas for Amex Exploration inc. His main responsibilities will be to prepare, organize and execute all of the exploration programs of the company out of Canada. He is a graduate from the Université de Montréal in 1989 with a B.Sc. in geology and has a strong background in grassroots, advanced project, and mine site exploration. Richard has worked for several companies, both majors, such as Iamgold and Cambior, and juniors including Normabec, as an exploration geologist throughout South America and Mexico. This international experience has provided him with good exposure to many geological settings and mineralization processes (lateritic profiles, gold/copper porphyries, epithermal systems and skarns). Early in his career, he has also worked in Northern Quebec (Abitibi), Manitoba and Nunavut on numerous VMS and precious metal projects for Noranda and Aur Resources.
Finally, Maurice Gendron is completing the team as mining exploration technician and responsible for the technical and logistical support of the Mexican subsidiary. Maurice has a DEC in applied exploration geology from the CEGEP of Thetford Mines and has more than 30 years of experience in both mining and exploration techniques, of which the last 15 years in Mexico. He has worked in there for Cambior for 8 years and since then for ‘Minerales X-Ore S.A. de CV. His longtime experience in Mexico will be an important asset to Amex representation in this country.
This team will have the mandate to organize and execute all of the exploration work approved by the management that will be initiated very shortly on the portfolio of newly acquired Mexican properties through the 100% owned subsidiary Minerales X-Ore S.A. de CV. This subsidary holds 100% of the mining rights respectively of the Natora, of which the southern part has just being optioned by Bowmore Exploration (Natora-South; see Press Release of April 08, 2010), Nueva Escondida and Alanza properties all located in the prolific Sierra Madre Gold-Silver Belt of Mexico.
Amex President and CEO, Dr. Jacques Trottier, comments: “We are very pleased to have been able to put together such a highly experienced and skill exploration team for our needs in Mexico. I am personally convinced that this team will perform to the highest level in order to fully develop the great potential of this portfolio of high quality projects for the benefit of Amex shareholders.”
Amex Exploration Inc. is a junior mining exploration company listed of the TSX Venture Exchange whose primary objective is to develop and bring into production viable gold and base metal deposits.
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 release.