Amex Exploration Inc. announce assay results from new follow- up and expansion drillholes on the Team Zone on the Perron project in the Abitibi region of Quebec. The Team Zone occurs ~600 m to the northeast of the High Grade Zone (HGZ). The Team Zone is currently outlined over 400 x 200 m laterally and from surface to a depth of approximately 400 m. Highlight drill results include: PE-23-633: 26.88 g/t Au over 6.40 m, including 325.39 g/t Au over 0.50 m, at a vertical depth of approximately 205 m; PE-23-634: 12.71 g/t Au over 9.00 m, including 78.38 g/t Au over 1.40 m, at a vertical depth of approximately 35 m, and 4.29 g/t Au over 5.10 m at a vertical depth of approximately 195 m; and PE-23-641: 4.67 g/t Au over 7.10 m, including 60.91 g/t Au over 0.50 m, at a vertical depth of approximately 250 m, and 20.39 g/t Au over 2.50 m at a vertical depth of approximately 325 m; The Team Zone sits within the Beaupre Rhyolite, host to all significant gold occurrences at Perron, at the contact of the Normetal Fault and approximately 600 m north of the High Grade Zone.

Gold mineralization occurs within a relatively massive and silicified rhyolite host rock, within quartz-carbonate veins/veinlets containing sphalerite, pyrite, molybdenite, and visible gold. Gold mineralization is also disseminated within the rhyolite host rock, in contrast with several other zones identified on the Project to date. Recently completed structural interpretation by Laurentia Exploration, geological consultants to Amex, has identified several distinct trends to gold-bearing veins in the Team Zone.

Visible-gold-bearing quartz-sulfide veins occur on NNW, NE, and NS trends. Gold-bearing (but not visible) quartz-sulfide veins occur on E-W, NW, and NS trends. Drilling has been optimized to intercept as many as possible of these vein sets with each hole.

Amex is currently conducting 50 m spaced (3 dimensionally) definition drill of this system from surface to a depth of ~450 m vertically.