Amex Exploration Inc. announced new results on the recently discovered 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) and ~300 m northeast of the E2 Gold Zone. The Team Zone encompasses an area of approximately 300 m by 250 m from surface to a depth of ~400 m. The zone is open at depth and along strike and represents the most exciting and substantial new target that was generated from the regional exploration campaign in the past year.

Today's highlight results include: PE-22-568: 4.73 g/t Au over 8.20 m at a vertical depth of ~115 m Including: 27.07 g/t Au over 1.00 m PE-22-570: 2.71 g/t over 10.50 m at a vertical depth of ~100 m Including: 38.97 g/t Au over 0.50 m PE-22-571: 2.69 g/t Au over 5.00 m at a vertical depth of ~50 m PE-22-580: 9.21 g/t Au over 3.90 m at a vertical depth of ~210 m And: 0.84 g/t Au over 14.40 m at a vertical depth of ~240 m And: 72.06 g/t Au over 1.00 m at a vertical depth of ~305 m PE-22-583: 1.04 g/t Au over 26.00 m at a vertical depth of ~394 m Today's results represent continued testing of the extents, grade, and dimensions of the new Team Zone. Drilling was conducted in several orientations in order to identify controls on mineralization. The Team Zone is shaping up to be a shallowly eastward-plunging body which begins at surface and is open to depth and to the east.

Further work is required to fully define the higher-grade sub-structures. The Zone is also parallel and adjacent to the E2 Gold Zone to the southwest, and to the 210 & Upper 210 to the northwest. Structural interpretation indicates that the Upper 210 may occur on a similar structure to that of the Team Zone, and further drilling is required to test if they are connected.