Amex Exploration Inc. announced a new gold zone discovery called the Team Zone on the Perron project in the Abitibi region of Quebec. The near-surface Team Zone occurs ~600 m to the northeast of the High Grade Zone and 300 m northeast of the E2 Gold Zone. To date, Amex has intercepted visible gold mineralization in 14 of 20 holes targeting the Team Zone over an area of approximately 200 m by 100 m. Owing to a significant delay at the assay lab, the partial results below represent only the samples in each hole that were sent for screen metallic assays (this assay method is selected when gold mineralization is anticipated owing to visible gold, significant veining, and/or significant sulfides).

When the fire assay results for the balance of the reported holes are received, Amex will issue updated results. Kelly Malcolm, Vice President of Amex Exploration, will present an overview of the Company's progress to date including the new Team Zone in an interactive 3D and 360º virtual tour using the VRIFY Platform. The VRIFY platform integrates all aspects of the Perron Project including drone footage of the location, infrastructure, the multiple discoveries and then transitions underground revealing the mineralization using the drilling and assay results reported to date.

The Team Zone is situated within the Beaupre rhyolite block, which is the host to the majority of gold identified to date on the Perron project. Gold mineralization is associated with quartz-carbonate veins & tension veinlets which are at times folded and/or brecciated. The gold-bearing quartz veins are found in both rhyolite and mafic intrusive bodies, unlike many of the other gold zones at Perron which are lithologically controlled.

The mineral assemblage however, comprising pyrite-pyrrhotite +/- sphalerite +/- chalcopyrite +/- visible gold, is similar to the Eastern Gold Zone mineralization (Figure 3). As additional assay results are received and additional drillholes are completed, the 3-dimensional shape and size potential of the Team Zone will be revealed.