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MONTREAL, Canada- May 16, 2016 – Amex Exploration Inc. (AMX: TSX-V) has been
informed by Agnico Eagle Mines Ltd (TSX: AEM, NYSE:AEM) “Agnico Eagle” that it has
completed its winter exploration program on Amex 100% owned Perron Property as planned and
announced in January 2016 (see PR2016-01-25). The Perron project is located approximately 8
km northwest of the village of Normetal, and approximately 110 kilometers North of the town of
Rouyn-Noranda in the Abitibi region of Quebec.

Agnico Eagle’s winter drilling program consisted of 9 drill holes totalling 4,643 meters of
drilling with combined down hole pulse EM geophysic on two defined target areas.

The first and main target area was located in the vicinity of the latest follow-up drilling of the
new mineralisation intersected in previous phase of drilling on the Normetal Mine Horizon
(NMH) that returned values of 0.17% Cu, 1.62% Zn, 6.28 g/t Ag and 0.22g/t Au over 2.1
meters in hole 163-15-023 (see PR-2015-12-16).

Eight drill holes were drilled to test the extension of the stratabound mineralized horizon laterally
and at variable depth covering an area of about 6 km of strike length along the NMH.
Polymetallic intervals, from previous drilling in holes 015, 022 and 023, show a continuous
panel concordant to the stratigraphy that makes the target zone very predictable. In these holes,
the mineralization lies within the same intermediate lapilli-tuff unit (with the garnet
porphyroblasts and the pervasive chlorite alteration) that is similar to the old Normetal Mine (11
MT @ 2.15% Cu, 5.12% Zn, 0.55 g/t Au and 45.25 g/t Ag).

The second target area is located at about 700 meters to the south of the first target area in a
different stratigraphic unit where a single drill hole was executed to test the Perron gold rich
polymetallic mineralization located near the favourable V1-V2 contact. This drill hole tested at
depth the mineralized intersect of hole 163-15-21 that returned 9.45 g/t Au, 2.60 g/t Ag, 300 ppm
Cu and 1100 ppm Zn over 0.8 meters within a broader silicified and sericitized altered zone that
returned 1.70 g/t Au, 0.58 g/t Ag, 87 ppm Cu and 557 ppm Zn over 5.5m (see PR2015-06-16).

A total of 1,368 samples were taken and sent to ALS -Chemex Laboratories in Val d’Or and
Amex have been informed by Agnico Eagle that all of the results should be received at the latest
by early June 2016. When available, these results will be announced by Amex promptly.

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 Marchand, P.Eng., who is a 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.