gold related news

Gold investment related news

Montreal, February 21, 2017 – Amex Exploration Inc. (TSXV: AMX) (“Amex” or the “Corporation”) is pleased to report that it has been informed by Agnico Eagle Mines Limited (NYSE:AEM, TSX: AEM)(“Agnico”) of its exploration work program for 2017 to be done on Amex’s 100% owned Perron property, located near the town of Normetal in the Northern Quebec Abitibi area.

Following the positive drilling results on the extension of the Mine Horizon, as outlined in the press release dated June 29, 2016 (see PR2016-06-29), Agnico has prepared a 6,500 meters drill program to be executed in two phases during 2017, a winter phase (February to April) followed by a summer phase (date to be determined).

The planned winter phase consists of eight diamond drill holes (DDH), totalling approximately 3,300 meters, that will essentially be located along the Normetal Mine Horizon, in different targeted areas at the eastern limit of the property, central part and at the western most limit of the known extension of this prospective horizon. To achieve this program, two rigs will be mobilized on the field once all permitting and access road are completed.

This work program for 2017 was prepared according to the terms and conditions of the Revised Option Agreement that requires Agnico to spend a minimum of $750,000 in exploration work before December 31, 2017, and an additional $1,500,000 to be spent before December 31, 2018. Also related to the Revised Option Agreement, two additional cash payments are scheduled as follows: $75,000 by December 31, 2017 and $100,000 by December 31, 2018 (in addition to $320,000 cash payments already received).

Victor Cantore, President and CEO of Amex comments, “This new exploration work program, demonstrates clearly the continuing interest of the our partner at the Perron property following the positive results from the last year of drilling on the Normetal Mine Horizon. We are very pleased to see that they are still committed to this property and shared evaluation of the potential to find valuable polymetallic mineralization.”

Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to develop and bring into production viable gold and base metals deposits in mining-friendly jurisdictions. Amex has two main projects: the 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 116 adjacent claims covering 4518 hectares; and the 100% owned Eastmain River gold properties consisting of 79 claims covering 4,173 hectares.

For further information please contact:

Victor Cantore
President and Chief Executive Officer
Amex Exploration: 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.

Montreal, March 1, 2017 – Amex Exploration Inc. (TSXV: AMX) (“Amex” or the “Corporation”) announces that it has begun a ground exploration program on its Eastmain River properties and it has undertaken to complete a non-brokered private placement in the maximum amount of $650,000, through the offering of up to 5,000,000 units priced at $0.13 each.  Each unit will consist in one common share and one common share purchase warrant having an exercise price of $0.18 and a term of 18 months.

The recently begun ground exploration program on the 100% owned Eastmain River properties will consist of an induced polarization survey at a 200-meter grid spacing, which will be followed by a diamond drilling campaign to test the best geophysical targets. The Eastmain River North and South properties consists of 65 claims covering some strategic ground in the area, namely directly North of the Eastmain Resource’s Eastmain Gold Mine and South of the SOQUEM’s Lac Harbour gold property (see Figure 1).

These properties are situated in the Eeyou Istchee Territory, James Bay, Québec, approximately 350 km north of the town of Chibougamau. The claims are accessible from Chibougamau by the new 243-kilometer-long all-season road to Stornoway’s Renard diamond Mine (route 167 extension from Temiscamie). To date, Amex has completed a Heliborne Magnetic and Time-Domain Electromagnetic survey on the property. The 2017 winter IP survey will be carried by Geophysics TMC of Val D’Or, Québec while supervision and interpretation of the survey will be under the responsibility of Joel Dubé, P. Eng registered in Quebec.

“We have pulled together very interesting and well situated properties in the Eastmain River region,” said Victor Cantore, President and CEO of Amex Exploration. “Our properties are surrounded by other active and successful exploration programs which are yielding excellent polymetallic gold rich results. Our focus is to identify the best targets for follow up drilling this winter season. This drill program combined with the already announced drilling on our Perron property gives our shareholders excellent leverage to a number of discovery opportunities.”

At the Eastmain River North property, the 26 km-IP survey will cover an area of 3.8 km by 1 km of the same volcanic assemblage hosting the newly discovered gold and base metals showings of the Soquem’s Lac Harbour property (see SOQUEM website). The airborne geophysical survey conducted in August 2016 has clearly demonstrated the continuity of the same magnetic pattern from Soquem to Amex’ ground, pattern characterized by NE-SW alternating horizons of high and low magnetic anomalies. The airborne survey also allowed to identify some crosscutting structures where the magnetic pattern abruptly disappears or is displaced.

With respect to the Eastmain River South property, the 40 km-IP survey will cover the southern part of the claim block which is contiguous to the Eastmain Mine. Geologically speaking, this property is located at the hinge of a major regional fold that affects the entire Eastmain Greenstone Belt. Indeed, the detailed heliborne magnetic survey has delineated a fold feature characterized by a high magnetic anomaly, the nose of the fold is located at the westernmost end of the property. The detailed survey mimics clearly the results of the regional governmental survey, where not only this interpreted fold appears, but also where a larger fold repetition can be interpreted. Of note is that the NW trending limb of this regional feature crosses onto the Eastmain Mine approximately 1.5 km southwest of the NW trending mine horizon. This trend is also underlined by a subtle magnetic anomaly and Eastmain Resources has recently announced some impressive results of the last round of drilling completed at the Julien Target located at the NW extremity of the mineralized trend. Holes EM16-92 returned significant mineralized intersections such as 24.8 g/t Au, 25.7 g/t Ag and 1.1 % Cu over 9.3 metres (see PR Eastmain Resources January 19, 2017).

This winter geophysical survey should be followed, in March by a diamond drilling campaign, totalling at least 1,000 metres, aimed at testing the best geophysical and geological targets.

FIGURE 1

In connection with the private placement, Amex may enter into finder’s fee agreements with qualified persons and may pay a cash commission equal to 7% of the gross proceeds raised through their efforts.

Certain directors and insiders of Amex are expected to participate in the private placement for a maximum aggregate amount of $200,000.  Pursuant to Policy 5.9 of the TSXV and Regulation 61-101 Respecting protection of minority security holders in special transactions (“Rule 61-101”), each of these transactions will constitute a “related party transaction” and as such, minority shareholder approval and a formal valuation may be required.  However, the board expects that such transactions will meet the exemptions set out in Rule 61-101.  All securities issued pursuant to the Private Placement will be subject to a 4-month and one day hold period and the Private Placement is subject to the receipt of all necessary regulatory approvals, including the final approval of the TSX Venture Exchange.

The securities to be issued pursuant to the Offering have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “1933 Act”), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or a solicitation to buy such securities in the United States.

About Amex

Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to develop and bring into production viable gold and base metals deposits in mining-friendly jurisdictions. Amex has two main projects: the 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 116 adjacent claims covering 4518 hectares; and the 100% owned Eastmain River gold properties consisting of 79 claims covering 4,173 hectares.

Alain Vachon, P.Eng., who is a Qualified Person as defined by Canadian NI 43-101, have approved the technical information reported in this news release.

For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: 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.

Montreal, January 12, 2017 – Amex Exploration Inc. (TSXV: AMX) (“Amex” or the “Company”) is pleased to report that it has received a $50,000 cash payment on December, 31, 2016 from Agnico Eagle Mines Limited (NYSE:AEM, TSX: AEM)(“Agnico Eagle”). This cash payment was the last instalment required to comply with the 2016 work and investment commitments by Agnico Eagle on Amex’s Perron property according to the terms and conditions of the Revised Option Agreement of December 31, 2015 (see Amex PR2015-12-22).

In addition, the Revised Option Agreement requires Agnico to spend a minimum of $750,000 in exploration work before December 31, 2017, and an additional $1,500,000 to be spent before December 31, 2018. Also per the Revised Option Agreement, two additional cash payments are scheduled as followed: $75,000 by December 31, 2017 and $100,000 by December 31, 2018 (in addition to the $330,000 of cash payments already made). Amex’s100% owned Perron property is located near the town of Normetal in the prolific Northern Quebec Abitibi area.

Victor Cantore, President and CEO of Amex comments, “I am pleased to see that Agnico Eagle is still committed to this property. I believe that their continued attention to the Perron asset speaks to the quality of the project and backs our evaluation of the property’s potential to host valuable polymetallic mineralization. On a personal note as the new CEO of Amex, I am excited to work with a respected organization like Agnico Eagle and to receive their work program proposal for 2017. ”

About Amex Exploration
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 in mining friendly jurisdictions. The Company has two main projects: the 100% owned Perron Gold Project, located 110 km north of Rouyn-Noranda, Quebec, consisting of 116 adjacent claims covering 4518 hectares; and the 100% owned Eastmain River Gold Property consisting of 66 claims covering 3471 hectares.

For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: 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.

Montreal, March 14, 2017 – Amex Exploration Inc. (TSXV: AMX) (“Amex” or the “Corporation”) is pleased to announce that it has signed a Purchase Agreement Contract to acquire the Eastmain River properties of Stellar Africa Gold (TSXV: SPX), that are adjacent to its properties at Eastmain River and to consolidate its land position in this strategic area. (see figure 1).

These properties are situated in the Eeyou Istchee Territory, James Bay, Québec, approximately 350 km north of the town of Chibougamau. The claims are accessible from Chibougamau by the new 243-kilometer-long all-season road to Stornoway’s Renard diamond Mine (route 167 extension from Temiscamie).

Stellar’s Eastmain South property consists of 37 claims totalling 1,950 hectares and is adjacent to the Eastmain Mine property owned by Eastmain Resources and to Amex’s Eastmain South property. The property boundary is located just about 2 km to the east of the former mine site and in the hinge of a major regional fold that affects the entire Eastmain Greenstone Belt that is hosting the Eastmain gold mine.

Stellar’s Eastmain North property consisting of 16 claims totalling 840 hectares, is adjacent to SOQUEM Lac Harbour gold property located at about 25 km to the North of the Eastmain Mine and directly to the NE of Amex Eastmain North property. Geologically, the property is laying over the contact zone between the NE arm of the Eastmain Greenstone Belt and Granitoid rocks of the Canadian shield.

Mr. Victor Cantore, President of Amex Exploration stated, “My geological team identified the Stellar properties as desirable targets due to their favourable geology and proximity to our properties as well as the Eastmain Mine. With this acquisition we continue to accumulate land blocks that host the Eastmain Greenstone belt which is prospective for ore deposits. This region has been vastly underexplored and our near-term goal is to build a sizable land position in the area that has excellent exploration potential.”

Pursuant to the Purchase Agreement Contract between the parties, Amex will be issuing 350,000 common shares of the Corporation. Under the terms of the Purchase Agreement Contract, the Company will have no further financial obligations to Stellar Africa Gold with the exception of a 1.5% Net Smelter Royalties (NSR) from the proceeds of any commercial production. 0.75% Net Smelter Royalties can be bough back anytime for an amount of $750,000. The common shares issued to Stellar Africa Gold in counterpart of the acquisition will be escrowed for a period of 4 months. The transaction is subject to the TSX Venture Exchange approval. This transaction should close within the next 4 weeks.

About Amex

Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to develop and bring into production viable gold and base metals deposits in mining-friendly jurisdictions. Amex has two main projects: the 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 116 adjacent claims covering 4518 hectares; and the 100% owned Eastmain River gold properties consisting of 79 claims covering 4,173 hectares.

For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: 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.

Montreal, April 11, 2017 – Amex Exploration Inc. (“Amex”) (TSX-V: AMX) is pleased to announce the beginning of an approximately 2000-meter drill program on its 100% owned Eastmain River North property (“ERN”). This program consists of 13 diamond drill holes (DDH) that were selected and planned from the combined results of an airborne Magnetic and Time Domain Electromagnetic (TDEM) survey (see PR 2016-08-02) and a ground induced polarization survey. (see PR 2017-02-27).

The 26 km-IP survey covered an area of 3.8 km by 1 km of the same volcano-sedimentary assemblage hosting the newly discovered gold and base metals showings of SOQUEM’s Lac Harbour property. The airborne geophysical survey demonstrated the continuity of the same magnetic pattern from SOQUEM to Amex’s ERN property, pattern characterized by NE-SW trending horizons of high and low magnetic conformable anomalies. Amex has identified 9 high priority targets on the ERN property for immediate diamond drilling of approximately 2,000 m.

This property is situated in the Eeyou Istchee Territory, James Bay, Québec, approximately 350 km North of the town of Chibougamau. The claims are accessible from Chibougamau by the new 243-kilometer-long all-season road to Stornoway’s Renard diamond mine (route 167 extension from Temiscamie). Amex acquired the property by staking in 2016 and has carried out in August 2016 an Heliborne airborne Magnetic and Time -Domain Electromagnetic survey. The 2017 winter IP survey has been carried by Geophysics TMC of Val D’Or, Québec while supervision and interpretation of the survey was under the responsibility of Joel Dubé, P. Eng registered in Quebec.

Amex Exploration Inc. is a junior mining exploration company which primary objective is to develop and bring into production viable gold and base metals deposits in mining-friendly jurisdictions. Amex has two main projects: the 100% owned Perron gold project located 110 kilometres north of Rouyn-Noranda, Quebec, consisting of 116 adjacent claims covering 4518 hectares; and the 100% owned Eastmain River gold properties consisting of four distinct properties totalling 135 claims covering 7,102 hectares.

Alain Vachon, P.Eng., who is a Qualified Person as defined by Canadian NI 43-101, have approved the technical information reported in this news release.

For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: 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.

Montreal, May 1st, 2017 – Amex Exploration Inc. (TSXV: AMX) (“Amex” or the “Corporation”) is pleased to announce that it has entered into an option agreement to acquire an undivided 100% interest in the Gowan Property.

This property is located in the Gowan Township in the Porcupine Mining Division Ontario, approximately 16 km due east of Glencore’s Kidd Creek Mine. The Kidd Creek Mine is considered to be a world class copper zinc volcanagenic massive sulphide deposit. The Kidd Mine has been in production for over 50 years and produced in excess of 150 million tons of ore. (ref. Kidd Operations Glencore).

The Gowan Property is a strategically located 256 hectare property covering a prospective package of felsic volcanic rocks similar to those which host the Kidd Creek Mine. The property hosts a number of historical drill hole intersections with significant copper, zinc, gold and silver intercepts. No significant work has been conducted on the property since the late 1970’s. It is anticipated that “state of the art” geophysical surveys will be conducted on the project in the future to evaluate the property’s potential at depth and further examine the extent of known mineralization. Subject to favourable results from the initial geophysical program a follow up program of diamond drilling would be conducted.

Mr. Victor Cantore, President of Amex Exploration stated, “We continue to add attractive prospective properties to our portfolio. With the addition of the Gowan property we are expanding into Ontario and into the highly prolific Porcupine Belt. Our goal is to be opportunistic and acquire appealing properties at excellent valuations. Our Team is very excited about the prospects of this property, and for a relatively modest exploration program we believe we can quickly identify the potential at Gowan, offering our shareholders additional discovery opportunities.”

As per the terms of the Agreement, to earn its 100% interest, Amex must issue a total of 400,000 common shares of the Corporation and make cash payments totalling $20,000, to the vendor, all in equal instalments over a four year period and, incur exploration expenses in the total amount of $25,000. 100,000 common shares and the first cash payment of $5000 will be due at the closing of the transaction, expected to take place within the next ten days. In addition, upon exercise of the option, the vendor will be granted a 2.5% Net Smelter Royalty (NSR) of which 1% can be bought back for the amount of $1,000,000 within 6 months of the publication of a feasibility study.

This transaction remains subject to the approval of the TSX Venture Exchange and securities issued will be subject to a four months hold period.

Alain Vachon, P.Eng., who is a Qualified Person as defined by Canadian NI 43-101, has approved the technical information reported in this press release.

About Amex

Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to develop and bring into production viable gold and base metals deposits in mining-friendly jurisdictions. Amex has two main projects: the 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 116 adjacent claims covering 4518 hectares; and the 100% owned Eastmain River gold properties consisting of 135 claims covering 7,102 hectares.

For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: 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.

MONTREAL, Canada- May 16, 2017 – Amex Exploration Inc. (AMX: TSX-V) announces that each of the 5 nominees proposed for election: Messrs. Victor Cantore, Jacques Trottier, Pierre Carrier, André Shareck and Yvon Gélinas. listed in the Management Information Circular filed on SEDAR April 27, 2017, were duly elected to serve as directors of Amex Exploration Inc. until the next annual shareholders meeting.

Amex also announces that its shareholders have approved the proposed 10% rolling stock option plan.  In accordance with the new option plan, the Board of Directors has approved the granting of an aggregate of 1,550,000 incentive share purchase options to its directors and consultants. All of the options vest immediately and are exercisable for a period of 5 years at the exercise price of $ 0.26.

About Amex

Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to develop and bring into production viable gold and base metals deposits in mining-friendly jurisdictions. Amex has two main projects: the 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 116 adjacent claims covering 4518 hectares (Agnico Eagle Mines is currently earning in for 51% under JV agreement); and the 100% owned Eastmain River gold properties consisting of 135 claims covering 7,102 hectares. In addition, Amex has the 100% owned Cameron project located in Lebel-sur-Quévillon, Quebec and an option agreement to acquire a 100% interest in the Gowan Property located near the Kidd Creek Mine.

For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: 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.

MONTREAL, Canada- June 7, 2017 – Amex Exploration Inc. (AMX: TSX-V) announces that it expects to complete a private placement in the amount of $900,000, in the coming days, under which it will issue 2,250,000 units at a price of  $0.40 each.  Each unit will be comprised of one flow-through common share and one half (1/2) of one common share purchase warrant.  Each full warrant can be exercised at the price of $0.45 for a period of two years following the closing.

In connection with the private placement, Amex will pay a finder’s fee to qualified intermediaries equal to 8% of the gross proceeds raised through their efforts and issue a quantity of warrants equal to 8% of the units sold.  Each broker warrant will have an exercise price of $0.40 and will be valid for a period of 24 months following the closing.

All securities issued pursuant to the private placement will be subject to a 4-month and one day hold period and the private placement is subject to the receipt of all necessary regulatory approvals, including the final approval of the TSX Venture Exchange.

About Amex

 Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to develop and bring into production viable gold and base metals deposits in mining-friendly jurisdictions. Amex has two main projects: the 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 116 adjacent claims covering 4518 hectares (Agnico Eagle Mines is currently earning in for 51% under JV agreement); and the 100% owned Eastmain River gold properties consisting of 135 claims covering 7,102 hectares. In addition, Amex has the 100% owned Cameron project located in Lebel-sur-Quévillon, Quebec and an option agreement to acquire a 100% interest in the Gowan Property located near the Kidd Creek Mine.

For further information please contact:

Victor Cantore
President and Chief Executive Officer
Amex Exploration: 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.

MONTREAL, Canada- June 8, 2017 – Amex Exploration Inc. (AMX: TSX-V) is pleased to announce that it has added 250 new claims totalling around 14,000 hectares to its Cameron Gold Property located in the active Lebel-sur-Quévillon area, Québec, Canada. These claims are distributed within three new properties named respectively Madeleine West (30 claims over 1,682 Ha), Madeleine East (74 claims over 4,150 Ha) and Pusticamica (146 claims over 8,180 Ha) (see map 1). The new Amex claims were obtained by map staking from the Ministry of Mines of Quebec. Osisko Mining has recently staked 2,942 claims covering 157,000 hectares in the Lebel-sur-Quévillon area and has declared the area a new gold mining camp which it believes will host the next generation of Canadian gold mines.

Amex’s newly staked Pusticamica property is surrounded by gold discoveries including the Osisko Windfall Gold project (75 km south), the Benoist Gold Property of Cartier Resources (5 km south) and the operating Metanor Bachelor Gold mine (20 km north east). The main road no 113 connecting Lebel-sur-Quévillon to Chibougamau crosses the entire length of the Pusticamica property. Consorem (Mineral Exploration Research Consortium) has identified this area as a regional gold exploration target and more specifically has located two local gold exploration targets within the Pusticamica property limits (see map 2).

The Madeleine West and East properties are located about 15 km north east of the original Amex Cameron Gold property, where Amex recently announced the results of its 2015 drilling campaign which yielded significant gold intersection with values of 1.7 g/t Au over 7.0 m including 11.2 g/t Au over 0.3 m in hole CA2015s08, 2.0 g/t Au over 2.5 m in hole Ca2015s03 and 4.1 g/t Au over 0.3 m in hole Ca2015s06 (see PR2017-05-23). The Madeleine West and East properties cover the deformation zone over a strike length of about 25 km which is part of the Casa Beradi deformation gold structure. This structure host the producing Casa Beradi gold mine owned by Helca Mines.

“With a land position already established in the Lebel-sur-Quévillon area through our Cameron Gold property, we looked to add additional prospective properties to our portfolio,” said Victor Cantore, President and CEO of Amex Exploration. “Our strategy of acquiring land packages within highly perspective areas such as the Lebel-sur-Quévillon, Normetals, Eastmain, Kidd Creek regions offer our shareholders with multiple discovery opportunities.”

Jacques Marchand P.Eng. Geol., a Qualified Person as defined by Canadian NI 43-101, approved the geological information reported in this news release.

About Amex
Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to develop and bring into production viable gold and base metals deposits in mining-friendly jurisdictions. Amex has multiple highly prospective projects: the 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 116 adjacent claims covering 4,518 hectares; and the 100% owned Eastmain River gold properties consisting of 135 claims covering 7,102 hectares. In addition, Amex has the 100% owned Cameron project located in Lebel-sur-Quévillon comprising 263 claims covering 14,743 hectares, and an option agreement to acquire a 100% interest in the Gowan Property consisting of 16 claims over 256 hectares located near the Kidd Creek Mine.

For further information please contact:

Victor Cantore
President and Chief Executive Officer
Amex Exploration: 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.

MONTREAL, Canada-June 16,2017 – Amex Exploration Inc. (AMX: TSX-V) announces the completion of the previously announced private placement, in the amount of $900,000, under which a total of 2,250,000 units,priced at $0.40 each, were issued. Each unit consisting of one flow-through common share and one half (1/2) of one common share purchase warrant.  Each full warrant can be exercised at the price of $0.45 for a period of two years.

In connection with the private placement, Amex paid a finder’s fee equal to 8% of the gross proceeds raised, $72,000, and issued180,000 finder warrants, with each finder warrant having an exercise price of $0.40 and a term of 2 years.

All securities issued pursuant to the private placement will be subject to a 4-month and one day hold period and the private placement is subject to the receipt of all necessary regulatory approvals, including the final approval of the TSX Venture Exchange.

About Amex

Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to develop and bring into production viable gold and base metals deposits in mining-friendly jurisdictions. Amex has two main projects: the 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 116 adjacent claims covering 4518 hectares (Agnico Eagle Minesis currently earning in for 51% under JV agreement); and the 100% owned Eastmain River gold properties consisting of 135 claims covering 7,102 hectares. In addition, Amex has the 100% owned Cameron project located in Lebel-sur-Quévillon, Quebec and an option agreement to acquire a 100% interest in the Gowan Property located near the Kidd Creek Mine.

For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: 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.