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Montreal, Canada – March 4th, 2013 – AMEX EXPLORATION INC (AMX: TSX-V, “The Company”) is very pleased to announced the intersection by drilling of two wide zones of polymetallic massive sulfides stringers and veins, that is interpreted to represent a typical feeder zone associated with volcanogenic massive sulphide deposit (VMS) that has been later deformed and possibly transposed, on its 100% owned Perron Gold project located near Normetal, Abitibi, Quebec.

The first zone intersected in Hole PE-2013-03 at a vertical depth of about 350 meter, returned an overall grade of 2,19 g/t Au over a core length of 41.4 meters, including a higher grade sub section of 3.84 g/t Au over 15.2 meters, including 19.07 g/t Au over 2.0 meters (see Table 1). A second zone of about 25 meter long, with similar mineralization but visually less mineralized than the first zone, was intersected in the same Hole PE-2013-03 but at a vertical depth of about 400 meters. Results of this second zone are only partial and final results are still pending but already confirmed some gold intersects.

Table 1.  Drilling Intercepts

Perron Gold Project

2013 Drilling Intercepts (Partial Results)

Hole_No

 

From

To

Width

(m)   

Au g/t

Ag g/t

Zn %

Cu %

Pb %

PE-13-01

 

PR

PR

PR

PR

 

 

 

 

PE-13-02

 

PR

PR

PR

PR

 

 

 

 

PE-13-03  

 

375.8

417.2

41.4

2.19

PR

PR

PR

PR

 

incl

388.0

391.0

3.0

3.96

PR

PR

PR

PR

 

 

402.0

417.2

15.2

3.84

PR

PR

PR

PR

 

incl

410.5

412.5

2.0

19.07

PR

PR

PR

PR

 

 

450.1

475.4

25.3

PR*

PR

PR

PR

PR

PE-13-04

 

PR

PR

PR

PR

 

  

 

 

Legend: PR = Pending results; PR* = Partial results. To simplify the table the title of each hole have been shorten.

The drilling campaign and the quality control program is defined and supervised by J. Marchand Eng Geol, The QAQC include insertion of  blank,  standard or duplicate every 20 samples. The gold value is estimated by Fire Assay at Laboratoire Expert Inc. in Rouyn-Noranda. The polymetallic content will be provided by Actlabs in Ancaster. The logging and sampling is realised by Marco Rioja Geol.

It is utmost important to notice that these wide gold intersects are directly associated with well mineralized sulphide zones composed basically of sphalerite (Zinc-rich sulphide mineral) and chalcopyrite (Cu rich sulphide mineral), associated with minor pyrrothite and pyrite (both Fe rich sulphide minerals). Therefore, it is expected that silver and base metal content, that are to be received by the laboratory in about two weeks from now, are to be quite significant.

Hole PE-2013-03 is the third hole out of 4 (Holes PE-2013-01, 02 and 04 are presently at the lab and no results yet have been received) of a 2000 meter drilling campaign (see PR of January 17th2013) that has as main objective to try to follow-up and extend a significant gold bearing polymetallic zone intersected in 1999 in Hole PE-99-51 (1,69 g/t Au, 14g/t Ag, 0,1% Cu and 0,6% Zn over 21,8m), later described as a ‘deformed volcanogenic precious metal bearing massive sulfide mineralization’ (M.Sc Thesis by A. Laberge, UQAM, 2002) and, in 2011, of Hole PE-2011-4  that returned gold values of 0.41 g/t over 112.5 meters, including multiple higher gold grade sub-zones of up to 5.9 meters grading 2.4 g/t Au, including 2.5 meters at 4.54 g/t Au. (See PR of April, 12, 2012). Also important to note that centimetre size Mn-garnets are widely spread and associated with this mineralization in all of the three holes that, according to A. Laberge (UQAM thesis 2002), are characteristic of major volcanogenic gold-rich polymetallic mines of the Abitibi such as Doyon, Bousquet, Dumagami and Laronde.

The actual geometric interpretation that leads the exploration program on the polymetallic intercept is of a feeder pipe and a VMS tail tectonically transposed, resulting in a lenticular zone reaching, for now, 300 m wide and 50 m true thickness. The system is still open at depth and is dipping steeply to the north.

Jacques Trottier, PhD, President and CEO of Amex Exploration comments, “We are very excited and proud about these impressive drill results that are now just confirming the real potential of this promising new gold-rich polymetallic mineralization at Perron. With three drill holes from 3 different drill campaign executed in 1999, 2011 and now 2013, we have now been able to track down and follow by drilling what we are interpreting as a typical altered and mineralized feeder zone of a yet still to discover Gold-rich world class VMS deposit. Moreover, we are now identifying some vectors based on various criteria that will guide us to plan the next phase of drilling that will have as objective to encounter a potential VMS body”.

The Perron gold project is located near the village of Normetal in the Abitibi region of Quebec.  It consists of 108 adjacent claims for a total area of 4260 hectares. Geologically, the project is located in the Archean Greenstone Belt of the Superior Lake structural province. The area is crossed by the regional NW-SE trending Normetal fault. This fault delineates a major structural corridor associated to massive sulphide deposits such as the nearby old polymetallic (Cu-Zn-Au-Ag) Normetal mine and the Zn Normetmar deposit.

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 Trottier, PhD Geol. and Jacques Marchand Eng Geol., both 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.