gold related news

Gold investment related news

MONTREAL, Canada January 6th, 2011- Amex Exploration Inc. (AMX: TSX-V) is pleased to announce the beginning of a first phase of drilling on a new gold bearing structure outlined during last year trenching and sampling work (see press release of June, 15th, 2010) on its 100% owned Cameron property located in Northern Québec.

The property is located at about 25 kilometres to the NE of Lebel-sur-Quévillon in the north-western part of Quebec, and consists of 13 claims for a total area of 731 hectares. This first phase of drilling consists of 4 drill holes totalling about 600 meters that will test 4  IP anomalies (high chargeability and high resistivity) covering an area of about 1 km by 700 meters, one of which is associated with the new discovered gold-bearing zone.

In fact, follow up trenching, based on new geophysics surveys done last summer by Amex, combined with compilation data from previous trenching and grab sampling done by SOQUEM in the early 90’s, as led to the identification of a gold-bearing structure that returned an intersect of 1,17 g/t Au over 2,9 meters by channel sampling across the mineralized structure. This structure is characterized by an altered sheared quartz-feldspar-pyrite-sericite unit that is oriented more or less NE-SW and seems to be related to the regional ‘Wedding Fault Zone’. More specifically, the 4 IP anomalies that will be tested by this first phase of drilling seem to be associated with the Wedding Fault Zone or its subsidiaries.

Geologically, the property is covered by volcano sedimentary rocks of the Abitibi Sub province which consists mostly of basaltic to andesitic rocks with five felsic horizons present in the trench area.  The property is strategically located near the intersection of the Cameron and Chieftain regional deformation corridors and is cut by the regional NE trending Franquet and Wedding faults. To the northwest, shear-related gold mineralization has been discovered along the NW-SE Cameron deformation corridor at the Flordin deposit with reserves of 815 500T @ 5.1 g/t Au, at the Cartwright deposit with 83 000T @ 10.4 g/t Au and at the Lake Cameron Sud deposit with values of 5.1 g/t over 0.8 meter and 1.3 g/t Au over 13 meters (ref Roy et al. ET-97-02, 1997, 27 p.).

Amex management is very enthusiastic about the initiation of this first phase of drilling at Cameron and is looking forward for the results that should be available by the end of next month. In the mean time, Amex is also planning a new phase of exploration work in Mexico on its 100% own Natora-Norte property for 2011. The details of this new program will be announced in the next coming days.

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 deposit located in Canada and in Mexico.

The technical information reported in this news release has been approved by Jacques Trottier, geol., Qualified Person as defined by Canadian NI 43-101

For additional information, contact:
Dr. Jacques Trottier
President and Chief Executive Officer
Tel.: (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

MONTREAL, Canada March 7th 2011- Amex Exploration Inc. (AMX: TSX-V) is pleased to announce the results of drilling that confirms a new gold bearing structure on its 100% owned Cameron property located in Northern Québec. The property is located at about 25 kilometres to the NE of Lebel-sur- Quévillon in the north-western part of Quebec, and consists of 13 claims for a total area of 731 hectares.This first phase of drilling that just being complited, consisted of 4 drill holes totalling about 927 meters that has tested 4 different IP anomalies (high chargeability and high resistivity) located within an area of about 1 km by 700 meters, one of which was targeting the new discovered gold-bearing zone as reported in the January 6st 2011 press release.

In fact, follow up trenching, based on new geophysics surveys done last summer by Amex, combined with compilation data from previous trenching and grab sampling done by SOQUEM in the early 90’s, as led to the identification of a gold-bearing structure that returned an intersect of 1,17 g/t Au over 2,9 meters by channel sampling across the mineralized structure. This structure is characterized by an altered sheared quartz-feldspar-pyrite-sericite unit that is oriented more or less NE-SW and seems to be related to the regional ‘Wedding Fault Zone’.

Therefore, one of the drill hole that was planned to test this surface gold bearing structure, hole CA-11-P2 and has intersected it with success returning a section grading 1,10 g/t Au over 7.5 meters, including 4,1 g/t Au over 1.5 meter. It is important to mentioned that, although the intersect is located very close to surface, this hole intersected a much wider zone has it was previously known from surface trenching. This has a major significance as to evaluate the overall potential, both in terms of width and strike length, of this new gold-bearing structure that is still open in all directions. The program consisted also of 3 additional drill holes (CA-11-P1, P3 and P4), all located in different specific areas defined by geophysics targets, and have returned no significant gold values. Therefore, the main conclusion of this first phase of drilling is that any future work will be concentrated on the potential of this new gold structure intersected by hole CA-11-P2.

Considering that property is strategically located near the intersection of the Cameron and Chieftain regional deformation corridors and is cut by the regional NE trending Franquet and Wedding faults, more work is definitely recommended to further evaluate its gold potential. To the northwest, shear-related gold mineralization has been discovered along the NW-SE Cameron deformation corridor at the Flordin deposit with reserves of 815 500T @ 5.1 g/t Au, at the Cartwright deposit with 83 000T @ 10.4 g/t Au and at the Lake Cameron Sud deposit with values of 5.1 g/t over 0.8 meter and 1.3 g/t Au over 13 meters (ref Roy et al. ET-97-02, 1997, 27 p.).

Following these very interesting results, Amex is now proceeding with a new work program to be implement in the next coming weeks that will consists of additional drilling focussed on this new discovery.

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.

The technical information reported in this news release has been approved by Jacques Trottier, geol., Qualified Person as defined by Canadian NI 43-101

For additional information, contact:

Mr. Jacques Trottier

President and Chief Executive Officer

Tel.: (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

Montreal, March 21, 2011 – Amex Exploration Inc. (TSX: AMX) (“Amex” or the “Corporation”) announces that it has closed a non-brokered private placement consisting of 1,000,000 units (the “Units”) of Amex, at $0.25 per Unit, for total gross proceeds of $250,000. Each Unit is comprised of one non flow-through common share of Amex and one common share purchase warrant entitling the holder thereof to acquire one additional common share of Amex at $0.40 per share for a period of 18 months following the closing date.

In connection with this financing, Amex paid a cash commission of $10,000 to NBCN Inc. and issued 40,000 broker warrants, each broker warrant entitling NBCN Inc. to purchase one common share of Amex at the price of $0.40 during a period of 18 months following the closing date.

All securities issued pursuant to the private placement are subject to a four-month and one-day hold period, expiring on July 22, 2011. The private placement and the payment of the commissions are subject to the final approval of the TSX Venture Exchange (the “TSX-V”).

Proceeds of the private placement will be applied toward exploration work on the Corporation’s properties in Mexico and Quebec, and towards meeting short term operating working capital requirements.

Amex is a junior mining exploration company, the common shares of which are listed on the TSX-V. Amex’s primary objective is to develop and bring into production viable gold and base metal deposits.

For further information please contact Michel Lemay at 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, April 7, 2011 – Amex Exploration Inc. (TSX: AMX) (“Amex” or the “Corporation”) announces that it has closed a new non-brokered private placement with one investor consisting of 1,000,000 units (the “Units”) of Amex, at $0.25 per Unit, for total gross proceeds of $250,000. Each Unit is comprised of one non flow-through common share of Amex and one common share purchase warrant entitling the holder thereof to acquire one additional common share of Amex at $0.40 per share for a period of 18 months following the closing date.

In connection with this financing, Amex paid a cash commission of $10,000 to NBCN Inc. and issued 40,000 broker warrants, each broker warrant entitling NBCN Inc. to purchase one common share of Amex at the price of $0.40 during a period of 18 months following the closing date.

All securities issued pursuant to the private placement are subject to a four month and one day hold period, expiring on August 8, 2011. The private placement and the payment of the commissions are subject to the final approval of the TSX Venture Exchange (the “TSX-V”).

Proceeds of the private placement will be applied toward exploration work on the Corporation’s properties in Mexico and Quebec, and towards meeting short term operating working capital requirements.

Amex is a junior mining exploration company, the common shares of which are listed on the TSX-V. Amex’s primary objective is to develop and bring into production viable gold and base metal deposits.

For further information please contact Michel Lemay at 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 April 13th 2011- Amex Exploration Inc. (AMX: TSX-V) is pleased to announce that Bowmore (BOW: TSX-V) has confirmed the continuation of the option to earn a first 50% interest in Amex 100% owned Chivas (formally named Natora-South) property in Mexico. As such, at the first year anniversary date of the signed option (see PR of 12-07-10) that was on last Friday, April the 8th 2011, Bowmore has delivered on due time a cash payment of $100,000 and 50,000 shares of its capital.

The Property, which is located in the productive Sierra Madre gold belt of Mexico in the Department of Sonora, covers an area of 24,841 hectares and was optioned to Bowmore Exploration ltd (BOW:TSX-V) on April 8th 2010. According to this option agreement, Bowmore can earn an interest of up to 70% of the property and Amex is the operator.

Pursuant to the Option Agreement (the “Agreement”) between Amex Exploration Inc. (“Amex”) and Bowmore Exploration Ltd., whereas Bowmore may acquire from Minerales X-Ore de S.A. de C.V a first 50% interest in the Property and will keep the exclusive rights to explore and develop the Property over the next two years in consideration of the issuance of 150,000 common shares of the Company, a total cash payments of $250,000, participation to a private placement in Amex of $62,500 and incur expenditures in the aggregate amount of at least $1,250,000 on or before the second anniversary date of the agreement. At the end of this period Bowmore will have 60 days where it may elect to acquire an additional 20% of the property by issuing to Amex 100,000 common shares of the Company, a total cash payments of $200,000 and incur expenditures in the aggregate amount of $750,000 within a 24 month period of the election date.

Following an airborne survey executed in May of 2010 and covering 75 square kilometres and a detailed stream survey (heavy mineral concentrate), several structures and target areas were identified by the joint Bowmore-Amex exploration team. A total of 14 targets were established from the magnetic and radiometric survey and most of them have been investigated. Two of which (anomaly no. 3 & 6) correspond to the wide silicified zone (lithocap) reported by Bowmore’s September 24th, 2010 press release. This area of strong to intense epithermal alteration is situated WSW of the historical Piedra Rodante zone and has now been mapped over a strike length of 2,5 kilometres, remaining open toward the SSE and NNW, and can be interpreted to be at least 125 meters thick. This silica cap is in conformity with the general stratigraphy, i.e., striking NNW and shallow dipping toward the WSW. It is hosted by felsic tuffs and rhyodacites which are strongly silicified and/or brecciated and completely flooded by amorphous silica. Three heavy mineral samples collected at the bottom of the slope within a kilometre of the silicified zone returned anomalous gold values of up to 99 ppb Au. Complete assay results of various rock samples (grab & chip) returned arsenic, mercury and antimony anomalous results. Respectively up to 1,110 ppm As, 3 ppm Hg and 145 ppm Sb. The best gold assay returned 146 ppb Au, still indicating that this hydrothermal system that generated the silica cap was gold bearing, but went most probably under boiling leaving most of the gold at depth.

The alteration (micro crystalline silica) and textures (hydrothermal breccias & open space) and assay results are consistent with a “sinter zone” situated above a typical high grade Bonanza-type low sulphidation epithermal mineralizing system (Au/Ag). Locally minor pyrite and hematite is also present. Further observations indicate that the silica cap is thicker toward the north and argilic alteration is also present toward the south-end, which indicate a possible source area for the silica and mineralization. This area coincides with an interpreted discordant NE-SW structure (‘deep seated fault?”). The exploration field work will concentrate in the near future in this target area in order to establish priority drilling target location.

Jacques Trottier, PhD, President and CEO of Amex Exploration inc comments that ‘The discovery of such a huge silica cap that extends for more than 2.5km long with a thickness of more than 100 meters clearly indicates a very important long lasting mineralized hydrothermal event in this area.” Dr. Trottier also adds that “this discovery has clearly convinced our partner to carry on into the second year of their first option agreement and also shows that working with a good partner such as Bowmore, not only allows us to ‘share the risk’ on an exploration ‘grass-root’ project but also allows us to benefit of the synergy of having two teams of professionals that are organizing and executing the field work. I am more than confident that the best is yet to come with the continuation of the field work that should lead us to some drilling in a very near future.”

The company has granted a total of 750,000 options to its directors and officers pursuant to its stock option plan. Each option entitles its holder to subscribe to one additional common shares of the share capital of Amex at a price of $0.25 per share for a period of five years and a total of 125,000 options to two consultants pursuant to its stock option plan. Each option entitles its holder to subscribe to one additional common shares of the share capital of Amex at a price of $0.25 per share for a period of two years. The vesting and hold periods of the stock options are subject to the Policy 4.4 of the TSX Venture Exchange and to the Amex’s incentive stock option plan.

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.

The technical information reported in this news release has been approved by Jacques Trottier, geol., Qualified Person as defined by Canadian NI 43-101

For additional information, contact:

Mr. Jacques Trottier

President and Chief Executive Officer

Tel.: (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 press release

Montreal, Canada, May 17, 2011 – Amex Exploration inc (“AMEX”) (AMX:TSXV),

together with its partner Bowmore Exploration Ltd (BOW:TSXV) whereas Bowmore can earn a 50% interest in the property , are pleased to announced that recent detailed mapping and sampling program of (2010 and 2011) at the Nueva Escondida project has confirmed the presence of a significant disseminated polymetallic mineralized (Au, Ag, Pb and Zn) zone on surface covering an area of about 800 X 600 meters.

Historically (2005), X-Ore S.A. de C.V. (now a 100% owned Amex subsidary ) executed five chip sample lines situated at the western contact area of a felsic intrusive with a sedimentary sequence had returned significant grades; the best being 0.58 g/t Au, 116 g/t Ag , 3 % Pb and 6.6% Zn over 12 meters width (see table hereunder) . Thus, our recent ( 2010-2011) rock sampling program continued to highlight this promising area, where 60% of the 378 rock samples ( 2005 – 2008 & 2010-2011) taken within the mineralized area returned gold values above 30 ppb and 42% above 100 ppb up to 3.2 g/t Au.

Many of these samples are associated with silica alteration and are at or near the western contact of the intrusive. Anomalous assay results from other elements (Ag, Pb & Zn) also show the same association with silica and the proximity of the intrusive contact. Individual sample returned values up to 308 g/t Ag, 6.95 % Pb and 2.33 % Zn.

The table hereunder shows the results from the chip sampling collected across the western silica alteration contact zone with the felsic intrusive over a strike length of about 200 meters.

 

Trench No. Length (m) Au g/t Ag g/t Pb % Zn %
No.1

12

0.58

116.1

3.0

6.6

        incl.

4.5

0.49

215.7

5.1

13.8

        incl.

3.0

1.09

66.5

2.3

1.2

No.2

16.5

0.29

3.3

        incl.

7.5

0.39

4.2

No.3

10.5

0.31

12.2

        incl.

4.5

0.44

18.50

No.4

6.0

0.11

10.5

0.38

No.5

10.5

0.28

12.4

0.29

        incl.

6.0

0.33

11.5

0.32

           

 

Chip sample Definition: individual sample were taken over a width of 1.5 metres. It corresponds generally to a geological feature ( alteration, mineralization, structure etc). Pieces of rock are taken across the sample length. An effort is made so that equal amount of rock chips is taken over the entire length so that no portion has a larger weight in the sample. All samples mentioned in this press release where assayed by ALS Chemex lab. By fire Assay (Au- AA24, 50 g) and ICP41; which consist of silver plus 32 elements by aqua regia and ICPES .No standards, blanks or duplicates samples were inserted in X-Ore historical sampling (2005-2008) including the results of the table above. All samples taken in 2010-2011 have been subjet to our QAQC program, which includes the insertion of approximately 5% of standards, blanks & duplicate samples within each sample shipment.

This mineralized zone is located at the western contact of a shallow Tertiary felsic (dacitic) porphyritic and altered intrusive, it is hosted by altered Paleozoic sediments. The sediments are composed of a folded, faulted and altered sequence of limestone and calcareous conglomerate/ greywacke/silt. The intrusive is frequently weakly argillized; strong to moderate silica alteration is present over its western limit and is generally strongest when associated to breccias at its contact (up to 10 m wide). The silica alteration extends in the sediments for hundreds of meters but generally becomes patchy and weaker towards the west and north; where it is frequently associated to small felsic dykes and/or plugs. The larger silica altered zones (up to 75 meter wide) in the sediments have a NNW to NW trend which over all is parallel to sub-parallel to the intrusive contact. The silica alteration affects equally all units, when present it is pervasive and microcrystalline and often forms small grey colored druzy quartz veinlets (< 2.0 cm).

In the sediments, dolomitization or marblelization are the dominant alteration further west from the intrusive contact. Also minor skarned limestones, i.e. diopside rich areas, are present within the marbled limestone. These are often seen nearby or at the contact with felsic porphyric intrusives previously mentioned above. No clear association exist with sulphides and gold, overall very little sulphides where noted and when present they are fine grained and in trace amounts. Minor amounts of very fine pyrite, galena and sphalerite were noted mainly in the contact breccias.

The Nueva Escondida Property is composed of 8 claims covering over 6,100 hectares and is located in the foothills of the Sierra Madre Occidental gold belt (“SMO”), The SMO is host of more than 40 Million ounces of gold and 2 Billion ounces of silver. Geologically, the property is situated within the Basin and Range Province located at the western edge of the Sierra Madre Occidental. This property has never been drilled before and is not subject to any NSR.

 Option agreement

In order to acquire 50% interest in the Property, Bowmore shall make cash payments totaling $200,000 to Amex, issue a total of 150,000 of its common shares and incur expenditures in the aggregate amount of $800,000 within 24 months of the execution of the Agreement (see Press Release of 07-08-2010). At the end of this period, if Bowmore elects to continue to explore the property, it will form a Joint Venture with Amex on a 50-50% ownership. During the option period, Amex will be the operator and a management committee formed by two representatives of each company will be responsible for the planning of all exploration programs and budgets.

A 2000 meter diamond drill campaign is in process of permitting and soon be implemented. The campaign is designed to test the anomalous zone. Amex and Bowmore management are very pleased with the results of this phase of mapping and sampling at Nueva Escondida and are looking forward to drill this mineralized zone planned for June 2011..

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. The technical content of this press release have been prepared by QP Richard Simpson, geo. Amex Exploration Manager in Mexico, and have been revised by QP Jacques Trottier, geo, President and CEO of Amex Exploration Inc.

For additional information, contact:
Mr. Jacques Trottier, geo
President and Chief Executive Officer
Tel.: (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 July 7th 2011- Amex Exploration Inc. (AMX: TSX-V) is pleased to announce that Bowmore (BOW: TSX-V) has confirmed the continuation of the option to earn a 50% interest in Amex 100% owned Nueva Escondida property in Mexico. As such, at the first year anniversary date of the signed Option Agreement (see Press Release (PR) of 07-12-10) that was on Tuesday, July the 5th 2011, Bowmore has delivered on due time a cash payment of $ 50,000 and 50,000 shares of its capital.

The Nueva Escondida Property is composed of 8 claims covering over 6,100 hectares and is located in the foothills of the Sierra Madre Occidental gold belt (“SMO”), The SMO is host of more than 40 Million ounces of gold and 2 Billion ounces of silver. Geologically, the property is situated within the Basin and Range Province located at the western edge of the Sierra Madre Occidental. This property has never been drilled before and is not subject to any NSR.

A 2000 meter diamond drill campaign is in process of permitting and should soon be implemented. The campaign is designed to test the anomalous gold-silver and polymetalic zones described in the PR dated May 17th 2011. 

Pursuant to the Option Agreement (the “Agreement”) between Amex Exploration Inc. (“Amex”) and Bowmore Exploration Ltd.,(“Bowmore”) whereas Bowmore may acquire from Minerales X-Ore de S.A. de C.V a 50% interest in the Property and will keep the exclusive rights to explore and develop the Property over a two year period in consideration of the issuance of 150,000 common shares of the Company, a total cash payments of $200,000 and incur expenditures in the aggregate amount of at least $800,000 on or before the second anniversary date of the agreement. During the earn-in period, Amex will be the operator. At the end of this period, Bowmore and Amex will get into a Joint Venture agreement to further develop the property.

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. 

The technical information reported in this news release has been approved by Jacques Trottier, geol., Qualified Person as defined by Canadian NI 43-101

For additional information, contact:

Mr. Jacques Trottier

President and Chief Executive Officer

Tel.: (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 press release.

Montréal, Québec – July 25th, 2011 – AMEX Exploration Ltd. (AMX: TSX-V,“Amex ”) is pleased to announce that it has obtained all necessary permits and license for its drill program at the Nueva Escondida property Sonora Mexico (property optioned to Bowmore Exploration inc (BOW:TSX-V). Amex, as the operator for Bowmore, have retained G4 Drilling Inc. of Val D`Or Qc., to carry out its program. The drill and crew were mobilized on Saturday July 23rd and should be running by tomorrow.

The diamond drill program consist of 6 to 8 holes for approximately 2000 meters targeting mainly the ‘Rodeo Zone’, a significant gold and silver-zinc-lead mineralized zone that was outlined during recent exploration programs in 2010 and 2011 (see news release dated May 19th, 2011). This zone, located at the contact between a sedimentary rock composed mainly of silicified and dolimitized limestones, and a porphyry intrusive, have been followed over a distance of about one kilometer and its width is yet to be determined. However, surface channel surface sampling previously done had returned sections with values of up to 0.58g/t Au, 116g/t Ag, 3% Pb and 6.6% Zn on 12 meters and was still open (as reported by Amex see press release dated May 17th, 2011). Some of the drill holes are collered to test the extension at depth of this polymetallic zone.

Jacques TrottierPh.D, President and CEO of Amex Exploration Inc., stated: “I am pleased to see that the 2010 and 2011 work program corroborated historical work and has yielded positive results by expanding the Rodeo zone. We have been doing a lot of work to be able to identify this mineralized zone that bears some similarities with large low grade Mexican polymetallic deposits such as Penasquito and Camino Rojo of Goldcorp, and drilling it in such a short period of time is encouraging.”

Amex and Bowmore management are very enthusiastic to see the results of this first drilling campain ever done on this property located in the foot hill of the prolific Sierra Madre gold belt. First results of this drilling should be available sometime in August and will be published as soon as they come.

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.

The technical information reported in this news release has been approved by Jacques Trottier, geol., Qualified Person as defined by Canadian NI 43-101

For additional information, contact:

Mr. Jacques Trottier

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.

Montreal, August 11, 2011 – Amex Exploration Inc. (TSX: AMX) (“Amex” or the “Corporation”) announces that it has closed on August 10, 2011 a non-brokered private placement consisting of 1,800,000 units (the “Units”) of Amex, at $0.25 per Unit, for total gross proceeds of $450,000. Each Unit is comprised of one non flow-through common share of Amex and one common share purchase warrant entitling the holder thereof to acquire one additional common share of Amex at $0.40 per share for a period of 18 months following the closing date. Sodemex participated for $30,000 and 3 insiders have participated for a total of $20,000 in connection with this financing.

All securities issued pursuant to the private placement are subject to a four month and one day hold period, expiring on December 11, 2011. The private placement and the payment of the commissions are subject to the final approval of the TSX Venture Exchange (the “TSX-V”).

Proceeds of the private placement will be applied toward exploration work on the Corporation’s properties in Mexico and Quebec, and towards meeting short term operating working capital requirements.

Amex is a junior mining exploration company, the common shares of which are listed on the TSX-V. Amex’s primary objective is to develop and bring into production viable gold and base metal deposits. For further information please contact Michel Lemay at 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 – October 13 , 2011 – AMEX EXPLORATION INC (AMX: TSX-V, “ The Company”) is pleased to provide an update of the ongoing Diamond drilling campaign and exploration activities on its Nueva Escondida South Property, located in the State of Sonora, Mexico.

The Property, composed of 9 claims covering 6,200 hectares and is located in the foothills of the Sierra Madre Occidental gold belt (“SMO”), was optioned to BOWMORE Exploration ltd (TSXV- BOW) in may of 2010 (see PR of 12-07-10), Amex being the operatorThis property has never been drilled before and is not subject to any NSR. A total of 1,561.8 meters along 8 diamond holes were completed between July 24th and September 17th. The campaign was designed to test the anomalous gold-silver and polymetallic zones described in the PR dated May 17th 2011.

Overall, the diamond drill holes have intersected favorable altered limestones and carbonaceous sediments in addition of variable breccias and silicified porphyritic felsic intrusive. The geology, alteration and mineralization remains overall identical to what was previously mapped on surface (see PR-17-05-11). Assay Results received to date are summarized in table 1.

The best results to date are from hole NE2011-04 which intersected three different gold bearing intervals hosted in altered and/or brecciated intrusive and sediments. The most significant intersect is the third gold bearing zone that returned 40.5 meters at 0,51 g/t Au and 3,7 g/t Ag (including 9.5 m. at 1.11 g/t Au and 8.8 g/t Ag) , with a higher grade section of 1.6 meters at 3,08 g/t Au and 28 g/t Ag associated with a jasperoidal interval. Also of interest, the first gold bearing intersect is located at the beginning of the hole into a breccia zone into the intrusive that bears some characteristics of a diatreme breccia that is typical of some large disseminated gold deposit (Table 1 resumes the assay results received an confirmed to date.).

 

La Nueva Escondida Drilling Intercepts

Hole_No

From

To

Width (m)   

Au g/t

Ag g/t

Cu %

Pb %

Zn %

NE-11-01

12.60

17.40

4.80

0.14

74.4

0.16

0.15

0.22

 

25.00

28.00

3.00

 

7.0

 

1.00

0.21

 

34.00

36.45

2.45

 

1.8

 

0.08

0.26

NE-11-02

32.70

42.20

9.50

 

1.3

   

0.13

NE-11-03

87.40

99.00

11.60

 

1.5

 

 

0.15

NE-11-04

15.00

22.50

7.50

0.10

3.4

   

0.17

incl:

19.30

22.50

3.20

0.15

4.5

 

 

0.30

 

88.50

90.00

1.50

0.47

0.5

     
 

105.85

124.50

18.65

0.24

1.4

 

 

 

 

139.50

180.00

40.50

0.51

3.7

     

incl:

153.80

163.50

9.70

1.11

8.8

     

incl:

153.80

155.40

1.60

3.09

28.7

     
NE-11-05    

Pending

 

 

 

   
NE-11-06    

Pending

         
NE-11-07    

Pending

         
NE-11-08    

Pending

         

 

All samples are prepared and assay by ALS CHEMEX. Also as part of our QAQC program approximately 5% of the samples are inserted blanks, standards & duplicates samples.

Although the final results of the last four holes are still pending, the company is very pleased with these initial results. Jacques Trottier, PhD, president and CEO of Amex Exploration comments, “We are quite enthusiastic with the results so far and to have been able to confirm by drilling the high potential of this project. The fact that, for example, we have intersected three different type of gold and polymetallic mineralizations in one single hole (hole NE-11-04), demonstrates that the hydrothermal system that mineralized the area was most probably multiple and long lasted, evidencing conditions that are needed to create significant deposits. I am very anxious to see the results of the next four holes that have concluded this first phase of drilling”. 

Once all the results will be completed, Amex management, along with its partner Bowmore, will elaborate the next phase of work to better follow up theses results.

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.

The technical information reported in this news release has been approved by Jacques Trottier, geol., Qualified Person as defined by Canadian NI 43-101

For additional information, contact:

Mr. Jacques Trottier

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.