amex exploration

Amex Exploration

Montreal, September 28, 2012 – Amex Exploration Inc. (TSXV: AMX) (“Amex” or the “Corporation”) is pleased to announce that it has closed a non-brokered private placement consisting of (i) 89 series “A” units (the “A Units”) at a price of $2,450 per A Unit, and (ii) 96 series “B” units (the “B Units”) at a price of 2,000 per B Unit, for gross proceeds of $410,050 (the “Private Placement”). Each A Unit is comprised of (i) 9,000 common shares of the Corporation issued on a flow-through basis (the “Flow-through Shares”) at an issue price of $0.25 per Flow-Through Share, and (ii) 1,000 common shares of the Corporation issued on a non flow-through basis (the “A Shares”) at an issue price of $0.20 per A Share. Each B Unit is comprised of (i) 10,000 common shares of the Corporation (the “B Shares”) at an issue price of $0.20 per B Share, and (ii) 10,000 common share purchase warrants (the “Warrants”). Each Warrant entitle its holder thereof to purchase one additional common share at a price of $0.25 per common share for a period of 18 months following the closing date of the Private Placement.

In connection with the Private Placement, Amex paid a finder’s fee equal $18,608 to National Bank Financial Inc. (“NBF”), a non-related party to the Corporation, and also granted to NBF 79,712 agent’s options (the “Agent’s Options”); each Agent’s Option entitling the holder thereof to acquire one common share of Amex at a price of $0.20 per common share for a period of 24 months following the closing date of the Private Placement.

The net proceeds from the sale of the Flow-Through Shares will be used by the Corporation to finance the Corporation’s exploration program on its properties located in the Province of Quebec, and the net proceeds from the sale of the A Shares and of the B Shares will be used by the Corporation for general working capital purposes.

All securities issued pursuant to the Private Placement are subject to a 4-month and one day hold period, expiring on January 29, 2013. The Private Placement is subject to the receipt of all necessary regulatory approvals, including the final approval of the TSX Venture Exchange.

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.

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