Amex Exploration Expands Abitibi Land Holdings to 500 km² Through Strategic Acquisitions

• Land position increases from 19,972 hectares (200 km²) to 50,108 hectares (501 km²) through two project acquisitions and claim staking
• Company now controls approximately 70 kilometres of strike length along the Normétal-Burntbush greenstone belt
• Abbotsford Project acquisition includes 242 claims (6,253 hectares) plus 890 staked claims (18,753 hectares)
• Hepburn Project acquisition includes 82 claims (2,139 hectares) plus 141 staked claims (2,990 hectares)
• Transaction includes $150,000 cash, 600,000 shares, 0.5% gross overriding royalty, and milestone payments of up to $1.5 million

Amex Exploration Inc. (TSXV: AMX) is a Canadian exploration company with high-grade gold discoveries at its 100% owned Perron Gold Project, located approximately 110 kilometres north of Rouyn-Noranda, Quebec. The project contains both bulk-tonnage and high-grade gold mineralisation styles, along with copper-rich volcanogenic massive sulphide zones. The Perron Project in Quebec consists of 183 claims covering 65.75 km², whilst the adjacent Perron West Project in Ontario includes 35 claims spanning 134.55 km². The properties have year-round road access and are located 30 minutes from an airport and approximately 6.5 kilometres from the Town of Normétal.

Abbotsford and Hepburn Project Acquisitions and Claim Staking

Amex has entered into an asset purchase agreement to acquire the Abbotsford and Hepburn Projects from an arm's length vendor. The Abbotsford Project comprises 242 claims totalling 6,253 hectares, whilst the Hepburn Project includes 82 claims covering 2,139 hectares. Both projects are located immediately adjacent to the company's existing land package along the Normétal-Burntbush greenstone belt.

The company has staked 890 additional claims (18,753 hectares) as a continuation of the Abbotsford Project and 141 claims (2,990 hectares) extending the Hepburn Project. The Hepburn Project contains mafic to intermediate metavolcanic rocks with multiple gold and copper showings. The properties are currently subject to a 1.5% net smelter returns royalty, which will be assumed by Amex on closing.

Transaction terms include upfront consideration of $150,000 cash and 600,000 common shares, with the shares subject to a staggered release from escrow over 36 months. Amex will grant the vendor a 0.5% gross overriding royalty on both projects. Additional milestone payments include $1 million upon disclosing a mineral resource of at least one million ounces of gold on the properties and $500,000 upon completing a preliminary economic assessment, pre-feasibility study, or feasibility study. The transaction requires TSX Venture Exchange approval.

Land Position Expansion from 200 km² to 500 km²

The acquisitions and staking programme increase Amex's total holdings from 19,972 hectares to 50,108 hectares. The company's announcement notes this makes it one of the largest landholders in the Abitibi region.

Amex has extended its holdings northwest along the Normétal-Burntbush greenstone belt, which hosts the Perron Project's 2.3 million ounce resource as disclosed in the May 21, 2025 press release.

Victor Cantore, President and CEO, stated:

"Based on our extensive exploration of the Perron property, we see the Normétal-Burntbush greenstone belt, which adjoins the Casa Berardi deformation zone to the northwest, as being extremely prospective for future gold and VMS discoveries."

The company notes that any future discoveries on the new land package could have synergies with proposed mine infrastructure on the Perron Project in Quebec, as outlined in the preliminary economic assessment updated in September 2025. The Normétal-Burntbush greenstone belt remains underexplored for gold whilst holding several historical showings.

70 Kilometre Strike Control Along Normétal-Burntbush Greenstone Belt

Amex now controls approximately 70 kilometres of strike length along the Normétal-Burntbush greenstone belt. This belt hosts the Perron Project's 2.3 million ounce gold resource. The company notes the belt remains underexplored for gold, with several historical showings that have not received substantial follow-up work.

The expanded land package places Amex adjacent to Agnico Eagle's Abitibi properties along the Casa Berardi break in Ontario. Agnico's project contains several gold showings along a northeast-southwest strike.

Mr. Cantore commented:

"With these acquisitions, we have constructed a truly district scale land package which is controlled by one company, rarely seen in the Abitibi region."

Mr. Cantore also stated:

"It is also exciting to now hold land adjoining the Casa Berardi break, which also contains important fertile structures that warrant further work."

The geological setting includes volcanic rock sequences that may be suitable for volcanogenic massive sulphide style copper and zinc mineralisation, alongside gold potential. The company plans to design an initial exploration programme on the acquired properties.

Next Steps

The company plans to design an initial exploration programme for the newly acquired and staked properties. The transaction remains subject to TSX Venture Exchange approval and standard closing conditions, including execution of the royalty agreement and certain conveyance instruments. Once the transaction closes, Amex will evaluate priority targets on the expanded land package, which includes areas with historical showings and exploration potential along the Normétal-Burntbush greenstone belt and Casa Berardi break.

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