Amex Exploration's Champagne Zone Grade Control Programme Returns 76.51 g/t Gold in Opening Hole

• First grade control hole returned 76.51 g/t gold and 7.57 g/t silver over 6.40 metres at approximately 200 metres depth, including 312.60 g/t gold and 25.85 g/t silver over 1.55 metres
• Within that interval, two sub-intervals graded 218.69 g/t gold over 0.85 metres and 426.64 g/t gold over 0.70 metres; the company notes these results may increase the grade of the block model in this area once remodelling is complete
• Visible gold grains were identified during core logging of the second and third holes, PE-21-371W1 and PE-26-894, with assay results expected shortly
• Drill spacing will be reduced to approximately 5 to 10 metres, down from the current 12 to 20 metres, with the aim of upgrading Indicated resources to Measured resources under Canadian NI 43-101 standards
• Directional drilling technology is being used to ensure precise targeting across the bulk sample area

Amex Exploration Inc. (TSXV: AMX | FSE: MX0 | OTCQX: AMXEF) is a Quebec-based gold exploration and development company focused on its wholly owned Perron Gold Project, located approximately 110 kilometres north of Rouyn-Noranda. The project covers 183 contiguous claims across 65.75 km2 and hosts both high-grade and bulk-tonnage gold mineralisation, as well as copper-rich volcanogenic massive sulphide zones. Combined with the adjacent Perron West Project and the Abbotsford and Hepburn Projects in Ontario, the total land package spans over 501 km2. The project is accessible by year-round road, located 30 minutes from an airport, and situated approximately 6.5 kilometres from the Town of Normétal, with several processing plants owned by major gold producers in the vicinity.

High-Grade Result in First Hole May Support Block Model Revision

A grade control programme is a short-spaced, high-detail drilling effort designed to define ore and waste boundaries before mining. It is more detailed than exploration or resource drilling and is used to improve short-term resource models and production planning. Amex's programme was designed to increase confidence in the existing block model at Perron and to confirm that the stopes, the discrete underground blocks designated for extraction during the bulk sample, have been appropriately selected.

The first hole, PE-19-47W1, returned 76.51 g/t gold and 7.57 g/t silver over 6.40 metres at a vertical depth of approximately 200 metres, including 312.60 g/t gold over 1.55 metres.

VP Exploration of Amex Exploration Aaron Stone commented:

"The primary purpose of the grade control drill program is to further validate the resource block model for the planned bulk sample. This first hole is a fantastic start to the program and shows that the grade in certain areas of the existing block model may increase as we drill tighter spacing."

The company noted that assay results of 426.64 g/t gold and 218.69 g/t gold from within this hole will, in theory, increase the grade of the block model in this area. It has stated, however, that this assumption will only be confirmed once the bulk sample area of the Champagne Zone has been fully remodelled upon completion of the programme.

Visible Gold Observed in Second and Third Holes

Amex has reported that multiple grains of visible gold were identified during core logging of the second and third grade control holes, PE-21-371W1 and PE-26-894. Visible gold refers to gold detectable to the naked eye in a drill core sample. Samples from both holes are currently being processed at the laboratory, with results expected in the coming days.

The company notes that samples containing visible gold are analysed using a metallic sieve method, which accounts for the uneven distribution of coarse gold particles that can affect the accuracy of standard fire assay results. Results for PE-21-371W1 and PE-26-894 will be announced once received and compiled.

President and CEO of Amex Exploration Victor Cantore, commented:

"On behalf of the Board of Directors, employees and consultants of Amex, I would like to extend our heartfelt condolences to the family and loved ones of our former Chairman, Jacques Trottier who recently passed away. Our thoughts and prayers are with his family during this difficult time."

Drill Spacing Reduction Targets Measured Resource Classification

The existing drill spacing in the area selected for the bulk sample is between 12 and 20 metres. The grade control programme will reduce that spacing to approximately 5 to 10 metres. The objective is to upgrade Indicated resources to Measured resources, the highest confidence classification under NI 43-101 standards, by reducing the geological uncertainty between data points.

VP Exploration of Amex Exploration Aaron Stone added:

"Upon the completion of this program, the block model will be updated encasing the area designated for the bulk sample allowing our engineering team to make further refinements to the design of the individual stopes to be blasted during the bulk."

Stone also noted that much of Amex's recent drilling has been production-driven, including condemnation holes targeting areas that will host infrastructure for both the bulk sample and the Phase 1 mine operation. He indicated that the programme will shift to a more exploration-focused orientation once this production-oriented work at Perron is complete.

Next Steps

With the grade control programme now under way, investors should watch for assay results from PE-21-371W1 and PE-26-894, followed by the updated block model once the full programme is complete. The completion of the grade control programme is a prerequisite to finalising individual stope designs for the planned bulk sample at the Champagne Zone.

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