Gold Explorer Amex Discovers High-Grade Gold at Perron Project in Quebec

• Amex Exploration's Development: Victor Cantore, the CEO of Amex Exploration, highlights that the company has conducted 350,000 meters of drilling in the Perron project, aiming for 400,000 meters by year-end.
• Fire Impact: The Quebec region faced significant forest fires. The Amex project was near a fire zone two weeks prior, but their core shack facilities remained unaffected. After a brief evacuation, residents and workers were allowed back, and operations are set to resume.
• Drilling Strategy: The company has drilled 350,000 meters and is targeting 400,000 meters. They plan to release a resource model by the end of the year, showcasing potential expansion drilling opportunities and new discoveries.
• Financial Health: Amex is fully funded for their planned 100,000 meters of drilling. Their last financing round was majorly (around 98%) backed by institutions. Institutions have given positive feedback, encouraging the company to continue its current trajectory.
• Market Response: Despite consistent discoveries, the market hasn't fully recognized Amex's value. The company believes that a combination of releasing their resource, conducting an economic study, and continuous discoveries will eventually align the market's perception with the company's intrinsic value.

Amex Exploration is a Canadian gold exploration company focused on its 100% owned Perron gold project located in northwestern Quebec. With multiple high-grade gold discoveries and over 350,000 meters drilled to date, Amex offers significant resource growth potential for investors.

Overview of Perron Project

• Flagship project with district-scale potential along 15km mineralized trend
• Located in mining-friendly Quebec with excellent infrastructure
• Over 350,000 meters drilled to date, targeting over 400,000 meters in 2022
• Made multiple high-grade gold discoveries along parallel mineralized structures
• Actively expanding known zones and making new discoveries

The Perron project covers an area of approximately 116 square kilometers along the prolific Abitibi greenstone belt. The property hosts a district-scale mineralized trend spanning over 15 kilometers, with multiple parallel mineralized structures that remain open along strike and at depth. There is excellent existing infrastructure, with paved road access, abundant water and power, and nearby towns that can provide a readily available workforce. The project's proximity to major cities like Montreal and Toronto also facilitates efficient exploration.

To date, Amex has drilled over 350,000 meters to systematically test high-priority targets across the property. Ongoing drilling continues to expand the scale of known mineralized zones and make exciting new discoveries, highlighting the significant resource growth potential remaining.

High-Grade Gold Discoveries

Multiple zones of high-grade gold mineralization have been discovered through methodical step-out drilling along mineralized structures. Highlights include:

• Eastern Gold Zone: Up to 393.33 g/t Au over 1.70m and 35.87 g/t Au over 9.60m
• Grey Cat Zone: Up to 167.60 g/t Au over 1.20m and 29.44 g/t Au over 8.50m
• Gratien Gold Zone: Up to 30.98 g/t Au over 8.50m
• 210 Gold Zone: Up to 58.25 g/t Au over 3.90m

The recently discovered high-grade 210 Gold Zone and 210-W Zone remain open in multiple directions with significant expansion potential.

Several kilometers to the east, the new high-grade Tete de Gras discovery has returned exceptional grades up to 858 g/t Au over 0.50m, establishing another rapidly emerging zone of high-grade mineralization.

Advancing Towards Maiden Resource Estimate

With over 350,000 meters of drilling complete, Amex is gearing up to deliver a maiden resource estimate to showcase the value being unlocked by ongoing exploration. Additional drilling will also demonstrate significant resource growth potential remaining beyond the boundaries of the initial estimate. The maiden resource will be focused on the Eastern Gold Zone, where drilling has outlined a roughly 1 km long zone of continuous high-grade mineralization from near surface to over 1 km depth. The zone remains very open to expansion along strike and at depth.

An economic study will be undertaken concurrently to demonstrate the potential viability of mining operations at Perron. Excellent existing infrastructure significantly improves the economics and lowers barriers to production.

Well-Funded for Continued Exploration Success

Amex is fully funded to continue aggressive exploration with a current cash balance of approximately $22 million. At the anticipated drilling pace, this provides sufficient capital for ongoing drilling through 2022 without the need for additional financing.

With a tight capital structure and large institutional shareholder base, Amex can maintain financial flexibility to continue delivering value through disciplined exploration. The company is well positioned to maximize resource growth and new discoveries as it systematically drills out the district-scale potential of its 100% owned Perron gold project. With its district-scale land package in mining-friendly Quebec and multiple recent high-grade gold discoveries, Amex Exploration offers investors resource growth potential.

Systematic drilling continues to expand the footprint of gold mineralization along a 15 km trend with many untested parallel structures remaining. The maiden resource estimate in 2022 will be just the beginning as the company gradually unlocks the full potential of the Perron project.

The Investment Thesis for Amex Exploration

• Excellent jurisdiction - Quebec is a stable, mining-friendly jurisdiction with straightforward permitting and a proven track record. This significantly derisks operations.
• Potential for acquisition - As Amex continues to expand mineralization and advance the project, it could become an attractive acquisition target for a major gold producer looking to add high-grade ounces to their pipeline.
• Gold market upside potential - With gold prices expected to remain strong in the long-term, there is significant valuation upside potential as Amex proves up additional mineral resources.
• Proven management team - The Amex management team has a track record of success with previous exploration companies and mineral discoveries. Their technical capabilities reduce exploration risk.
• Tight capital structure limits dilution - With a strong cash balance and minimal debt, Amex has funded exploration with minimal share dilution to date. This allows current shareholders to fully benefit from exploration success.
• District-scale potential - The size of the land package along a highly prospective trend provides the potential to delineate a district-scale gold system through continued exploration.

In summary, Amex offers investors exposure to resource growth through disciplined exploration in a premier mining jurisdiction. Systematic drilling has built momentum with multiple discoveries, and the valuation upside remains as the company realizes the district-scale potential of the project. The proven team, tight structure, and exploration progress make Amex Exploration an attractive speculation for gold investors.