Amex Exploration

Amex Exploration (TSX-V: AMX, FRA: MX0, OTCQX: AMXEF) has made significant gold  discoveries on its 100% owned Perron Gold Project located in the mining friendly jurisdiction of  Quebec. The project is well serviced by existing infrastructure, being located about an hour north of Rouyn-Noranda (~110 km), on a year-round road, 10 minutes from an airport and just outside the town of Normetal (~8 km). In addition, the project is in close proximity to a number of major gold producers’ milling operations. To date, Amex has hit very high-grade and visible gold in three different zones (Eastern Gold Zone, Gratien Gold Zone and Grey Cat Gold Zone) across the project over a 2.7 km corridor of gold mineralization. The management team has invested their own capital into the company in each financing and is focused on building value for shareholders. Drilling is year-round, and the company is in the middle of a fully funded 200,000 m  drill campaign, meaning investors can expect ample news flow and catalysts throughout the year. The share structure is tight with approximately 76M shares outstanding.

The Perron gold property is located in the western part of Quebec, approximately 110  kilometers north of the town of Rouyn-Noranda in the Abitibi region of Quebec, which is one of the most prolific gold producing regions in the world.

The property consists of 117 adjacent claims covering a total area of 4,560 hectares and  is 100%-owned by Amex Exploration. The property is located in the Archean Greenstone Belt  of the Lake Superior structural province. The area is crossed by the regional NW-SE trending  Normetal fault. This fault delineates a major structural corridor associated with massive  sulphide deposits such as the nearby now closed polymetallic (Cu-Zn-Au-Ag) Normetal mine  and the Zn Normetmar deposit and several Archean gold vein showings.

Exploration Highlights

• ~200,000 m fully funded drill program underway
  Exploration along strike of 2.7 km Perron gold corridor aims to link up known gold zones and generate a bulk tonnage target coupled with the high-grade underground-type targets like the EGZ and GCZ
• Expansion and definition of the EGZ, with a focus on exploration and expansion at depth of the High Grade Zone and expanding the Southern Denise Zone towards surface
  Metallurgical testing of the High Grade Zone of the EGZ
• Expansion and definition of the Grey Cat and Gratien Gold Zones - Focus on defining near-surface gold mineralization and exploring for high-grade mineralization at depth

Gratien Gold Zone (GGZ)

• Strike length of high-grade gold mineralization to 400 metres on newly-defined high-grade lens of the Gratien Gold Zone
• Number of stacked vertically-dipping lenses of gold mineralization within the Gratien zone
• Continued drilling will test the continuity of these lenses along the roughly 1 km-long corridor of gold mineralization
• Results include:

• 16.48 g/t Au over 14.60 m including a very high-grade core of 47.69 g/t Au over 4.95 m with individual intercepts of 315.40 g/t Au over 0.50 m and 102.96 g/t Au over 0.70 m at a vertical  depth of ~145 m in PE-19-89
• 3.13 g/t Au over 12.80 m including 68.99 g/t Au over 0.50 m at a  vertical depth of ~185 m in PE-19-71
• 29.21 g/t Au over 1.30 m including 75.56 g/t Au over 0.50 m at a  vertical depth of ~85 m in PE-19-72
• 2.45 g/g Au over 15.20 m including 46.68 g/t Au over 0.50 m at  a vertical depth of ~125 m PE-19-73

Grey Cat Gold Zone (GCZ)

• New discovery located roughly 650 m from the Gratien Zone slightly to the north of the regional Perron Fault
• Gold grades reported from 14 meters below surface down to a depth of approximately 385 meters
• Near-surface mineralization of over 20 meters width has the  potential to be amenable to open-pit mining
• High-grade gold mineralization within a broad panel of  disseminated gold mineralization with intercepts of up to 26.90 m  grading 3.42 g/t Au including 134.16 g/t Au over 0.50 meter in hole PEG-19-80

• ~200,000 m fully funded drill program underway
  Exploration along strike of 2.7 km Perron gold corridor aims to link up known gold zones and generate a bulk tonnage target coupled with the high-grade underground-type targets like the EGZ and GCZ
• Expansion and definition of the EGZ, with a focus on exploration and expansion at depth of the High Grade Zone and expanding the Southern Denise Zone towards surface
  Metallurgical testing of the High Grade Zone of the EGZ
• Expansion and definition of the Grey Cat and Gratien Gold Zones - Focus on defining near-surface gold mineralization and exploring for high-grade mineralization at depth

Gratien Gold Zone (GGZ)

• Strike length of high-grade gold mineralization to 400 metres on newly-defined high-grade lens of the Gratien Gold Zone
• Number of stacked vertically-dipping lenses of gold mineralization within the Gratien zone
• Continued drilling will test the continuity of these lenses along the roughly 1 km-long corridor of gold mineralization
• Results include:

• 16.48 g/t Au over 14.60 m including a very high-grade core of 47.69 g/t Au over 4.95 m with individual intercepts of 315.40 g/t Au over 0.50 m and 102.96 g/t Au over 0.70 m at a vertical  depth of ~145 m in PE-19-89
• 3.13 g/t Au over 12.80 m including 68.99 g/t Au over 0.50 m at a  vertical depth of ~185 m in PE-19-71
• 29.21 g/t Au over 1.30 m including 75.56 g/t Au over 0.50 m at a  vertical depth of ~85 m in PE-19-72
• 2.45 g/g Au over 15.20 m including 46.68 g/t Au over 0.50 m at  a vertical depth of ~125 m PE-19-73

Grey Cat Gold Zone (GCZ)

• New discovery located roughly 650 m from the Gratien Zone slightly to the north of the regional Perron Fault
• Gold grades reported from 14 meters below surface down to a depth of approximately 385 meters
• Near-surface mineralization of over 20 meters width has the  potential to be amenable to open-pit mining
• High-grade gold mineralization within a broad panel of  disseminated gold mineralization with intercepts of up to 26.90 m  grading 3.42 g/t Au including 134.16 g/t Au over 0.50 meter in hole PEG-19-80

Three Mineralized Zones

• Open in all directions along strike and at depth
• Intersected ~775 vertical meters of high-grade mineralization from surface
• Testing lateral extent and depth of the system with step-out program in 2020
• +38 drill holes have intersected gold mineralization greater than 10 g/t Au over variable widths in HGZ
• Results from HGZ:

• 393.33 g/t Au over 1.7 m in PE2019-22
• 269.23 g/t Au over 1.35 m in  PE2018-17
• 214.71 g/t Au over 0.65 m in  PE2019-24

• Results from Denise Zone:

• 6.99 g/t Au over 32.20 m including 178.16 g/t Au over 1.20 m at a vertical depth of ~500 m in PE-19-83
• New high-grade intersection in the Denise Zone shares several characteristics with the HGZ