Amex Exploration advances Perron project

Executive Summary

• Amex Exploration has purchased a water treatment plant from ASDR to support its upcoming bulk sample program and future Phase 1 custom milling operations at the Perron project.
• The company has retained Norda Stelo to conduct a comprehensive Environmental Impact Assessment (EIA) to secure operating permits, targeting bulk sample operations in 2027 and Phase 1 operations in 2028.
• These initiatives represent material progress in the project's development, highlighting disciplined capital allocation, proactive water management, and a structured regulatory permitting strategy.

Key Details

• Water Treatment Plant Acquisition: Purchased from ASDR (Abitibi-based) for immediate use in the bulk sample program; engineered for long-term reuse during Phase 1 custom milling to optimize capital expenditure and ensure compliant water management from early project stages.
• Environmental Impact Assessment (EIA): Retained Norda Stelo to lead the EIA for Phase 1, covering environmental, hydrological, social, economic, and land-use components to establish baseline conditions, evaluate potential impacts, and identify mitigation measures.
• Project Timeline & Milestones: Bulk sample operations targeted for 2027; Phase 1 custom milling operations and associated operating permits targeted for 2028.
• Project Overview: Perron gold project located ~110 km north of Rouyn-Noranda, Quebec, comprising 183 contiguous claims (65.75 sq km) hosting both bulk-tonnage and high-grade gold mineralization.
• Regulatory & Technical Compliance: Scientific and technical information reviewed and approved by Stephen Coates, PEng, independent qualified person under NI 43-101.

Notable Quotes

• Victor Cantore, President & CEO: "We are proud to partner with ASDR, an Abitibi-based leader, to ensure our water management is proactive and compliant from day one. This investment in high-quality infrastructure for our bulk sample program is designed for long-term use in our future milling operations, showcasing our disciplined approach to capital expenditure. Simultaneously, initiating the EIA with Norda Stelo formalizes our commitment to a transparent, rigorous permitting process as we target 2027 for bulk sample operations and 2028 for the start of phase 1 operations."