Amex, Apitipi Anicinapek sign exploration agreement

Executive Summary

• Amex Exploration Inc. has entered into an exploration agreement with the Apitipi Anicinapek Nation (AAN) covering its Perron West, Abbotsford, and Hepburn projects in Ontario.
• The agreement establishes a collaborative framework featuring community employment/training opportunities and a community fund tied directly to the company's exploration expenditures within AAN's traditional territory.
• Permitting for the Ontario projects is progressing, with the company anticipating near-term mobilization to launch an aggressive maiden exploration program on a district-scale land package.

Key Details

• Agreement Scope: Covers exploration of the Perron West, Abbotsford, and Hepburn projects in Ontario.
• Community Benefits: Includes employment, training, and business opportunities for the AAN, plus a community fund contribution proportional to exploration expenditures within AAN's traditional territory.
• Land Package: The Ontario projects span a district-scale 436.78 square kilometres, covering a 60-kilometre strike length of the Abitibi greenstone belt in the Hearst Cochrane Kapuskasing district.
• Permitting & Exploration Status: Ontario government permitting is progressing; the company anticipates mobilizing in the near term to initiate an aggressive exploration program.
• First Nation Support: The AAN has formally confirmed support to the Ontario Ministry of Mines, endorsing the company's maiden exploration program ahead of permit issuance.
• Consolidated Footprint: When combined with the 100%-owned Perron project in Quebec (65.75 sq km), the total consolidated land package spans 502.53 square kilometres, situated in highly prospective geology for high-grade gold and VMS mineralization.
• Infrastructure & Location: The Perron project benefits from year-round road access, is 30 minutes from an airport, 6.5 km from Normetal, and near several major gold producer process plants.

Notable Quotes

• Victor Cantore, President & CEO: "We are extremely pleased with the strong and constructive collaboration we've built with the AAN. Expanding our project portfolio last year through a series of strategic land acquisitions was a transformative step for the company, securing highly prospective ground with exceptional potential for both gold and VMS mineralization."
• Victor Cantore, President & CEO: "The signing of this agreement represents a major milestone in unlocking the value of the Perron West property and advancing what we believe is a highly compelling exploration opportunity. With permitting from the Ontario government progressing, we anticipate mobilizing in the near term and initiating an aggressive exploration program."
• Victor Cantore, President & CEO: "We are enthusiastic about the potential of Perron West and look forward to delivering meaningful results as we continue to execute on our growth strategy and build long-term value for our shareholders and the communities in which we operate."