Amex Exploration Closes $6.59 Million Private Placement and Files Perron Gold Project Mineral Resource Estimate Report

Amex Exploration Inc. has successfully closed its non-brokered private placement, raising C$6,594,100 through the issuance of 5,734,000 units at a price of C$1.15 per unit. Each unit consists of one common share and one half of a warrant, with each whole warrant exercisable at C$1.40 for a period of 24 months.

“We are well-positioned to advance our high-grade Perron Gold Project with this successful raise, allowing us to continue exploration and economic study work,” said the team at Amex.

The funds will primarily support the ongoing development of the Company’s Preliminary Economic Study on the Perron Gold Project, along with general working capital.

The offering was conducted under the Listed Issuer Financing Exemption, which means the units are not subject to a hold period under Canadian securities laws. Some eligible finders were paid commissions totalling $34,212.50. An insider of the Company participated in the offering, acquiring 870,000 units, with Amex relying on exemptions under MI 61-101 for this related party transaction.

Additionally, Amex has filed a National Instrument 43-101 technical report for the Mineral Resource Estimate on its 100% owned Perron Gold Project in Quebec. The report, effective as of September 5, 2024, was prepared by GoldMinds Geoservices Inc. in collaboration with Laurentia Exploration Inc. The report is available on the Company’s website and on SEDAR+.

Amex’s Perron Gold Project, located 110 km north of Rouyn-Noranda, Quebec, consists of 117 contiguous claims covering 4,518 hectares. The project benefits from year-round access and proximity to major milling operations, with both bulk tonnage and high-grade gold potential identified.

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