Announcement • Jul 07
Amex Gold Mining Inc. Advances Construction and Development Activities for Perron Gold Project Bulk Sample Program Amex Gold Mining Inc. provided an update on ongoing construction and development activities related to the 40,000-tonne underground bulk sample program at its wholly-owned Perron Gold Project located in the Abitibi region of Quebec. Construction activities across the site are progressing steadily. Multiple infrastructure pads have now been completed or are nearing completion, providing the foundation for key operational facilities required to support the bulk sample program. Temporary office facilities, site services, and supporting infrastructure are also being installed as mobilization activities accelerate. The water treatment plant has arrived on site and installation activities are underway. The water treatment plant represents a key component of the project's environmental management strategy and has been designed to support responsible water handling throughout the execution of the bulk sample program. Commissioning activities are expected to take place over the coming weeks. Amex has selected the contractor that will be responsible for the construction of the underground portal, representing another key milestone. Mobilization activities are currently underway, with construction of the portal planned to commence during the week of July 6, 2026. The portal will provide the initial access required for underground development and execution of the 40,000-tonne bulk sample program. Following a competitive tender process involving three qualified mining contractors, Amex has completed its technical, commercial, and operational evaluation. The Company is currently engaged in contract negotiations with its preferred contractor and expects to provide further details once negotiations are finalized. Mobilization of the underground mining contractor remains planned for late July 2026, supporting the Company's development schedule for the bulk sample program. Work associated with the project's permanent electrical infrastructure continues to advance. Connection to Hydro-Québec's hydro-electric grid infrastructure is anticipated later in 2026 /early 2027 and is expected to significantly reduce the project's environmental footprint while supporting future development activities. Recruitment and contractor mobilization activities are also progressing, with several key personnel and service providers now engaged to support site construction, environmental management, and future underground operations. The Perron bulk sample program will involve the development, mining, and processing of approximately 40,000 tonnes of material from the Champagne Zone and is expected to provide valuable technical, operational, and economic information to support future project development decisions. The technical information in this news release has been reviewed and approved by Aaron Stone, P.Geo (OGQ - 2170, PGO - 3708), Vice President Exploration of the Company. Announcement • Jun 19
Amex Exploration Inc. announced that it has received CAD 73.164601 million in funding from Eldorado Gold Corporation On June 18, 2026, the Amex Exploration Inc closed the transaction by issuing 4,581,567 common shares at an issue price of CAD 4.5 for the proceeds of CAD 20,617,051.50 under the final tranche of brokered offering. As consideration for their services in connection with the Final Tranche, the Company paid the Agents a cash commission equal to CAD 1,030,852.58. Eldorado Gold Corporation participated for CAD 20,617,051.50 New Risk • Jun 04
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Revenue is less than US$1m. 
