Announcement • 19h

Amex Gold Mining Announces Discovery of New Gold Zone At Perron Project

Amex Gold Mining Inc. announced the discovery of a new gold zone, to be named the Rosé Zone, at the Perron Project in the northwestern Abitibi region of Quebec. The newly identified zone of mineralization commences approximately 165 m directly below the ramp development currently being advanced for the ongoing bulk sample and the planned future mine. The Rosé Zone provides Amex with an opportunity to continue to add important, accretive ounces to the project. The zone has seen minimal drilling with one of the deepest holes drilled, PE-26-950 at 410 m, containing VG ('visible gold'), leaving the zone open at depth for expansion. Drill highlights from the Rosé Zone include: 8.02 g/t Au over 4.30 m including 23.93 g/t Au (and 8.80 g/t Ag) over 1.15 m at a vertical depth of ~210 m in hole PE-26-934; 11.78 g/t Au over 1.80 m including 30.86 g/t Au (and 4.70 g/t Ag) over 0.65 m at a vertical depth of ~290 m in hole PE-26-908; 10.94 g/t Au over 1.20 m including 21.22 g/t Au (and 4.30 g/t Ag) over 0.55 m at a vertical depth of ~280 m in hole PE-25-878. The discovery of the Rosé Zone in close proximity to the planned underground infrastructure is beneficial to Amex for multiple reasons: Exploration Savings - Potential to drill for the extensions of the new zone at depth from the ongoing underground development, Limited underground development would be needed in the future mine plan to reach the new zone, considering its proximity to underground development currently in progress. The new zone can be traced for 275 m of vertical extension and 70 m of strike length and remains open in multiple directions. Table 1: Assay results from the new discovery Rosé Zone. Hole ID PE-25-878: 269.80-270.30 m, 0.50 m, 4.14 g/t Au, 2.70 g/t Ag, ~235 m vertical depth; 322.00-323.20 m, 1.20 m, 10.94 g/t Au, 2.73 g/t Ag, ~280 m vertical depth, including 322.00-322.55 m, 0.55 m, 21.22 g/t Au, 4.30 g/t Ag; PE-26-892: 296.30-297.50 m, 1.20 m, 0.55 g/t Au, 0.40 g/t Ag, ~260 m vertical depth; 337.00-338.50 m, 1.50 m, 0.55 g/t Au, 0.10 g/t Ag, ~295 m vertical depth; 361.00-362.50 m, 1.50 m, 1.46 g/t Au, 0.20 g/t Ag, ~315 m vertical depth; 393.75-394.30 m, 0.55 m, 10.76 g/t Au, 2.20 g/t Ag, ~345 m vertical depth; PE-26-907: 265.00-265.50 m, 0.50 m, 0.61 g/t Au, 0.10 g/t Ag, ~220 m vertical depth; 304.00-304.50 m, 0.50 m, 1.13 g/t Au, 0.20 g/t Ag, ~250 m vertical depth; 323.60-324.10 m, 0.50 m, 0.96 g/t Au, 0.50 g/t Ag, ~270 m vertical depth; 381.50-383.00 m, 1.50 m, 0.99 g/t Au, 0.40 g/t Ag, ~315 m vertical depth; PE-26-908: 6.70-7.40 m, 0.70 m, 1.06 g/t Au, 0.10 g/t Ag, ~5 m vertical depth; 175.25-175.75 m, 0.50 m, 0.76 g/t Au, 0.10 g/t Ag, ~155 m vertical depth; 273.85-274.40 m, 0.55 m, 0.74 g/t Au, 2.10 g/t Ag, ~245 m vertical depth; 277.00-277.50 m, 0.50 m, 0.55 g/t Au, 1.40 g/t Ag, ~245 m vertical depth; 323.20-325.00 m, 1.80 m, 11.78 g/t Au, 2.40 g/t Ag, ~290 m vertical depth, including 323.20-323.85 m, 0.65 m, 30.86 g/t Au, 4.70 g/t Ag; 332.00-335.05 m, 3.05 m, 1.46 g/t Au, 0.32 g/t Ag, ~295 m vertical depth, including 332.00-332.60 m, 0.60 m, 5.34 g/t Au, 0.70 g/t Ag, including 333.10-335.05 m, 1.95 m, 0.56 g/t Au, 0.27 g/t Ag; 363.80-364.30 m, 0.50 m, 0.64 g/t Au, 0.20 g/t Ag, ~325 m vertical depth; PE-26-930: 138.25-138.75 m, 0.50 m, 4.66 g/t Au, 0.70 g/t Ag, ~130 m vertical depth; 473.60-474.30 m, 0.70 m, 0.64 g/t Au, 0.10 g/t Ag, ~440 m vertical depth; 484.20-485.70 m, 1.50 m, 0.63 g/t Au, 0.30 g/t Ag, ~450 m vertical depth; PE-26-934: 229.40-229.90 m, 0.50 m, 7.68 g/t Au, 0.90 g/t Ag, ~190 m vertical depth; 253.70-258.00 m, 4.30 m, 8.02 g/t Au, 2.72 g/t Ag, ~210 m vertical depth, including 253.70-254.85 m, 1.15 m, 23.93 g/t Au, 8.80 g/t Ag, including 256.00-257.00 m, 1.00 m, 5.42 g/t Au, 0.80 g/t Ag; 262.60-263.10 m, 0.50 m, 0.56 g/t Au, 0.40 g/t Ag, ~215 m vertical depth; 325.35-325.85 m, 0.50 m, 2.51 g/t Au, 0.20 g/t Ag, ~265 m vertical depth; 380.20-381.00 m, 0.80 m, 0.55 g/t Au, 0.20 g/t Ag, ~310 m vertical depth; 415.70-416.20 m, 0.50 m, 8.30 g/t Au, 0.40 g/t Ag, ~340 m vertical depth; PE-26-938: 79.60-80.50 m, 0.90 m, 1.07 g/t Au, 0.10 g/t Ag, ~60 m vertical depth (Alizée Zone); 241.00-242.50 m, 1.50 m, 0.51 g/t Au, 0.20 g/t Ag, ~180 m vertical depth (Rosé Zone); PE-26-940: 103.00-104.00 m, 1.00 m, 13.23 g/t Au, 0.20 g/t Ag, ~95 m vertical depth; 256.95-261.40 m, 4.45 m, 1.45 g/t Au, 0.90 g/t Ag, ~240 m vertical depth, including 256.95-258.45 m, 1.50 m, 2.46 g/t Au, 1.90 g/t Ag; 275.70-276.20 m, 0.50 m, 0.56 g/t Au, 0.60 g/t Ag, ~255 m vertical depth; 306.20-307.70 m, 1.50 m, 2.24 g/t Au, 0.10 g/t Ag, ~285 m vertical depth; 441.90-447.30 m, 5.40 m, 0.58 g/t Au, 0.11 g/t Ag, ~410 m vertical depth, including 441.90-442.40 m, 0.50 m, 1.52 g/t Au, 0.20 g/t Ag, including 445.80-447.30 m, 1.50 m, 1.07 g/t Au, 0.10 g/t Ag; 453.70-455.20 m, 1.50 m, 6.01 g/t Au, 0.57 g/t Ag, ~420 m vertical depth; 476.50-477.00 m, 0.50 m, 2.42 g/t Au, 0.10 g/t Ag, ~440 m vertical depth; PE-26-946: 198.15-198.65 m, 0.50 m, 0.91 g/t Au, 0.10 g/t Ag, ~175 m vertical depth; PE-26-950: 282.85-283.35 m, 0.50 m, 1.29 g/t Au, 0.90 g/t Ag, ~250 m vertical depth; 460.25-462.50 m, 2.25 m, 2.81 g/t Au, 1.92 g/t Ag, ~410 m vertical depth, including 461.70-462.50 m, 0.80 m, 6.43 g/t Au, 0.60 g/t Ag.

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