Amex Exploration Inc. announced and discuss results from its property-wide regional exploration campaign on Perron, including two geochemical surveys and exploration diamond drilling. Both the regional drilling and geochemical surveys successfully identified significant targets for follow-up in areas that have seen little to no drilling by Amex or previous operators. Amex plans to expand and tighten up the spacing of its geochemical dataset, and conduct follow-up drilling on these new targets over the coming months.

Geochemical Exploration Programs Generate both Gold and VMS Targets. Ionic Leach Geochemical Soil Survey. In the fall of 2022, Amex, in conjunction with Vision Geochemistry and Laurentia Exploration, conducted an Ionic Leach geochemical soil survey, covering approximately two thirds of the Perron property.

The soil samples were analyzed by the Ionic LeachTM method (ALS Global), which measures the concentration of metal ions in soil. The Ionic Leach method aims to detect mineralization through deep overburden coverage. Geochemical anomalies sourced from ore-grade mineralization often present sharp and high-amplitude signals, which are ideal for drill targeting.

The survey was designed to focus with higher resolution over the Beaupre Block and along the Normetal Mine Horizon, and with lower resolution over the Normetal Volcanic Complex and the Normetal Southern Block. The results for zinc and gold from the Ionic Leach survey. The Ionic Leach survey highlights a significantly large zinc anomaly (approx.

600m by approx. 300m) along the eastern portion of the Normetal Mine Horizon.