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Amex Exploration Announces $4.0 Million Private Placement with Investment from Eric Sprott and Eldorado Gold

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Mining,Finance,Exploration

Amex Exploration Inc. is pleased to announce a non-brokered private placement financing for gross proceeds of up to $4.0 million. The Company will issue 2,857,143 units at a price of C$1.40 per unit.

Amex Exploration Announces $4.0 Million Private Placement with Investment from Eric Sprott and Eldorado Gold") of the Company. Each Warrant will be exercisable to acquire one Common Share for a period of 24 months following the Closing Date of the Offering at an exercise price of C$1.40 per common share, subject to adjustment in certain events.

There is an offering document related to the Offering that can be accessed under the Company's issuer profile on SEDAR+ atThe Company will use the proceeds of the Offering to fund the advancement of the Company's Preliminary Economic Study on its wholly owned 100% owned high-grade Perron Gold Project and general working capital purposes. The Company is well funded for its current exploration program.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.This news release contains forward-looking statements.

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