Turns into one of many largest land holders within the Abitibi area – holds 70 km alongside strike of Normétal-Burntbush greenstone belt
Amex Exploration Inc. (TSXV: AMX,OTC:AMXEF) (FSE: MX0) (OTCQX: AMXEF) (“Amex” or “the Firm”) is happy to announce that it has entered into an asset buy settlement (the “APA”) with an arm’s size vendor to accumulate two initiatives instantly adjoining to the prevailing Amex land package deal, individually named the Abbotsford Undertaking and the Hepburn Undertaking (the “Transaction”). Along with these acquisitions, the Firm has acquired, by means of declare staking, the continuation of those greenstone belts, and now controls roughly 70 km of strike size of the prolific Abitibi greenstone belt (see Determine 1). When mixed with the prevailing land holdings of Perron and Perron West, the Firm will enhance its footprint from 19,972 hectares (199.72 km2) to 50,108 hectares (501.08 km2).
Amex has prolonged its holdings to the northwest alongside the Normétal-Burntbush greenstone belt, which hosts Perron’s 2.3 million ounce useful resource (see press launch dated Could 21, 2025).
Particulars of the acquisitions and declare staking are as follows:
- The Abbotsford Undertaking consists of 242 claims for a complete of 6,253.47 hectares;
- The Hepburn Undertaking consists of 82 claims for a complete of two,139.45 hectares;
- 890 claims acquired although staking for the continuation of the Abbotsford mission for a complete of 18,753.17 hectares; and
- 141 claims acquired by means of declare staking for the continuation of the Hepburn mission, for a complete of two,990.16 hectares.
Victor Cantore, President & CEO of Amex Exploration commented, “Based mostly on our intensive exploration of the Perron property, we see the Normétal-Burntbush greenstone belt, which adjoins the Casa Berardi deformation zone to the northwest, as being extraordinarily potential for future gold and VMS discoveries. With these acquisitions, now we have constructed a really district scale land package deal which is managed by one firm, hardly ever seen within the Abitibi area. The Normétal-Burntbush greenstone belt stays closely underexplored for gold, whereas holding a number of historic showings that by no means had substantial follow-up work. It is usually thrilling to now maintain land adjoining the Casa Berardi break, which additionally comprises necessary fertile buildings that warrant additional work.”
The Amex land package deal now neighbours Agnico Eagle’s Abitibi properties alongside the Casa Berardi break in Ontario. As may be seen in Determine 1, Agnico’s mission holds a number of gold showings alongside a NE-SW strike, of which any potential continuation of mineralization can be trending in direction of the brand new Amex claims. The Firm appears ahead to designing an preliminary exploration program on this underexplored package deal.
Along with the continuation of the Normétal-Burntbush greenstone belt, the Firm additionally acquired the Hepburn Undertaking, and staked claims additional to the west. The Hepburn Undertaking comprises mafic to intermediate metavolcanic rocks that maintain quite a few gold and copper showings which warrant additional exploration work (See Determine 1).
Amex envisages that any future discoveries made on the brand new land package deal would have synergies with the proposed mine infrastructure on the Perron Undertaking in Quebec (see up to date PEA press launch dated September 4, 2025 for extra data).
Determine 1: Geological map of the Normétal-Burntbush greenstone belt adjoining the Casa Berardi deformation zone, displaying the Perron and Perron West Initiatives in addition to Amex’s newly acquired and staked floor.
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Transaction Particulars
The Firm, as purchaser, entered into the APA with an arm’s size vendor to accumulate the Abbotsford Undertaking and the Hepburn Undertaking (collectively, the “Properties“). Pursuant to the APA, the Firm will:
(i) pay to the seller combination money consideration of $150,000;
(ii) situation to the seller a complete of 600,000 frequent shares (every, a “Share“) in capital of the Firm, topic to sure contractual resale restrictions offering for a staggered launch of the Shares from escrow over a 36-month interval;
(iii) grant to the seller a 0.5% gross overriding royalty in respect of the Abbotsford Undertaking and the Hepburn Undertaking pursuant to the phrases and situations of a gross overriding royalty settlement to be entered into between the Firm and the seller on closing; and
(iv) make the next extra milestone funds to the seller:
(a) an extra $1,000,000, to be happy in money, payable upon the Firm disclosing a mineral useful resource and/or mineral reserve (of any class or any mixture of classes) in respect of the Properties delineating at the least a million ounces of gold and/or gold equal; and
(b) an extra $500,000, to be happy in money, payable upon the Firm disclosing apreliminary financial evaluation, pre-feasibility research or a feasibility research in respect of the Properties, as these phrases are outlined in Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Initiatives.
The Properties are at present topic to an present 1.5% internet smelter returns royalty in favour of Gravel Ridge Sources Ltd. and 1544230 Ontario Inc., which might be assumed by Amex on closing. Accordingly, upon closing, the Properties might be topic, in combination, to a 1.5% NSR and an extra 0.5% gross overriding royalty.
The Transaction stays topic to a lot of closing situations and post-closing obligations, together with, the execution of the Royalty Settlement and sure deeds and devices of conveyance, the approval of the TSX Enterprise Trade, and customary closing situations for transactions of this nature.
Certified Individuals and QAQC
The technical data on this information launch has been reviewed and accredited by Aaron Stone, P. Geo. (OGQ 2170 and PGO 3708) for the properties in Ontario and Jérôme Augustin P.Geo. Ph.D., (OGQ 2134) for the Perron Undertaking in Quebec (collectively, the “Certified Individuals“).
The potential grades of exploration targets mentioned on this information launch are conceptual in nature. The Certified Individuals haven’t accomplished adequate work to confirm historic data on the Properties and it’s unsure if additional exploration will lead to any targets being delineated as a mineral useful resource. The Firm has not independently verified and can’t assure the accuracy or completeness of any third-party knowledge mentioned on this information launch and traders ought to use warning in putting reliance on such data. The data gives a sign of the exploration potential of the Properties however might not be consultant of anticipated outcomes.
About Amex
Amex Exploration Inc. has made vital high-grade gold discoveries, together with copper-rich volcanogenic large sulphide (VMS) zones, at its 100%-owned Perron Gold Undertaking, situated roughly 110 kilometres north of Rouyn-Noranda, Quebec. The Perron Undertaking in Quebec consists of 183 contiguous claims for a floor space of 65.75 km². The mission hosts each bulk-tonnage and high-grade gold mineralization kinds.
When mixed with the adjoining and contiguous Perron West Undertaking in Ontario, which incorporates 35 claims (33 multi-cell and a couple of single cell claims) for 134.55 km², the consolidated land package deal spans a district-scale 200.30 km². This intensive property lies inside extremely potential geology beneficial for each high-grade gold and VMS mineralization.
The Undertaking advantages from glorious infrastructure: it’s accessible by a year-round street, situated simply half-hour from an airport, and roughly 6.5 km from the City of Normétal. It is usually in shut proximity to a number of course of vegetation owned by main gold producers.
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Neither the TSX Enterprise Trade nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts accountability for the adequacy or accuracy of this launch.
Ahead-looking statements
This information launch comprises forward-looking statements. All statements, apart from of historic information, that handle actions, occasions or developments that the Firm believes, expects or anticipates will or could happen sooner or later together with, with out limitation, deliberate exploration applications, the anticipated optimistic exploration outcomes, the extension of mineralized zones, the power of the Firm to proceed with exploration applications, the provision of the required funds to proceed with the exploration, the Firm’s plans for additional drilling and exploration, the Firm’s potential to acquire all required approvals to finish the Transaction, and potential mineralization or potential mineral assets are forward-looking statements. Ahead-looking statements are typically identifiable by use of the phrases “will”, “ought to”, “proceed”, “count on”, “anticipate”, “estimate”, “consider”, “intend”, “to earn”, “to have’, “plan” or “mission” or the detrimental of those phrases or different variations on these phrases or comparable terminology. Ahead-looking statements are topic to a lot of dangers and uncertainties, a lot of that are past the Firm’s potential to regulate or predict, which will trigger the precise outcomes of the Firm to vary materially from these mentioned within the forward-looking statements. Elements that would trigger precise outcomes or occasions to vary materially from present expectations embrace, amongst different issues, the historic estimates could grow to be inaccurate; extra drilling and exploration could result in a willpower that there isn’t a probably viable mine plan for the Property; normal enterprise, financial, aggressive, political and social uncertainties; delay or failure to obtain board, shareholder or regulatory approvals, the likelihood that future exploration outcomes won’t be according to the Firm’s expectations, normal enterprise and financial situations, modifications in world gold markets, adequate labour and gear being accessible, modifications in legal guidelines and allowing necessities, unanticipated climate modifications, title disputes and claims, environmental dangers in addition to these dangers recognized within the Firm’s annual Administration’s Dialogue and Evaluation. Ought to a number of of those dangers or uncertainties materialize, or ought to assumptions underlying the forward-looking statements show incorrect, precise outcomes could range materially from these described and accordingly, readers shouldn’t place undue reliance on forward-looking statements. Though the Firm has tried to determine necessary dangers, uncertainties and components which may trigger precise outcomes to vary materially, there could also be others that trigger outcomes to not be as anticipated, estimated or supposed. The Firm doesn’t intend, and doesn’t assume any obligation, to replace these forward-looking statements besides as in any other case required by relevant regulation.
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