Mr. Victor Cantore reports

AMEX EXPLORATION SUBMITS UNDERGROUND BULK SAMPLE PERMIT APPLICATION FOR PERRON

Amex Exploration Inc. has submitted a ministerial authorization request under Section 22, Paragraph 1 (2 to 5), of Quebec's Environment Quality Act (EQA) for the execution of an underground bulk sampling program at its Perron gold project, located near Normetal in the Abitibi-Temiscamingue region. To meet regulatory requirements, Amex has retained Norda Stelo, a recognized engineering firm, to conduct the environmental studies and prepare the application package.

The underground bulk sample will be collected at a vertical depth of approximately 230 metres and will focus on the Champagne and the Denise zones, two of the main orebodies on the Perron property. The bulk sample will aim to enhance the geological comprehension of the ore zones, validate parameters used in the resource estimate, confirm mining concepts and obtain mineralized material for large mineral processing and testing purposes. This program will derisk the development of the Perron project, from a geological, technical and financial perspective.

The application package was submitted to the Ministry of the Environment, the Fight Against Climate Change, Wildlife and Parks (MELCCFP), and to Ministry of Natural Resources and Forests (MRNF).

Subject to approval and receipt of the requisite permits from Quebec government agencies, Amex expects to commence work in Q1 2026. Approximately 15 months of mine preparation and development will be required before accessing the mineralized material for bulk sampling. The mineralized material will then be mined and sent to a processing plant, using haul trucks.

About Amex Exploration Inc.

Amex Exploration has made significant high-grade gold discoveries, along with copper-rich volcanogenic massive sulphide (VMS) zones, at its 100-per-cent-owned Perron gold project, located approximately 110 kilometres north of Rouyn-Noranda, Que. The project comprises 117 contiguous claims (45.18 square km) and hosts both bulk-tonnage and high-grade gold mineralization styles.

When combined with the adjacent Perron West project -- which includes 48 claims (17.37 square kilometres) in Quebec and 35 claims (134.55 square km) in Ontario -- the consolidated land package spans a district-scale 197.52 square km. This extensive property lies within highly prospective geology favourable for both high-grade gold and VMS mineralization.

The project benefits from excellent infrastructure: it is accessible by a year-round road, located just 20 minutes from an airport and approximately eight km from the town of Normetal. It is also in close proximity to several milling operations owned by major gold producers.

We seek Safe Harbor.