Mr. Victor Cantore reports

AMEX EXPLORATION ANNOUNCES UPSIZE TO PRIVATE PLACEMENT

Further to its press releases dated Oct. 1, 2024, and Oct. 7, 2024, Amex Exploration Inc. has upsized its non-brokered private placement to up to 5,734,000 units of the company at a price of $1.15 per unit for aggregate proceeds of $6,594,100.

Each unit will consist of one common share and one-half common share purchase warrant 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 $1.40 per common share, subject to adjustment in certain events.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 -- Prospectus Exemptions, the units will be offered for sale to purchasers resident in Canada and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106. Because the offering is being completed pursuant to the listed issuer financing exemption, the units issued pursuant to the offering will not be subject to a hold period, pursuant to applicable Canadian securities laws.

The company has filed an amended and restated offering document dated Oct. 17, 2024 (amending and restating the offering documents dated Oct. 1, 2024, and Oct. 7, 2024), which can be accessed under the company's issuer profile on SEDAR+ and on the company's website. Prospective investors should read the amended and restated offering document before making an investment decision. The amended and restated offering document amends the offering document to reflect the increased size of the offering, including the revised use of proceeds and use of available funds.

The company will use the proceeds of the offering to finance the advancement of the company's preliminary economic assessment on its 100-per-cent-owned, high-grade Perron gold project and for general working capital purposes. The company is well financed for its current exploration program.

The offering is scheduled to close on or about Oct. 18, 2024, and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.

About Amex Exploration Inc.

Amex Exploration has made significant gold discoveries on its 100-per-cent-owned, high-grade Perron gold project, located approximately 110 kilometres north of Rouyn-Noranda, Que., consisting of 117 contiguous claims covering 4,518 hectares. The project is well serviced by existing infrastructure, on a year-round road, 10 minutes from an airport and just outside the town of Normetal (approximately eight km). In addition, the project is in close proximity to a number of major gold producers' milling operations. The project hosts both bulk-tonnage and high-grade gold mineralization. Since January, 2019, Amex has intersected significant gold mineralization in multiple gold zones and discovered copper-rich volcanogenic massive sulphide zones.

We seek Safe Harbor.