Amex Exploration Wins Prestigious Discovery of the Year Award from the Quebec Mineral Exploration Association

Core Points - Amex Exploration Inc. has been awarded the Discovery of the Year by the Quebec Mineral Exploration Association for its significant contributions to mineral exploration through the Perron Gold Property [1][2] - The Perron Gold Project has demonstrated strong continuity, geological significance, and compelling economic potential, leading to increased exploration activity in the region [2][3] Company Achievements - The Perron Gold Property has revealed multiple high-grade gold zones, including the Champagne Zone, which features some of the highest-grade gold intercepts reported in Canada in recent years [3][4] - The ongoing drilling and exploration at Perron indicate a robust mineralized gold system with continuity and scalability, positioning it as one of Quebec's most promising gold discoveries [4][6] Economic Potential - The updated Preliminary Economic Assessment (PEA) indicates a Gold Mineral Resource Estimate of 1.615 million ounces of Measured & Indicated at 6.14 g/t Au and 698,000 ounces of Inferred at 4.31 g/t Au [6] - The project has an Internal Rate of Return (IRR) of 148.7%, a Net Present Value (NPV) of C$3.2 billion, and a cash flow of C$5.1 billion with a payback period of only 0.2 years [6] Industry Impact - The award reflects the potential of the Perron discovery to inspire renewed exploration interest throughout the Abitibi region, reinforcing Quebec's status as a premier mining jurisdiction [3][4] - The project benefits from excellent infrastructure, being accessible by a year-round road and located near major gold producers' processing plants [11]