High Grade Zone At The Perron Gold Project

MONTREAL - Amex Exploration Inc. reported number of drill results focused on definition of the High Grade Zone (HGZ) and the Denise Zone of the Eastern Gold Zone (EGZ) of the Perron Gold Project, Quebec. Results significantly expand upon and confirm expectations of the large zones of broad near-surface gold mineralization and continuity of Denise as Amex works to drill off its maiden resource on the Perron Project. Highlights: High Grade Zone 7.10 g/t Au over 8.25 meters at a vertical depth of approximately 1,180 meters in hole PE-20-210W3, and 10.63 g/t Au over 9.65 meters at a vertical depth of approximately 560 meters in hole PE-21-245; Denise Zone - 1.44 g/t Au over 88.00 meters at a vertical depth between approximately 150 and 210 meters in hole PE-21-237, and 1.57 g/t Au over 23.75 meters at a vertical depth between approximately 30 and 45 meters in hole PE-21-244.

Jacques Trottier, Executive Chairman, said, "As we continue to advance towards our property-wide maiden resource, definition and confirmation drilling continues to meet and exceed our expectation of a highly predictable and continuous gold system. At the High Grade Zone, we have defined gold mineralization from near surface to greater than 1,250 m depth and are seeing remarkable continuity of the high grade mineralization. At Denise, we continue to expand upon a broad zone of gold mineralization that is indicating open pit potential. Drilling on the project is going very well, with a number of drill rigs dedicated to expansion and definition drilling and also a very significant regional exploration program underway. Due to Covid-19 related delays, we are waiting on a large volume of assay samples but I am very excited to receive a number of these results owing to visual observations made in drill core."