AMX Amex Exploration Inc

Amex Exploration Inc. (TSX VENTURE:AMX) ("Amex" or the "Corporation") is pleased
to announce that it has granted Agnico Eagle Mines Limited ("Agnico"), an option
to acquire an undivided 51% interest in the Perron property (the "Option"). 


The Perron gold project is located at about 5 km NW from Normetal mine-town in
the Abitibi region of Quebec and is easily accessible by road network.
Geologically, the project is located in the Archean Greenstone Belt of the
Superior Lake structural province. 


In consideration for such Option, Amex will receive cash payments of $450,000
over a three year period and Agnico will have to spend $4,500,000 in exploration
expenses on the Perron property over a three year period and will invest
$400,000, by way of private placement in Amex. 


The first cash payment of $45,000 to be paid in full at closing, the work
expenditures of $450,000 to take place before December 31, 2013 and the private
placement of $400,000 are firm commitments and are binding on Agnico.


Subsequent cash payments of $100,000, $135,000 and $170,000 are to be,
respectively, made prior to June 21, 2014, 2015 and 2016. Subsequent work
expenditures of $1,000,000, $1,350,000 and $1,700,000 are to be made prior to
December 31, 2014, 2015 and 2016. Agnico may, at its discretion, increase the
rate of the payments and the work on the property. Agnico will not acquire any
rights on the Perron property if it does not comply with all of the cash payment
and work expenditure requirement.


Pursuant to the earn-in phase, the parties shall establish a joint operating
agreement for the further development of the property which will provide that
Agnico may increase its interest of 51% to a maximum of 65% during a 3 year
period, by investing up to $8 Million in additional exploration expenditures and
/or solely financing a feasibility study.


Jacques Trottier, PhD, President and CEO of Amex Exploration comments, "We are
very pleased to have Agnico Eagle as our partner in the Perron Property. Agnico
Eagle has a renowned expertise in this type of gold mineralisation that we just
discovered, and this agreement demonstrate the recognition of the real potential
of this promising new gold-rich polymetallic mineralization at Perron. I am
looking forward to see Agnico Eagle resuming the work on the property shortly
after the transaction in completed".


Amex Exploration Inc. is a junior mining exploration company listed on the TSX
Venture Exchange whose primary objective is to develop and bring into production
viable gold and base metal deposits.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Pierre Carrier
514-866-8209

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