AMX Amex Exploration Inc

Amex Exploration Inc. (TSX VENTURE:AMX) ("Amex" or the "Corporation") is pleased
to announce that it has closed a non-brokered private placement of an aggregate
amount of $540,000.00, through the sale of "A" & "B" units respectively prices
at 1,440.00$ and 360.00$ each. 


The securities issued pursuant to the sale of the "A" units are: 2,400,000
flow-through common shares, priced at $0.18 each, and 1,200,000 common share
purchase warrants ("Warrant A"). Each Warrant A entitles the holder to purchase
one additional common share, at a price of $0.25 each, for a period of 18 months
following the closing date. 


The securities issued pursuant to the sale of the "B" units are: 600,000 common
shares priced at $0.18 each and 300,000 common share purchase warrants ("Warrant
B"). Each Warrant B entitles the holder to acquire one additional common share
at $0.25 per share, for a period of 18 months following the closing date.


In connection with the Private Placement, Amex paid a Finder's fee in the amount
of $37,800.00 and issued 210,000 finder's warrants. Each finder's warrant
entitles the holder to purchase one common share, at a price of $0.18, for a
period of 18 months following the closing date.


The net proceeds from the sale of the flow-through shares will be used to
finance the Corporation's exploration program on its properties located in the
Province of Quebec, and the net proceeds from the sale of the common shares will
be used by the Corporation for general working capital purposes.


All securities issued pursuant to the Private Placement are subject to a 4-month
and one day hold period. The Private Placement is subject to the receipt of all
necessary regulatory approvals, including the final approval of the TSX Venture
Exchange.


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: 
Amex Exploration Inc.
Jacques Trottier or
Pierre Carrier
514-866-8209

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