MARKET WIRE NEWS

Amex Exploration Completes Acquisition of Abbotsford and Hepburn Projects

MWN-AI** Summary

Amex Exploration Inc. has successfully completed its acquisition of a 100% undivided interest in the Abbotsford and Hepburn Projects, which comprise 324 non-contiguous mining claims over an area of 8,392.92 hectares located in Ontario. This significant transaction, formalized through a definitive asset purchase agreement with an arm's length vendor, was initially announced on December 1, 2025.

Amex is recognized for its high-grade gold discoveries, alongside copper-rich volcanogenic massive sulphide (VMS) zones, particularly at its Perron Gold Project situated about 110 kilometers north of Rouyn-Noranda, Quebec. This project encompasses 183 contiguous claims covering a surface area of 65.75 square kilometers and showcases both bulk-tonnage and high-grade gold mineralization.

The recent acquisition expands Amex's landholdings significantly, allowing the company to consolidate its properties into a district-scale land package totaling 501.08 square kilometers when combined with adjacent projects, including the Perron West Project and claims acquired through staking in Ontario. This larger property is situated in a geologically favorable region conducive to both high-grade gold and VMS mineralization.

The infrastructure surrounding these projects is robust, with year-round road access, proximity to an airport just 30 minutes away, and being located approximately 6.5 kilometers from the Town of Normétal. Amex’s strategic location is further enhanced by its closeness to several processing plants owned by major gold producers, thereby positioning the company well to leverage these assets for development and exploration opportunities.

For further inquiries, Victor Cantore, the President and CEO of Amex Exploration, can be contacted directly.

MWN-AI** Analysis

Amex Exploration Inc.’s recent acquisition of the Abbotsford and Hepburn Projects marks a significant move to enhance its portfolio in Ontario's mineral-rich landscape, thereby positioning the company favorably for future growth. With the expansion of the land to a sprawling 501.08 km², Amex now encompasses a diverse mineralization environment that may yield both high-grade gold and copper-rich volcanogenic massive sulphide (VMS) deposits.

This expanded land package strengthens Amex's competitive edge, particularly in light of the current bullish trends surrounding gold commodities, driven by macroeconomic uncertainties and inflationary pressures that typically boost the demand for safe-haven assets. The strategic acquisition aligns well with Amex's previous successes at the Perron Gold Project, where substantial gold discoveries have already been recorded. This not only increases the company's potential resource base but also enhances its attractiveness to investors looking for exposure to the mineral sector, particularly in high-demand commodities like gold and copper.

From a market perspective, prospective investors should consider the operational synergies that could arise from integrating the new properties. The excellent infrastructure surrounding these projects, including proximity to processing plants and accessibility to transport routes, could further streamline operational efficiencies and lower production costs. Moreover, with ongoing exploration and development efforts, there is potential for a meaningful increase in mineral reserves, which could drive future revenue growth.

However, investors should remain vigilant about the inherent risks, such as fluctuations in commodity prices and the regulatory environment surrounding mining operations. Monitoring further developments, including exploration results and resource updates, will be essential for gauging Amex’s performance and long-term viability. Overall, this acquisition is a positive development for Amex Exploration, potentially leading to a robust investment opportunity in the mining sector.

**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.

Source: Newsfile

Montreal, Quebec--(Newsfile Corp. - December 16, 2025) - Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) ("Amex" or "the Company") is pleased to announce the closing of its acquisition (the "Transaction") of a 100% undivided interest in the 324 non-contiguous mining claims comprising 8,392.92 hectares in the Abbotsford and Hepburn Townships in the province of Ontario. The Transaction was completed pursuant to the terms and conditions of the definitive asset purchase agreement entered into between the Company and an arm's length vendor, previously announced on December 1, 2025.

About Amex Exploration Inc.

Amex Exploration Inc. has made significant high-grade gold discoveries, along with copper-rich volcanogenic massive sulphide (VMS) zones, at its 100%-owned Perron Gold Project, located approximately 110 kilometres north of Rouyn-Noranda, Quebec. The Perron Project in Quebec consists of 183 contiguous claims for a surface area of 65.75 km². The project hosts both bulk-tonnage and high-grade gold mineralization styles.

When combined with the adjacent and contiguous Perron West Project and Abbotsford and Hepburn Projects (including additional claims acquired through staking) in Ontario, the consolidated land package spans a district-scale 501.08 km². This extensive property lies within highly prospective geology favourable for both high-grade gold and VMS mineralization.

The Project benefits from excellent infrastructure: it is accessible by a year-round road, located just 30 minutes from an airport, and approximately 6.5 km from the Town of Normétal. It is also in close proximity to several process plants owned by major gold producers.

For further information, please contact:

Victor Cantore
President and Chief Executive Officer
Tel: +1-514-866-8209

Neither the 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278249

FAQ**

How does the completion of the acquisition by Amex Exploration Inc. (AMX:CC) of 324 non-contiguous mining claims in Ontario impact its existing gold projects in Quebec?

The acquisition of 324 non-contiguous mining claims in Ontario by Amex Exploration Inc. strategically diversifies its asset portfolio, potentially enhancing its valuation and resources while allowing the company to leverage synergies in exploration and development alongside its Quebec gold projects.

Can you elaborate on the potential geological advantages that the consolidated land package of Amex Exploration Inc. (AMX:CC) in Ontario and Quebec presents for gold and VMS mineralization?

The consolidated land package of Amex Exploration Inc. offers significant geological advantages for gold and VMS mineralization due to its location in prolific mineral belts within Ontario and Quebec, characterized by favorable structures, rich ore systems, and historical mining activity.

What steps is Amex Exploration Inc. (AMX:CC) taking to optimize its mining infrastructure, particularly considering the proximity of the Perron Gold Project to major processing plants in Quebec?

Amex Exploration Inc. is enhancing its mining infrastructure by leveraging its Perron Gold Project's proximity to major processing plants in Quebec to streamline operations, reduce costs, and improve overall project efficiency.

How will the strategic acquisition and expansion of Amex Exploration Inc. (AMX:CC) influence its exploration and development strategy over the coming years in the context of Quebec's mining landscape?

The strategic acquisition and expansion of Amex Exploration Inc. (AMX:CC) will enhance its exploration and development strategy by increasing resource potential and operational capacity, positioning the company to capitalize on Quebec's rich mining landscape and supportive regulatory environment.

**MWN-AI FAQ is based on asking OpenAI questions about Amex Exploration Inc. (OTC: AMXEF).

Amex Exploration Inc.

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