Amex Exploration – Bulk Sample Permit Imminent, Phase 1 Feasibility Study Coming in March, Ongoing Development and Exploration Work At The Perron Gold Project and Ontario Projects

Mar 11, 2026

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Victor Cantore, President and CEO of Amex Exploration Inc. (TSXV: AMX) (OTCQX: AMXEF), joins me for a comprehensive update on all the development work and exploration results that will be feeding into the upcoming bulk sample, and 2-Phase economic studies around their 100% owned high-grade Perron Gold Project located in Quebec, Canada. Additionally, we discuss the near-term exploration campaign about to begin on the expanded land package across the provincial border into Ontario, from staking claims and their 2 recent acquisitions of Perron West and the Abbotsford/Hepburn properties.

We start off getting the roadmap to the near-term trial mining of the high-grade Champagne Zone for the upcoming bulk sample. Once the permit is received in March, the plan is to mine the bulk sample material and process ~40,000 tonnes via toll-milling at a nearby plant, which should result in around 20,000-23,000 ounces of gold production.

In addition to what they will learn in the process, after investing $40 million into the bulk sample process, it should return about $80-$100 million in non-dilutive capital back, allowing for progressing right into Phase 1 toll-milling for the next several years. There will be an initial Phase 1 Feasibility Study coming out later this month, outlining the first 4+ years of moving into initial production through trucking over high-grade ore and tolling milling it at nearby plants in Quebec.

The revenues generated from these processes will fund all the exploration and development work that feeds into the Phase 2 studies; for the move into a larger production scenario processing ore right on their property. All of the data collected and information learned, in combination with with expanding resources from all the ongoing drilling will then be factored into the eventual Phase 2 Feasibility Study on the larger project; where building a processing plant on site will be released which envisions the true potential of the overall larger Project.

Recent Champagne Zone Grade Control Drill Results for the Bulk Sample:

Drill Hole # PE-19-47W1 – Intercepted 76.51 g/t Au and 7.57 g/t Ag over 6.4 meters (m), including 312.60 g/t Au and 25.85 g/t Ag over 1.55 m
Drill Hole # PE-26-894 – Intercepted 110.05 g/t Au and 7.20 g/t Ag over 2.15 m, including 233.96 g/t Au and 14.90 g/t Ag over 1.00 m
Drill Hole# PE-21-371W1 – Intercepted 52.36 g/t Au and 8.90 g/t Ag over 0.5 m

The exploration team will also be hard at work all year long in Quebec expanding and further updating their Resource Estimate; which currently hosts 2.3 million ounces of gold in all categories, with 1.615 million in Measured and Indicated, and 698,000 in Inferred. The largest portion of those resources come from the Champagne Zone, but with strong contributions from the Grey Cat, Gratien, Western Denise, and Team Zones, and all areas are still open for expansion.

The Company plans to drill 100,000 meters, from both around the known deposit at Perron, as well as their newly acquired and staked lands in Ontario, Canada. On March 2nd, they announced having entered into an Exploration Agreement with the Apitipi Anicinapek Nation ("AAN") in respect of the Company's Perron West Project and Abbotsford and Hepburn Projects located in the province of Ontario (collectively, the "Ontario Projects"). There will be plenty of drill assay news coming out to the marketplace consistently throughout 2026 as the Project resources continue to grow.*

If you have any questions for Victor regarding Amex Exploration, then please email them into me at Shad@kereport.com, and we’ll get those addressed or covered in future interviews.

In full disclosure, Shad is a shareholder of Amex Exploration at the time of this recording.

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