Amex intersects copper and silver-bearing massive sulphides at Normetal property

    MONTREAL, June 14 /CNW Telbec/ - Amex Exploration Inc. (AMX: TSX-V) is
pleased to announce the results of the second phase of the drilling campaign
on the Great Plains base metal project located in the eastern part of its
wholly-owned Normetal property in the Abitibi region of Quebec. These results
include the discovery of new copper- and silver-bearing massive sulphide
mineralization that has many of the features of a typical Archean VMS
(volcanogenic massive sulphide) deposit. The best intercept in this massive
sulphide returned 0.72% Cu and 4.0 g/t Ag over 1.15 meters, including 1.83% Cu
with 7.6 g/t Ag over 0.15 meters, from hole GP2007-04.
    This program was undertaken during the second half of May 2007 and
comprised three diamond drill holes totaling 681 m as well as downhole
InfiniTEM surveys of each hole. All three holes intersected massive sulphide
    As stated in the Amex Exploration press release of January 19th, 2007,
the first phase of the company's drill program that was completed in
December 2006 targeted an untested off-hole conductor that was found by
Falconbridge Ltd. during the 1990s and that was also detected by a more recent
airborne MEGATEM survey. Three holes, GP2006-01 to GP2006-03, totaling 1091 m
and spaced at 60 m intervals were drilled from west to east along an E-W line.
Downhole InfiniTEM surveys were completed on all three holes. Although no
economically significant sulphide mineralization was intersected, two of the
holes cut a chert horizon underlain by a copper-bearing stockwork zone. This
chert horizon may represent a lull in the volcanic activity during which time
massive sulphide mineralization could have accumulated. Moreover, the downhole
InfiniTEM surveys indicated the presence of a strong off-hole conductor down
dip and to the east of the holes.
    The second phase of the drilling campaign was undertaken to verify the
off-hole anomalies discovered during the first phase. Three holes plunging at
-50 degrees were drilled to the north. The first hole of this campaign
(GP2007-04), drilled 50 m to the south and 30 m to the east of GP2006-01,
intersected a sequence of chert and massive iron-copper sulphide with
subjacent copper-bearing stockwork. This 1.15 m interval of massive sulphide
graded 0.72% Cu with 4.0 g/t Ag, including an interval of 0.15 m grading
1.83% Cu with 7.6 g/t Ag.
    However, preliminary results from the downhole InfiniTEM survey indicate
the presence of an off-hole conductor to the east and slightly down dip. The
geophysical model also suggests that the hole missed the main mass of the
conductor. GP2007-05 was drilled 30 m to the east and 25 m to the south of
drill hole GP2006-02. This hole also intersected chert and massive sulphide
with subjacent copper-bearing stockwork. The 0.3 m interval of massive
sulphide horizon returned low Cu-Ag values. The presence of a nearby down dip
off-hole conductor was also detected by the InfiniTEM survey. Lastly,
GP2007-06, drilled 20 m to the east and 20 m to the south of GP2007-04
transected chert, massive sulphide and subjacent copper-bearing stockwork. The
1.13 m zone of massive sulphide graded 0.35% Cu, while the subjacent stockwork
zone returned best values of 0.36% Cu over 2.22 m. Once again, the preliminary
downhole geophysical model points to the existence of a nearby slightly down
dip off-hole conductor, but in this instance to the west.
    The management of Amex Exploration is pleased with the outcome of the
second drill campaign. Although major accumulation of base metal massive
sulphide has not yet being encountered, significant progress and results have
been obtained. Firstly, the drilling has confirmed the existence of chert
horizons that occur within a volcanosedimentary package that appears to be
relatively undeformed and stratigraphically consistent along strike. Chert
horizons represent pauses in volcanic activity that may be favourable for the
development of volcanogenic massive sulphides. Furthermore, massive sulphide
horizons underlain by copper-bearing stockwork zones several meters thick were
encountered below the chert beds in each of the three holes of the current
campaign. This suggests that the mineralized horizon is relatively continuous
along strike. And lastly and most importantly, preliminary results from the
downhole geophysical survey suggest that the most conductive zone is still
slightly down dip of the latest drill holes, and that the most important parts
of the massive sulphide body remain to be drilled.

    This press release was prepared by Jacques Trottier, geo, Ph.D.,
president of Amex Exploration and Francis Chartrand, geo, Ph.D.,
vice-president of exploration. Nathalie Guillemette, geo, M.Sc. supervised the
drill program as Qualified Person in accordance with 43-101 regulations.
Diamond drill core was sawn in half along the length at the company's core
shack facilities in Normetal, Quebec and one half sent to Expert Laboratory in
Rouyn-Noranda Quebec for analysis. AAT was used to analyze for Cu, Pb and Zn
and FA was used for Au and Ag. The InfiniTEM downhole surveys were undertaken
by Abitibi Geophysics of Val-d'Or, Quebec. Standard QA-QC procedures were
employed to ensure the quality of the data.

    Jacques Trottier,

    The TSX Venture Exchange assumes no responsibility for the content of
    this press release.

For further information:

For further information: Jacques Trottier/Francis Chartrand, (514)

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