Amex Exploration Inc. reported that it has just received initial analytical results from the core samples where multiple free coarse gold were identified in hole PE2017-03. The section of the hole where free coarse gold was observed is from a depth of 311.9 meters to 316.56 meters. In fact, two core sections with free coarse gold were sent to the laboratory, the first one from a depth of 311.9 to 312.47 returned a value of 16.7 g/t Au over 0.57 meters and the second one from a depth of 315.56 to 316.56 returned a value of 47.2 g/t Au over 1.00 meter, leaving an overall intersection with an average grade of 12.22 g/t Au over 4.66(i)meters. ((i)Interval intersected along the hole, undetermined true thickness). This high grade gold zone is hosted within a highly sericitized and sheared rhyolite unit of about 5-10m that corresponds very well with a similar altered rhyolite unit intersected in hole PE-2013-04 where free coarse gold within some quartz veining was also noted and values of up to 12.93 g/t Au over 0.30 meters were intersected. This specific zone was the main follow-up target of hole PE-2017-03 and was collared at about 75 meters to the East and 50 meters to the North of hole PE-2013-04. It is important to note that this gold zone is of orogenic type and is not directly related or of the same type as that the so-called discovery gold-rich VMS polymetallic mineralization intersected in hole PE-2013-03 which is located some 800 meters to the West. Amex has also received analytical results from hole PE-2017-01A (located in the same area) to hole PE-2017-05 (which is the deepening of hole PE-2013-04). In addition Amex has re-sampled intervals which were lacking data from the mineralized zone of hole PE-2013-04. The company is currently compiling and integrating these results and will announce them as soon as they are available.