AMEX Exploration

Amex Exploration Inc. is focused on developing the high grade gold ounces at its 100 % owned Perron Gold Project located ~110 kilometres north of Rouyn-Noranda, Quebec. The project comprises 117 contiguous claims (45.18 km²) and hosts both bulk-tonnage and high-grade gold mineralization styles. When combined with the adjacent Perron West Project—which includes 48 claims (17.37 km²) in Quebec and 35 claims (134.55 km²) in Ontario—the consolidated land package spans a district-scale 197.52 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 20 minutes from an airport, and approximately 8 km from the town of Normétal. It is also in close proximity to several milling operations owned by major gold producers.

Attracted with the high-grade nature and quality of the Perron project, Edorado Gold was initially a strategic 9.9% investor in Amex but with the financing August 2025 they now own ~17%.

Management Profile

Victor Cantore, President and CEO, Director

Mr. Cantore is a seasoned capital markets professional specializing in the resource and hi tech sectors. He has more than 20 years of advisory and leadership experience having begun his career in 1992 as an investment advisor and then moving into management roles at both public and private companies. During his career he has organized and structured numerous equity and debt financings, mergers and acquisitions, joint venture partnerships and strategic alliances. Mr. Cantore serves on the boards of various companies both private and public.

What is your rationale for taking part in 121 Mining Investment?

Looking for on market buying. Permit for a bulk sample has been applied for.

What recent news would you like to highlight to investors attending?

• 30th September 2025 - Amex Exploration Commences Feasibility Study at Perron
• 18 September 2025 - Amex Exploration Submits Underground Bulk Sample Permit Application for Perron
• 4 September 2025 - Amex Exploration Perron Gold Project Delivers Strong Economics in Updated PEA
• 13 August 2025 -Amex Exploration Completes Final Tranche of C$37.25 Million Private Placement
• 21st May 2025 - Amex Exploration Significantly Increases Gold Resource on Perron - 1.615 Moz Measured and Indicated at 6.14 g/t Au in 8.183 Mt and 698 koz Inferred at 4.31 g/t Au in 5.044 Mt

What are your key goals for the next 3, 6 and 12 months?

3 Months

Exploration drilling on newly acquired claims.Grant of bulk sample permit

6 Months

Development of full size portal for underground bulk sample, to a depth of approximately 230 meters focused on the Champagne and Denise zones. This program will de-risk the development of the Perron project, from a geological, technical and financial perspective.

12 Months

Completion of feasibility study for a 4 year toll milling operation.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

The market cap of the company does not reflect the underlying economic value of the Perron project therefore Amex is doing a lot of marketing, ie. interviews, conferences, meetings and articles to get the story out to as many potential investors as possible.

What do you think makes your company such a compelling investment?

The PEA shows robust economics even if the gold price were to decline.

Highlights:

• Post-Tax IRR 70.1% and Post-Tax NPV C$1,085M at US$2,500/oz Au
• Two Stage Production: 4-year toll milling operation followed by the construction of an on-site processing plant
• Cumulative Undiscounted Post-Tax Cash Flow of C$1,768M, including C$1,273M over the first 10 years of production
• Gold production to average 112,000 oz per year over the first 10 years of production

What are the top 3 key investor takeaways?

1. Eldorado Gold's 17% interest validates the future potential of this project becoming a mine and provides enough cash for further exploration and development.

2. TThe economics of the PEA , the high-grade gold discoveries and VMS discoveries on the project, in addition to a robust treasury, derisks Amex from other exploration projects.

3. The current share price provides an attractive entry point for investors as the economics warrant a much higher market cap. for the company.