Amex Exploration completes C$80 million private placement

Montreal, Quebec--(Newsfile Corp. - June 18, 2026) - Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) (" Amex " or the " Company ") is pleased to announce the completion of the final tranche of the oversubscribed "best efforts" private placement offering previously announced on May 5, 2026 (as updated on May 11, 2026), consisting of 4,581,567 common shares of the Company (the " Common Shares ") at a price of C$4.50 per Common Share (the " Offering Price "), for additional gross proceeds to the Company of C$20,617,051.50 (the " Final Tranche "). On May 21, 2026, the Company completed (i) a "best efforts" private placement offering of 11,110,150 Common Shares at the Offering Price for gross proceeds of C$49,995,675 in reliance on the "listed issuer financing exemption" of Canadian securities laws, and a first tranche of the brokered portion of its previously announced concurrent private placement, consisting of 394,011 Common Shares at the Offering Price for additional gross proceeds of C$1,773,049.50 (collectively, the " First Tranche " and together with the Final Tranche, the " Brokered Private Placement "), for aggregate gross proceeds of C$51,768,724.50, and (ii) a non-brokered private placement of 1,622,222 Common Shares at the Offering Price, for additional gross proceeds of C$7,299,999 (the " Non-Brokered Private Placement "). Following the completion of the First Tranche, the Non-Brokered Private Placement, and the Final Tranche, the Company has raised aggregate gross proceeds of C$79,685,775.

The Brokered Private Placement was completed pursuant to the terms of an agency agreement dated May 21, 2026 among National Bank Financial Inc. and MDCP Securities Limited, as joint bookrunners and co-lead agents (together, the " Co-Lead Agents "), ATB Capital Markets Corp. and Haywood Securities Inc. (collectively with the Co-Lead Agents, the " Agents "), and the Company. As consideration for their services in connection with the Final Tranche, the Company paid the Agents a cash commission equal to C$1,030,852.58. The net proceeds of the Brokered Private Placement and the Non-Brokered Private Placement will be used to fund the capital expenditures for the Company's bulk sampling program and a portion of the phase 1 development of the Perron Gold Project, a feasibility study on the phase 2 development of the project, exploration of the Company's properties, and general corporate purposes.

The Common Shares issued under the Final Tranche are subject to a four month hold period under applicable Canadian securities laws. The Offering remains subject to final acceptance of the TSX Venture Exchange (the " TSXV "). The Common Shares issued under the Final Tranche were purchased by strategic investor Eldorado Gold Corporation (" Eldorado ") pursuant to the terms of the Investor Rights Agreement dated January 16, 2024 between the Company and Eldorado.

The Final Tranche was completed following Eldorado being approved as a "Control Person" of the Company (as defined in, and in accordance with, the policies of the TSXV) by the Company's disinterested shareholders at the Company's annual general and special meeting of shareholders held on June 16, 2026. This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the " U.S. Securities Act ") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration requirements is available.