MONTREAL, QUEBEC--(Marketwire - Sept. 19, 2012) - Amex Exploration Inc. (News - Market indicators) ("Amex" or the "Corporation") is pleased to announce that it has closed a non-brokered private placement consisting of (i) 1,440,000 common shares of the Corporation issued on a flow-through basis (the "Flow-through Shares") at an issue price of $0.25 per Flow-Through Share, and (ii) 200,000 common shares of the Corporation issued on a non flow-through basis (the "Common Shares") at an issue price of $0.20 per Common Share, for aggregate gross proceeds to the Corporation of $400,000 (the "Private Placement").

In connection with the Private Placement, Amex paid a finder's fee equal $32,000 to EMD Financial Inc. ("EMD"), a non-related party to the Corporation, and also granted to EMD 131,200 agent's options (the "Agent's Options"); each Agent's Option entitling the holder thereof to acquire one common share of Amex at a price of $0.20 per common share for a period of 24 months following the closing date of the Private Placement.

The net proceeds from the sale of the Flow-Through Shares will be used by the Corporation to finance the Corporation's exploration program on its properties located in the Province of Quebec, and the net proceeds from the sale of the Common Shares will be used by the Corporation for general working capital purposes.

All securities issued pursuant to the Private Placement are subject to a 4-month and one day hold period, expiring on January 18, 2013. The Private Placement is subject to the receipt of all necessary regulatory approvals, including the final approval of the TSX Venture Exchange.

Amex Exploration Inc. is a junior mining exploration company listed on the TSX Venture Exchange whose primary objective is to develop and bring into production viable gold and base metal deposits.