MONTREAL, QUEBEC--(Marketwire - Oct. 1, 2012) - Further to the closing of the most recently completed private placement of (i) 89 series "A" units (the "A Units") at a price of $2,450 per A Unit, and (ii) 96 series "B" units (the "B Units") at a price of 2,000 per B Unit, for gross proceeds of $410,050 (the "Private Placement") disclosed on September 28, 2012, Amex Exploration Inc. (News - Market indicators) ("Amex" or the "Corporation") wishes to highlight the participation of SODÉMEX II, s.e.c. in the Private Placement. "The commitment of SODÉMEX to the Private Placement is a strong endorsement of the quality of the Corporation's flagship project, its development potential and the ability of the management to drive the Corporation forward," Jacques Trottier" President and CEO and director of Amex said.

In addition, directors and officers of the Corporation have subscribed for a total of 11 B Units and 40 A Units in the Private Placement, constituting a "related party transaction" as defined under Regulation 61-101 respecting Protection of Minority Security Holders in Special Transactions ("Regulation 61-101"). The transaction is exempt from the formal valuation and minority shareholder approval requirements of Regulation 61-101 as neither the fair market value of any shares issued to or the consideration paid by such insiders exceeds 25% of the Corporation's market capitalization.

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.