Amex Exploration Inc. starts a new drill program at Normetal

2006-11-21

TSXV - TSX Venture Exchange · Copper · Molybdenum · Silver · Gold · Zinc · Canada

MONTREAL, Nov. 21 /CNW Telbec/ - Amex Exploration Inc. (AMX - TSX-V) is pleased to announce the beginning of a first phase of drilling on high grade base metal massive sulfide Great Plains showing located on the eastern portion of its 100% owned Normetal property in the Abitibi region of Quebec, Canada. This first phase of drilling will be starting with a three drill hole program totaling a minimum of 1,200 meters. The Great Plains showing was discovered from surface prospecting and follow-up drilling during the 1974-75 campaign by Great Plains Exploration inc. This showing is considered as an Archean volcanogenic massive sulfide mineralization such as the old polymetallic Normetal mine located at about 20 km to the west of the showing. The Normetal mine has produced some 11 Million Tons at 2.15% Cu, 5.15% Zn, 0.55 gpt Au and 45.25 gpt Ag. This showing would be located just north of the stratigraphic horizon of the Normetal mine, precisely in the lower member of the Normetal Formation composed of a sequence of intermediate lavas. The intercepts of massive sulfides cut by drilling are situated at the interface between a mafic volcanic unit and a felsic tuffaceous unit. Many mineralized intersections with significant values were reported including the following best results:

<< DDH No. Length Cu Zn Ag (m) % % gpt

GP-01 2.13 7.96 2.66 89 GP-03 1.52 2.64 0.81 32.6 GP-04 1.65 5.83 0.07 4.5 >>

In the mid 90's, Falconbridge optioned the property and execute some additional holes at depth to test potential extensions without to much success. However, down hole geophysics surveys, also executed by Falconbridge, has detected off hole anomalies indicating the presence of a conductor at depth and at about 150 meters to the east. More recently, an airborne MegaTem survey has also detected and confirmed the same conductor. The proposed drill program is to verify the untested off hole conductor located at a depth of 250 meters with three drill holes at a spacing of 60 meters between the holes. The results should be available around mid-December.

This press release has been prepared and approved by Pierre O'Dowd as Qualified Person in accordance with 43-101 regulation. Mr. O'Dowd will also supervise the drill campaign. %SEDAR: 00004815EF