Amex Exploration Inc. Closes Financing of $200,000 with MineralFields

Amex Exploration Inc. (TSX VENTURE:AMX) ("Amex") is pleased to announce the
closing of a non-brokered private placement of $200,000 through the sale of
571,428 flow-through units (each a "FT Unit" and collectively, the "FT Units")
at $0.35 each to the MineralFields Group ("MineralFields"). Each FT Unit
consists of one flow-through common share and one common share purchase warrant,
each common share purchase warrant entitling MineralFields to purchase one
additional common share of Amex at the price of $0.45 during a period of 24
months following the closing date.


As consideration for the services rendered by Limited Market Dealer Inc. ("LMD")
in connection with the private placement, Amex has paid to LMD a cash finder's
fee of $10,000 and issued 57,142 finder's options, each finder's option
entitling its holder to purchase one unit of Amex (each, a "Finder's Unit") at
the price of $0.35 per Finder's Unit for a period of 24 months following the
closing date. Each Finder's Unit is comprised of one common share and one common
share purchase warrant exercisable on the same terms as the common share
purchase warrants comprising the FT Units.


"We are pleased to be continuing our relationship with MineralFields Group",
said Jacques Trottier, President and CEO. "This is an important milestone in the
growth of Amex Exploration Inc. and we look forward to working with
MineralFields Group as we develop holdings in the Quebec regions."


Proceeds of the private placements will be used by Amex to incur exploration
expenditures on its properties located in the Province of Quebec.


About Amex Exploration Inc.

Amex is a junior mining exploration company, the common shares of which are
listed on the TSX Venture Exchange. Amex's primary objective is to develop and
bring into production viable gold and base metal deposits.


About MineralFields, Pathway and First Canadian Securities (R)

MineralFields Group (a division of Pathway Asset Management), based in Toronto,
Vancouver, Montreal and Calgary, is a mining fund with significant assets under
administration that offers its tax-advantaged super flow-through limited
partnerships to investors throughout Canada as well as hard-dollar resource
limited partnerships to investors throughout the world. Pathway Asset Management
also specializes in the manufacturing and distribution of structured products
and mutual funds (including the Pathway Multi Series Funds Inc. corporate-class
mutual fund series). Information about MineralFields Group is available at
www.mineralfields.com.  First Canadian Securities (R) (a division of Limited
Market Dealer Inc.) is active in leading resource financings (both flow-through
and hard dollar PIPE financings) on competitive, effective and service-friendly
terms, and offers investment banking, mergers and acquisitions, and mining
industry consulting, services to resource companies.  MineralFields and Pathway
have financed several hundred mining and oil and gas exploration companies to
date through First Canadian Securities (R).


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.