Amex Reports on AGM and Provides Corporate Update

About this update from Amex Exploration Inc.

[{"type":"text","content":"Amex Reports on AGM and Provides Corporate UpdateMontreal, Quebec--(Newsfile Corp. - May 12, 2022) - Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) (\"Amex or the Company\") announces that shareholders have approved of all resolutions brought before them at the Annual General Meeting of Shareholders (\"AGM\") held on May 10, 2022. A total of 24,177,225 shares were represented in person or by proxy at the meeting, representing approximately 23.72% of the Corporation's outstanding shares. The following Board members stood for re-election and were duly re-elected: Victor Cantore, Pierre Carrier, Bryan Coates, Yvon Gélinas, Anik Gendron, Luisa Moreno, André Shareck, and Jacques Trottier. These directors will hold office until the next annual meeting or until their successors are elected or appointed or a director vacates office in accordance with the by-laws of the Corporation. Raymond Chabot Grant Thornton (RCGT) was reappointed as the external auditor of TGSC and will hold office until the next annual meeting at such remuneration as may be determined by the directors with 99% of the votes cast supporting the appointment of the auditor. Shareholders also voted 98% in favor, to approve Amex's rolling up to 10% stock option plan, through which the total number of common shares reserved for issuance as incentive stock options shall not exceed 10% of the total issued and outstanding common shares. The plan remains subject to the approval of the TSX Venture Exchange.Corporate UpdateAlso during the AGM, the Company provided a review of operations during the year 2021 and to date. Depending on the season, Amex has up to 10 drills turning and is drilling approximately 10,000 metres a month, making this campaign one of the largest and most aggressive exploration programs in Canada. The carefully planned 2021 exploration program led to important new discoveries:the Alizee Gold Zonethe 210 Gold Zonethe Upper HGZthe E2 Gold Zone and, a new copper rich VMS discovery, the QF Zone. In addition, Amex further defined and expanded the Denise Zone and identified exceptional high-grade gold continuity in the High-Grade Gold Zone (HGZ). To date, Amex has hit very high-grade and often visible gold in multiple zones across the project over a 3.5 km corridor of gold mineralization. Much of the winter drilling campaign focused on the...

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