Amex Exploration Inc. · TSXV:AMX

Amex Exploration — Investor Presentation (May 2020)

26 slides from Amex Exploration's investor presentation, May 26, 2020

  1. Slide 1: High Grade Gold Discovery in Quebec – Corporate Presentation

    TSXV: AMX TSXV: AMX y HIGH GRADE GOLD DISCOVERY IN QUEBEC CORPORATE PRESENTATION May 26 , 2020 www.amexexploration.com 1

  2. Slide 2: Forward-Looking Statement

    FORWARD-LOOKING STATEMENT Caution regarding forward-looking information: This presentation contains "forward looking information" within the meaning of applicable Canadian securities legislation. Forward looking information includes without limitation, statements regarding the effect of the appointm

  3. Slide 3: Qualified Person and Third Party Data

    QUALIFIED PERSON AND THIRD PARTY DATA Qualified Person Maxime Bouchard M.Sc.A., P.Geo. (OGQ 1752) and Jérôme Augustin Ph.D., P.Geo. (OGQ 2134), Independent Qualified Persons as defined by Canadian NI 43-101 standards, have reviewed and approved the geological information reported in this presentatio

  4. Slide 4: Corporate Structure

    TSXV: AMX CORPORATE STRUCTURE Major Shareholders on Fully Diluted Basis: • Eric Sprott ~12% • Commodity Capital ~7% • Management ~13% • Quebec Institutions ~5% • Other Institutions ~20% May 2020 $Cdn Shares issued 68,374,504 Warrants 10,526,093 Options 5,435,000 Fully diluted 84,335,597 Market capit

  5. Slide 5: Management and Board of Directors

    TSXV: AMX MANAGEMENT AND BOARD OF DIRECTORS Victor Cantore Jacques Trottier President and CEO, Director Executive Chairman of the Board Mr. Cantore is a seasoned capital markets professional specializing in the Holds a PhD in economic geology from École Polytechnique of Montréal resource and hi tech

  6. Slide 6: Management and Board of Directors

    TSXV: AMX MANAGEMENT AND BOARD OF DIRECTORS Kelly Malcolm Bryan Coates Vice President Exploration Director Mr. Malcolm is a Professional Geologist (Ontario) with extensive Mr. Coates has over 35 years of experience in the mining industry. He exploration experience focused on precious metal explorati

  7. Slide 7: Management and Board of Directors

    TSXV: AMX MANAGEMENT AND BOARD OF DIRECTORS Yvon Gélinas André Shareck Director Director Mr. Gélinas is a Chartered Professional Accountant (Quebec, Canada) From 1996 to 2013, Mr. André Shareck was owner/partner with the and Certified Public Accountant (Michigan, USA) specializing in both Redbourne

  8. Slide 8: Located in Quebec Canada

    TSXV: AMX LOCATED IN QUEBEC CANADA 8

  9. Slide 9: Flag-Ship Property Location

    TSXV: AMX FLAG-SHIP PROPERTY LOCATION www.amexexploration.com 9 5

  10. Slide 10: Prolific Abitibi Greenstone Belt

    TSXV: AMX PROLIFIC ABITIBI GREENSTONE BELT www.amexexploration.com 10

  11. Slide 11: Infrastructure Enables Low Cost Exploration

    TSXV: AMX INFRASTRUCTURE ENABLES LOW COST EXPLORATION DRILLING COSTS NORMÉTAL • Amex’ all-in drilling • Long history of cost is C$150/m mining – Skilled local work force • Other mining • Low housing costs exploration to hold exploration companies up to team instead of C$350/m to drill mining camps •

  12. Slide 12: Core Shack

    TSXV: AMX CORE SHACK • Amex’s purchased 7000 sqft core shack NORMÉTAL facility in Normetal • Organizing, • Long history of mining measuring, marking, • Cost efficiency: and cutting core all • Renting houses instead of camps done within • Houses hold 4-5 Geologists each • Excellent work environment f

  13. Slide 13: Perron Property Geology

    TSXV: AMX PERRON PROPERTY GEOLOGY www.amexexploration.com 13

  14. Slide 14: 3.0 km Defined Gold Corridor on Beaupre Block

    TSXV: AMX 3.0 KM DEFINED GOLD CORRIDOR ON BEAUPRE BLOCK • 15 km of Perron and Normetal fault to explore as well as targets within the Beaupre Block. Potential to host multiple mines on property • 3.0 km strike length of structural trend along mineralized gold corridor connecting Eastern Gold Zone to

  15. Slide 15: Opportunity for Multiple Mines

    TSXV: AMX OPPORTUNITY FOR MULTIPLE MINES Perron property strike and drilling depth compared to the Mouska/LaRonde Belt 3 Gold Zones Identified* with 15 km of strike to explore GGZ GCZ EGZ 775 m vertical depth vs 4.5 km depth in Abitibi Bousquet 2 - Mouska Doyon Westwood Bousquet 1 LaRonde Penna Duma

  16. Slide 16: Eastern Gold Zone

    TSXV: AMX EASTERN GOLD ZONE • Three mineralized zones • Denise Zone 1 & 2 + High Grade Zone • Open in all directions ALONG STRIKE AND AT DEPTH www.amexexploration.com 16

  17. Slide 17: Eastern Gold Zone High Grade Zone

    TSXV: AMX EASTERN GOLD ZONE High Grade Zone • Intersected ~775 vertical metres of high grade mineralization from surface • Definition drilling spacing varying from 25 to 50 metres step out drilling varying from 100 to 200 metres • Testing lateral extent and depth of the system with step-out program

  18. Slide 18: Eastern Gold Zone Highlight Results

    TSXV: AMX EASTERN GOLD ZONE • PE-19-22 393.33 g/t Au/1.70 m Highlight Results Including 236.51 g/t Au/0.55 m 677.62 g/t Au/0.50 m 307.33 g/t Au/0.65 m • PE-19-31 14.56 g/t Au/7.10 m • PE-18-17 269.33 g/t Au/1.35 m Including 156.83 g/t Au/0.65 m • PE-19-47 32.22 g/t Au/5.90 m • PE-19-45 30.98 g/t Au/

  19. Slide 19: Eastern Gold Zone Drilling

    TSXV: AMX EASTERN GOLD ZONE DRILLING Multiple coarse grains of gold in Hole PE-19-22 HOLE PE2019-22 Hole From To Length (m) Au (g/t) 48.00 51.00 3.00 2.62 PE-19-22 48.00 49.00 1.00 6.38 PE-19-22 incl 225.85 227.55 1.70 393.33* PE-19-22 225.85 226.40 0.55 236.51* PE-19-22 incl 226.40 226.90 0.50 677.

  20. Slide 20: Gratien Gold Zone

    TSXV: AMX GRATIEN GOLD ZONE • Reinterpretation of historical Perron Property Drilling using the Eastern Gold Zone geological model • High grade corridor identified in the Gratien Gold Zone • 9,500 m of drilling Gratien and Gray Cat completed since July 2019 www.amexexploration.com 20

  21. Slide 21: Gratien Gold Zone 2019 Drilling Highlights

    TSXV: AMX GRATIEN GOLD ZONE 2019 DRILLING HIGHLIGHTS From Length Drill Hole To (m) Au (g/t) (m) (m) PEG-19-65 109.40 110.85 1.45 67.52 incl. 109.40 110.20 0.80 4.13 incl. 110.20 110.85 0.65 145.53 PEG-19-66 221.80 226.05 4.25 16.77 incl. 221.80 222.90 1.10 10.94 • Strike length of high-grade gold in

  22. Slide 22: Upper and Main Gratien Gold Zone – Long Section

    TSXV: AMX UPPER AND MAIN GRATIEN GOLD ZONE – LONG SECTION www.amexexploration.com 22

  23. Slide 23: Grey Cat Gold Zone 2019 Drilling

    TSXV: AMX GREY CAT GOLD ZONE 2019 DRILLING • Widespread gold through broad panels of the altered BHID From To Length Au Zone host rock (m) (m) (m) (g/t) PEG-19-78 94.00 128.00 34.00 1.89 Grey Cat • Near-surface mineralization Including 94.00 101.50 7.50 5.07 Grey Cat of over 20 m width with potentia

  24. Slide 24: Grey Cat Gold Zone

    TSXV: AMX GREY CAT GOLD ZONE www.amexexploration.com 24

  25. Slide 25: Regional Targets: Beaupre Block Target Proposal

    TSXV: AMX REGIONAL TARGETS: BEAUPRE BLOCK TARGET PROPOSAL • 20,000 m dedicated to regional exploration program • Identified numerous cryptic faults which may be associated with gold mineralization • Western portion of the Beaupre block targets are analogous to known gold zones • Blue shapes represen

  26. Slide 26: Investment Highlights

    INVESTMENT Large 100% owned land position in mining friendly, More than 15 km of prospective faults along Regional geology and drilling suggest there is an HIGHLIGHTS low geopolitical risk Quebec, Canada underexplored Abitibi greenstone belt opportunity to host multiple ore deposits of various type

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