Amex Exploration Closes Fully-Subscribed C$50 Million Brokered LIFE Offering and First Tranche of Concurrent Private Placement

Montreal, Quebec--(Newsfile Corp. - May 21, 2026) - Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) ("Amex" or the "Company") is pleased to announce that it has closed its previously announced "best efforts" private placement offering of 11,110,150 common shares of the Company (the "Common Shares") at a price of C$4.50 per Common Share (the "Offering Price"), which includes the full exercise of the option granted to the Agents (as defined herein), for gross proceeds of C$49,995,675 (the "LIFE Offering"). The LIFE Offering was made in reliance on the "listed issuer financing exemption" available under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption.