Amex Exploration Inc. announced a non-brokered charity flow-through private placement of 11,344,130 charity flow-through shares at a price of CAD 2.35 per charity flow-through share for the aggregate gross proceeds of CAD 26,658,705.5 on January 16, 2024. Following completion of the Offering, the transaction will include participation from new investor Eldorado Gold Corporation for the purchase of 11,344,130 common shares issued pursuant to the Offering at a purchase price of CAD 15,000,000. Upon closing, the Strategic Investment represents approximately a 9.9% ownership interest in the company's issued and outstanding common shares on a non-diluted basis.

The closing of the Offering is expected to occur on or before February 2, 2024 and is subject to the satisfaction of certain conditions, including receipt of acceptance of the TSX Venture Exchange. All securities issued in connection with the Offering will be subject to a hold period of four months and one day from the date of closing, in accordance with applicable Canadian securities laws.