Amerix Precious Metals Corporation

Amerix Precious Metals Corporation

January 17, 2007 00:05 ET

Amerix Announces up to 6.7 g/t Au in Tailings at Vila Porto Rico

TORONTO, ONTARIO--(CCNMatthews - Jan. 17, 2007) - Amerix Precious Metals Corporation (TSX VENTURE:APM)(FRANKFURT:NJG) has received very positive results from its sampling program of the Ouro Roxo tailings at the Corporation's Vila Porto Rico Property in Para State, Brazil. The laboratory has reported gold grades from 84 samples (55% of all samples), which range in value from 40 ppb to 6,701 ppb over one-metre sections and average 1,741 ppb (1,000 parts per billion equals one gram per tonne).

John Andrews, President and CEO of Amerix stated: "The values in the Ouro Roxo tailings are much better than anticipated and these results suggest that the processing of this material might have quite attractive economics. The Ouro Roxo tailings represent a small portion of the material which has been accumulated at the Vila Porto Rico Property during more than 50 years of surface mining. We are encouraged that this material holds meaningful future potential."

The tailings on the Vila Porto Rico Property have been amassed over more than 50 years from garimpeiro mining that operated at a highly organized level prior to Amerix assuming ownership of the Property. Amerix has an agreement with the Ouro Roxo Cooperative to share the capital and operating costs, and the profits from any processing of the Ouro Roxo tailings on a 70:30 basis, Amerix:Cooperative. A total of 37 Banka sample holes have been drilled on a 200 metre by 40 metre grid. The tailings vary in depth from 2.1 metres to 8.5 metres and average 4 metres. It is estimated that more than 1 million cubic metres of tailings exist in the Ouro Roxo tailings impoundment, equivalent to approximately 1.9 million tonnes.

The best intersections included:

- 3.369 g/t Au over 4.0 m;

- 3.992 g/t Au over 4.9 m; and

- 3.005 g/t Au over 6.0 m.

The assay results from the Ouro Roxo tailings program that have been received to date are provided on the Corporation's website at

The preparation and chemical analyses of the tailings samples were performed by SGS Lakefield/Geosol in Itaituba and Belo Horizonte, Brazil, an ISO/IEC 17025 and ISO 9002 certified assayer.

The technical and scientific information herein has been reviewed by John Andrews, President and Chief Executive Officer of the Corporation, P.Eng. (Ontario), a Qualified Person as defined by National Instrument 43-101.

About Amerix Precious Metals Corporation

Amerix Precious Metals Corporation is an Ontario corporation exploring for precious metals in Brazil. Vila Porto Rico and Limao are gold projects in the Tapajos Gold Province in Brazil. The Corporation's shares trade on the TSX Venture Exchange under the symbol "APM" and at the Frankfurt Stock Exchange under the symbol "NJG". There are approximately 45.3 million shares outstanding and 53.0 million fully diluted.

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